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Toronto Real Estate Sales Up By 22% Compared to Last Year

Thursday Oct 10th, 2019

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales. On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually... [read more]

The Toronto Real Estate Board Releases Current Toronto Condo Statistics

Friday Oct 19th, 2018

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The Toronto Real Estate Board announced that the average selling price for condominium apartments reported sold by Greater Toronto Area REALTORS® through TREB's MLS ® System in the third quarter of 2018 was up by 8.4 per cent year-over-year to $552,269.  The MLS® Home Price Index (HPI) Apartment Benchmark Price was up by 10.1 per cent year-over-year to $506,300 in September 2018. The highest average condominium apartment selling price was in the City of... [read more]

Toronto Rents Moving Up and a Tighter Rental Market on the Horizon

Tuesday Jan 23rd, 2018

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Apartment rents climbed sharply in the Greater Toronto Area in 2017 as population growth and low supply pushed vacancy levels below 1 per cent. The Toronto Real Estate Board (TREB) said the average rent for a one-bedroom condominium apartment in the GTA climbed to $1,970 in the final quarter of last year, while rent for a two-bedroom condominium apartment rose 8.8 per cent to $2,627. TREB president said the demand for new rental accommodation is continuing to grow in Toronto as the... [read more]

Rising Rates Unlikely to Affect The Toronto Housing Market

Thursday Jan 18th, 2018

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A booming Canadian economy has prompted the Bank of Canada to hike its lending rate a quarter of a point for the third time since last summer. In the near-term, it will likely mean some belt-tightening among those with variable rate mortgages and lines of credit, and with more increases expected, some consumers will be scrimping further as the year goes on. But the demand for housing in the Toronto region remains so strong that the higher mortgage rates aren’t expected to have a... [read more]

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