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.

The GTA-wide average price for a detached home has surpassed $1 million
Looking at September resale transactions across both the GTA’s outlying 905 region and its central 416 area, which includes downtown, the average price of a standalone home reached $1,013,788, according to the Toronto Real Estate Board’s latest Market Watch report. That works out to an increase of 23.6 per cent ...

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Real Estate in the News

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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 ...

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