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.

Toronto Real Estate Saw Condo Inventory Decline By 56% In December
The price of a condo dropped slightly in December. The average price across the Greater Toronto Area (GTA) dropped to $440,669, a 0.65% decline from the month prior. This is still a 16.5% increase from the year prior, so I wouldn’t read too much into it…yet. Condos across the GTA ...

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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.

TREB Market Watch August 2016 (PDF)
The MLS® Home Price Index (HPI) Composite Benchmark for August 2016 was up by 17.2 per
cent on a year-over-year basis. Similarly, the average selling price for all home types combined
was up by 17.7 per cent on an annual basis to $710,410. Both the MLS® HPI benchmarks and
average prices for low-rise home types were ...

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Real Estate in the News

Posted by:

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

Toronto sales to pick up in Q3 – report
The Trimart report stated that a rush of new sales will mark the end of Q3 2016, taking into account the over 30 new openings and releases planned across the city for the fall season.

Agent: Expect further mortgage tightening
“We expect some more changes like the CMHC changes. [Possibly] eliminating 5% ...

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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.

CMHC releases Q2 housing market outlook
The average Canadian home price is expected to continue to increase in the next two years, meaning CMHC doesn’t expect any sort of wide-scale correction. “The average MLS® price is forecast to be between $474,200 and $495,800 in 2016 and between $479,300 and $501,100 in 2017. These levels are higher than the 2015 average price of ...

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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.

Royal Richmond in Richmond Hill
World Class Realty Point Brokerage exclusive offering of 12 townhomes in this new Richmond Hill development on Saturday April 9, 2016

Canada Mortgage and Housing Corp Releases Condominium Owners Survey
The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how long owners hold onto their units, ...

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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.

Average Canadian home now costs more than $500,000, CREA says
Monthly sales data from the Canadian Real Estate Association released Tuesday show the average price of a Canadian home was $503,057 in February. That’s an increase of more than 16 per cent from the same month a year ago.

Canada second only to France in taxing people who make $200,000 a year or ...

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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.

CMHC Releases its 2016 Q1 Housing Market Assessment Report for Canada and 15 Markets
In Toronto, overall strong evidence of problematic conditions reflects a combination of price acceleration and overvaluation. We are also monitoring for the potential emergence of overbuilding in Toronto due to the high number of condominium units under construction. Inventory management therefore continues to be necessary to make sure that these ...

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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.

Federal government increases minimum down payment for homes over $500,000
Homebuyers will now have to put 10 per cent down on the portion of the home purchase price over $500,000.

465,000 people may miss start of Ontario’s low-income energy rebate
The lights go out on Ontario’s provincewide energy rebate Dec. 31 — and fewer than seven per cent of the eligible low-income households ...

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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.

GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of ...

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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.

Canadian home sales rebound in October
The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in October 2015 compared to September. Also read “Home resales hit second-best October in nearly six years“.

Booming markets won’t collapse under their own weight – economist
“No housing recession in Canada or elsewhere has ...

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