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GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, October 3, 2012 — Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012.  The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year. The number of transactions was down by 21 per cent in comparison to […]

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Princess of Wales Theatre vs Condo Development

What are your thoughts on this?  Would you prefer to keep the existing theatre or a new condo development? Let me hear your thoughts. A prominent Toronto theatre could be torn down to make way for a major condominium project, which would also be home to an art gallery, retail spaces and a new campus […]

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Housing correction underway in Canada, ‘soft landing’ likely: bankers

Canada’s housing correction “appears to be underway,” Toronto-Dominion Bank’s chief economist said Tuesday, one day after data showed national home sales plummeted in August. Craig Alexander and a team of economists said a combination of market fatigue, stricter mortgage lending and a deterioration in housing affordability are behind a slowdown in Canadian home sales. The […]

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Canadian home sales down in August

Ottawa, ON, September 17, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity dropped sharply from July to August 2012. Highlights: Home sales down 5.8% from July to August. Actual (not seasonally adjusted) activity stood 8.9% below levels in August 2011. Number of newly listed homes […]

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