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Monday, September 12th, 2016

Toronto house prices’ heady gains expected to continue into 2015

Canada’s largest housing market continues to show price gains which the Toronto Real Estate Board says will continue into 2015. The board said the average sale price in November was $577,936, a 7.4% increase from a year ago. Year-to-date prices are up 8.4% to an average of $567,198. Related Great news coming if you’re renewing […]

Chinese developer Greenland makes its first purchase in Canada — a Toronto condo project

Greenland Holding Group Co., a Shanghai-based developer owned by the Chinese government, said it bought King Blue, a two-tower condominium project in Toronto, its first purchase in Canada. Greenland Holding bought the planned development, which includes 44 and 48-story towers, from closely held Easton’s Group of Hotels Inc. and The Remington Group Inc. for at […]

Toronto home prices still growing, with more gains to come

A lukewarm summer didn’t cool off Toronto’s red hot housing market which remains in sellers’ territory, according to the city’s realtors. The average price of a home in the country’s largest market continued to rise, reaching $546,303 for the region — an 8.9% increase from a year ago. In the much sought-after detached home segment […]

CMHC probes how much Bank of Mom and Dad may be skewing real estate market – Ask a Vancouver Mortgage Broker

CMHC probes how much Bank of Mom and Dad may be skewing real estate market Federal housing agency trying to determine how much, and how often, parents are helping kids with down payments Between 18,000 and 20,000 new condominium units are expected to be sold in 2014, says the Canadian Mortgage and Housing Corportation. By: Susan […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

Toronto home prices jump 10% in April from a year ago as single-family home listings in short supply – Consult with a Vancouver Mortgage Broker

Garry Marr | Prices in Canada’s largest housing market show no sign of letting up, driven by a strong demand for single-family homes in Toronto’s core. The Toronto Real Estate Board said Tuesday that the average sale price of a home in the Greater Toronto Area climbed another 10.1% from a year ago and reached $524,868. […]

Get ready for house prices to continue to rise in Toronto- Ask a Vancouver Mortgage Broker

It’s only two weeks of data, but the Toronto Real Estate Board is reporting the first 14 days of February saw existing home prices continue to rise. Safe as houses? Canadians think their homes will fund their retirement Almost a quarter of Canadians say they are planning on using their home as their primary source […]

Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014

MISSISSAUGA, Ont. — Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday. Can’t afford Canadian property? Downsize your home, upsize your storage locker With the condo market in […]

Rebound continues in Canada’s housing market- Ask a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER Home sales continued to be strong in a number of major cities in November, with preliminary local data indicating that the country’s housing market is still rebounding. The number of homes that changed hands by way of the MLS system in greater Toronto last month came in 13.9 per cent […]

Luxury home sales expected to climb: study – Ask a Vancouver Mortgage Broker

September 12, 2013 by  
Filed under Recent News

Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate sales and marketing company Sotheby’s International Realty Canada. The company said Tuesday that sales of high-end homes worth at least $1 million were up in major Canadian urban markets in the […]

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