Monthly Archives: July 2012

Toronto housing prices up 23 per cent since 2008

Toronto housing prices are up 23 per cent since 2008, according to a Municipal Property Assessment Corporation (MPAC) report on residential sales trends. The hot spots, cited for the most significant increases are: northwest and southwest Scarborough; detached, semi-detached, and town homes north of Bloor St. through the central part of the city, close to […]

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First Time Home Buyer – 5 things to remember

Buying a home for the first time can be one of the most stressful experiences for anyone, whether you are single, a couple or family. It is likely the largest contract you have ever signed up to this point, with resulting financial obligations that can last for many years. It is also about finding the […]

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Canada home resales, prices slip in June

Sales and prices of existing homes in Canada fell in June, the Canadian Real Estate Association (CREA) said on Monday, adding to recent data that has signaled the country’s long real estate boom is starting to fade. Home resales dropped 1.3 percent in June from May, and from a year earlier they were down 4.4 […]

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Toronto Condo prices to cool, not crash

Prices will cool in Toronto’s booming condominium market in the year ahead, but concern about a bubble is overblown as demographics and strong investor demand will insulate the market from a crash, economists at Canada’s largest bank said on Tuesday. The research department at Royal Bank of Canada waded into the debate over whether Toronto’s […]

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Condo Prices Grow at Moderate Pace in Q2

Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011. “The condominium apartment […]

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