Category Archives: Market News

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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Toronto housing market softening

Canada’s three largest housing markets have undergone “considerable softening” just since May, largely thanks to the condo boom, according to the Teranet-National Bank House Price Index for July. Toronto resale home prices are still gaining ground, but at less than half the 9.2 per cent year over year gain they racked up in July, says […]

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Condo prices set to rise in 2013 as demand continues to grow

A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years. The study by Genworth Canada found that average condo resale prices are expected to rise next year in seven of the eight metropolitan centres studied. Prices […]

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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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