Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.

Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said that 94 ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

May high-rise sales mark near-record month
The sales figures for new high-rise homes last month soared 76 per cent compared to the same month the previous year and represented close to twice the 10-year average of 1,896 units. New home sales also rose month over month in May, following 2,324 new homes sales in April, which amounted to a 14-per-cent decline compared ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Average Canadian house price rose 13% to record $509,460 in May
The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released Wednesday by the Canadian Real Estate Association. Stripping those two markets out of the calculations, the average price of a house sold in May declined 0.7 per cent in the past 12 ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Lower interest rates may be the new normal, Stephen Poloz says
Among the reasons, Poloz pointed to the more-pessimistic outlook for potential long-term global growth. The forecast was lowered to 3.2 per cent from four per cent, he said. “That downgrade means the neutral rate of interest will be lower for sure — for a very long time,” said Poloz, who added it could ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto’s hot housing market drives big bidding wars in suburbs
Toronto’s sizzling market may get all the attention, with the average price of a detached house topping $1.2-million last month. But it’s in the suburbs where the most intense housing battles are being waged.

Bank of Canada announces overnight rate target
The Bank of Canada said Wednesday it will maintain its target for ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Canadian Real Estate Association says September home sales down from August
The Canadian Real Estate Association said Thursday that home sales in September through its Multiple Listing Service were down 2.1 per cent compared with August. Also read “Home prices continue to grow“.

House prices in some GTA suburbs rising more quickly ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.

Three words to sum up Canada’s economy: ‘Best. ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.

5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Bank of Canada Interest Rate Cut
The Bank of Canada has cut the overnight interest rate to 0.5% with the implication that Canada is in a partial recession. growth in the economy is expected by the Bank to begin in the latter half of 2015. ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

GTA Realtors Release Monthly Resale Housing Figures
June 2015 was a record month for home sales in the Greater Toronto Area (up 18.4% for a total of 11,992 homes sold) and the average selling price is up 12.3% to $639.184 over June 2014. Also read “Average Toronto home sale price hits new record“.

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