Posted by:
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 ...
Posted by:
This week’s top real estate news in Ontario and how your real estate business could be affected.
Tax on foreign homebuyers would be ‘horrible,’ Toronto real estate lawyer warns
A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning came Tuesday after a prominent economist said it was only a matter of time before the surcharge would come into effect in the Greater Toronto Area. “So much ...
Posted by:
This week’s top real estate news in Ontario and how your real estate business could be affected.
Toronto leads Vancouver in luxury home market
Sales of $1-million-plus Toronto-area single-family homes rose 83 per cent year over year in July and August. That’s 3,026 homes, with 55 per cent of them inside Toronto’s borders. Meanwhile, Vancouver saw a decline of 30 per cent in July and 65 per cent in August, for a total of 288 sales of $1-million-plus homes.