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.

GTA REALTORS® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB’s MLS® System, representing an eight per cent increase compared to July 2014. The number of transactions were up for all major home types, ...

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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.

Consumer confidence in Ontario’s real estate markets growing, new research shows
41% of Ontarians surveyed say they view the residential resale market in their own neighbourhood as stronger than it was a year ago (34% said so last year)

Seller Property Information Statements: Dial SPIS for Confusion
This lawsuit, centered around statements made in ...

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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 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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Real Estate in the News

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

Housing affordability declines in Toronto, Vancouver in Q1: report
Rapid price growth in Toronto and Vancouver continues to affect the affordability of housing in those two markets, a recent report by RBC Economics states. The bank also predicts that interest rate hikes by the Bank of Canada will are likely to continue to erode housing affordability next year.

Vancouver inventory squeeze finds buyers panicked, sellers anxious
Vancouver is ...

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Real Estate in the News

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

Poll says many would struggle if mortgage payments rise
Poll finds that a third of homeowners would face financial hardship if their mortgage payments increased by 10%. Also read “Here’s why Canada’s interest rates are going to stay low“.

Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis
The Fed hinted that an interest rate hike may be coming in September. This may cause ...

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Real Estate in the News

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

Bank of Canada stands pat, keeps interest rate at 0.75%
Interest rates remain at 0.75% with a possible change based on the loonie’s performance in the coming months.

Vancouver real estate prices pushing millennials to leave city: report
With ever rising home prices will we see vancouverites fleeing their fair city? And is Toronto also seeing this race to the suburbs? Also read “In Toronto, it’s ...

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Real Estate in the News

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

Canada’s economy shrank 0.1% in January – cbc.ca
Canada’s gross domestic product (GDP) shrank slightly, 0.1%, which is better than expected, and may signify another Bank of Canada rate reduction soon.

No market crash until… – canadianrealestatemagazine.ca
Today’s housing market is “priced to perfection” says Jeff Baryshnik, president of Republic Funds. Low interest rates are saving Canadians on their mortgages and there isn’t a “housing ...

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Real Estate in the News

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Our weekly wrap-up of the real estate news stories that are important to you.

When are my taxes due? – remonline.com
Tax season has started. Do you know the tax filing due dates as a self-employed real estate professional?

Why the Bank of Canada rate cut may not bring down mortgage costs – theglobeandmail.com
The sudden and unexpected rate cut this week by the Bank of Canada may not translate to lower mortgage costs. We will ...

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