In: International Real Estate News|Mortgage News|Real Estate News|Toronto Real Estate
7 Oct 2011So the stock market has dropped by 10% this year. The interest rate on a GIC is 1-2%. But housing prices increased by 10% in September. The Toronto real estate board just reported that the amount of sold homes increased by 25% in September and the average price increased by 10%. Wow! This is great [...]
In: Real Estate News
12 Aug 2011The Toronto Real Estate Board released their real estate statistics for July 2011. There were 7,922 homes sold in July. This was 23% more than July 2010. This shows that the real estate market in Toronto is continuing to be very healthy. Although, despite the large increase in July, since the beginning of 2011, total [...]
The Greater Toronto Area has completed another spectacular month of real estate. June’s results show that their are no signs of a real estate slowdown on the horizon. There was a 21% increase in the number of homes old in June, compared to June 2010. Home prices also jumped by 9.5%. For the first 6 [...]
Every year for the past 16 years, the average price for a home for sale in Toronto has increased. According to the Toronto Real Estate Board’s month report, the real estate market in Toronto has gone from an average price os $198,150 in 1996 to an average price of $431,463 in 2010, and an average [...]
In: Real Estate News
10 May 2011Garry Marr (one of our favourite real estate reporters!) recently reported that the Canadian Real Estate Association has raised their forecast for Canadian Home Sales. Gary juxtaposes this “raised housing forecast” against the data from the US, which shows that American home values fell by 3%, and that “American home values have fallen 29.5% from [...]
The Toronto Real Estate Board just released their 2010 Real Estate Statistics. In 2010 there were 86,170 homes sold, which is down by 1% compared to 87,308 sold in 2009. The average price for a home in the Greater Toronto Area in 2010 was $431,463. This was up by 9% compared to 2009 when the [...]
The Toronto Real Estate Board released their October 2010 real estate statistics. Sales decreased 21% compared to October 2009. The average price for a home in Toronto in October 2010 was $443,729. The average price in Toronto increased by 5% compared to $423,559 in 2009. It looks like the real estate market is very hot [...]
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.