Real Estate News

Toronto home sales soar, prices continue climb

Toronto home sales soar, prices continue climb

Existing homes sales in the Greater Toronto Area rose 30% in September from a year ago and a strong third quarter has the market about even with 2012 now. The Toronto Real Estate Board said there was 7,411 sales through the Multiple Listing Service in September, up from 5,687 sales a year ago. It was also up from the 6,249 in sales in August. For the first nine months of the year, sales are now down 1% compared with the same period in 2012. […]

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Home prices in the GTA continue to climb despite Ottawa’s efforts to cool real estate market

Home prices in the GTA continue to climb despite Ottawa’s efforts to cool real estate market

Toronto house sales – and prices – continue to climb despite the best efforts by Ottawa to cool a market that shows no signs of giving buyers a breather. Sales across the GTA were up 30 per cent in September, year over year, and prices were up 6.5 per cent over September 2012, according to figures released Thursday by the Toronto Real Estate Board. […]

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Condominium prices falling while low-rise homes continue to soar

Condominium prices falling while low-rise homes continue to soar

A housing crash based on the type of home you have? Is that really possible? It certainly didn’t happen that way in the early 1990s. When the real estate market crashed in Toronto, the entire housing sector saw prices plunge. Even commercial real estate tanked in the high-interest rate environment. […]

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Canada’s housing market: The one that no one can predict

Canada’s housing market: The one that no one can predict

Another month of housing data is guaranteed to produce one thing: more arguments about where the market is going. Statistics from the Ottawa-based Canadian Real Estate Association show actual July sales were up 9.4% from a year ago while average sale price nationwide rose 8.4% to $382,373 during the same period. […]

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