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.

Happy Holidays from Realty Point

GTA house goes for $400,000 over asking: ‘It was like a rock concert’
Despite its dated condition, the estate sale property, which sold on Monday for $1.1 million, attracted about 800 visitors over the course of three open houses — and 50 offers ...

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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.

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.

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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

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

National home prices soared to largest Q2 gain in five years, Royal LePage says
Royal LePage says the average price of a two-storey home rose 10.7 per cent from a year ago to $619,671. The average bungalow price climbed 7.9 per cent to $437,121, while the average condo price was $348,189, an increase of 4.2 per cent. The real estate agency is ...

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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.

GTA Realtors® Release Monthly Resale Housing Figures
Home selling prices continued to trend upward in April. The MLS® Home Price Index Composite Benchmark was up by 12.6 per cent year-over-year. The average selling price was up by 16.2 per cent. The higher growth rate reported for the average home price, as compared to the MLS® HPI, points to a greater share of ...

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Real Estate in the News

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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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