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

Posted by:

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

May high-rise sales mark near-record month
The sales figures for new high-rise homes last month soared 76 per cent compared to the same month the previous year and represented close to twice the 10-year average of 1,896 units. New home sales also rose month over month in May, following 2,324 new homes sales in April, which amounted to a 14-per-cent decline compared ...

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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.

Condo market joins in Toronto’s real estate boom
According to tallies recently reported by the market-research firm Urbanation, sales of new condo units surged 32 per cent in the first quarter of 2016 in the Greater Toronto Area compared with the same period last year. The 2016 tally came close to the first-quarter record set in 2012. Unsold inventory in new developments, ...

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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 these ...

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