Share Existing home sales in the Toronto area show a 28% increase in September compared to the year before, according to the figures released on Monday, by the Toronto Real Estate Board (TREB). TREB notes that 8,196 homes have traded hands during the month. The average price of an existing home is also up 10% [...]
Share Existing home sales in the Greater Toronto Area (GTA) rose 27% in August, helping boost sales in Ontario to 25.9% compared to the same period last year, according to the Canadian Real Estate Association (CREA). CREA reported that 18,067 homes traded hands, with average prices up 7.5% to $313,512. With low interest rates and [...]
Share By the end of this year, Toronto home prices are expected to be higher according to a forecast by the Canada Mortgage and Housing Corporation (CMHC). With an improving economy, it means that average home prices will reach $384,120 by the end of 2009, which will be up 1.1% from 2008 noted the federal [...]
Share The summer surge of home buying has the Toronto Real Estate Board (TREB) revising its forecast to higher grounds.Despite the economy, analysts are now expecting to match or even surpass last year’s 74,558 sales. The estimate earlier was in the range of 65,000 – 70,000. TREB reported 9,967 sales of existing homes in July, [...]
Share The Toronto area’s new condominium market rebounded in the second quarter of 2009 with consumer confidence improving and developers offering more incentives to more their units. Analysts still say that the market is not on stable ground yet as thousands of unites are under completion with a backlog of units yet to be sold. [...]
