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A good start on 2013 resale housing sales

Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013.  This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013.  While the number of transactions was down slightly compared to last year, the rate of decline was […]

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Markham arena to proceed with plan for public funding

Markham will proceed with a controversial plan to use taxpayer money to help fund a $325-million arena — and possibly attract an NHL team. After a sometimes emotional meeting involving more than 500 residents over seven hours, Markham council voted 7-6 against a motion that would have ended a unique cost-sharing arrangement with GTA Sports […]

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Bank of Canada signals rates likely on hold until 2014

The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.” The Bank […]

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Toronto home prices up 4% in January

Realtors are “cautiously optimistic” that Toronto’s housing market is picking up a bit of unexpected steam after six months of slowing sales and softening prices. The number of houses that changed hands in the first two weeks of January was up 2.4 per cent and the average selling price was up 4 per cent compared […]

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Canadian home sales little changed in December

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was little changed on a month-over-month basis in December 2012, holding it in line with levels reported in August when demand first geared down in the wake of tighter mortgage lending rules. Highlights: National home sales edged 0.5% lower […]

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