11/10/2009 12:29:00 AM
Toronto real estate. GTA home sales up 64%, prices up 20%
GTA home sales skyrocketed 64%, with gains at every price point, says the Toronto Real Estate Board. Nearly 8,500 homes were sold, up 64% from last October, with the average price at $423,559 - up by 20% compared to the same month last year. “It has ...
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10/26/2009 2:21:00 PM
Toronto real estate: Interest rates to remain at historic lows
Interest rates will likely stay at their current historic lows through June 2010 in an effort to meet the Bank of Canada's inflation target of two per cent, says governor Mark Carney. Speaking to CTV's Question Period Sunday, Carney confirmed speculation ...
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10/19/2009 8:57:00 PM
October 2009 mid-month real estate statistics from TREB
In the first two weeks of October, Greater Toronto REALTORS® reported 3,631 sales – up 34 per cent compared to the first two weeks of October 2008. The average price for these transactions was up 17 per cent year-overyear to $414,479. "While ...
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9/22/2009 3:42:00 PM
TORONTO REAL ESTATE MARKET, ONTARIO REAL ESTATE MARKET IN SEPTEMBER 2009
August numbers continued the positive trend set in July with sales and average prices up, year over year. 2009 has thus far continued to surprise market watchers. “We are seeing an upward revision of our housing market forecasts at the national level,” ...
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8/20/2009 10:24:00 AM
TORONTO MORTGAGE NEWS
As the economy begins to creep out of its economic rut, the market has begun to speculate on when interest rates will rise. The Bank of Canada pledged in April to hold interest rates at 0.25% until the end of June, 2010. The move was designed to ease credit ...
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6/15/2009 8:13:00 PM
Toronto real estate. TORONTO HOUSING MARKET IS RECOVERING
According Canadian Real Estate Association housing prices are recovering, with the average resale price in May – skewed by an increase in sales activity in the country's most expensive markets – reaching the highest level on record. “National ...
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5/20/2009 11:35:00 PM
Toronto Real Estate Market Sets Records in early May 2009
There are more signs of stabilization in the local real estate market. Interest rates are at a record low for a five-year, fixed-term mortgage, still the most popular product among homeowners. Some banks are offering rates as low as 3.75%, if the buyer locks ...
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4/20/2009 2:14:00 PM
Canada housing more affordable than ever
The global economic downturn is a mixed blessing for home buyers - if you're lucky enough to hang on to your job, you should be in a much better position to buy a house, according to a report released Thursday by RBC Economics. "Declining consumer ...
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4/14/2009 6:07:00 PM
NOW IS A GREAT TIME FOR 1 ST-TIME TORONTO AND GTA BUYERS
When the Toronto and GTA housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted. This, combined with unprecedented increases in home prices, scared many first-time buyers out ...
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4/1/2009 12:07:00 AM
TORONTO CONDO MARKET UPDATE
While much of the North American housing market has taken a hit over the last year, one market is showing promise for home buyers - the Toronto condominium market. While TheStar.com reports that overall Canadian starts are on the decline for their sixth straight ...
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