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Toronto House Prices Have Already Fallen 12% From Their Peak

The slowdown in Greater Toronto’s housing market this spring appears to be more than a one-month blip. Sales in the country’s largest housing market have fallen by half, compared to the same period a year earlier, according to real estate board data obtained by Bloomberg. The Toronto Real Estate Board counted 2,999 sales in the first …

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Toronto Homeowners Are Suddenly In A Hurry To Sell

Toronto’s hot housing market has entered a new phase: JITTERY. After a double whammy of government intervention & the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic has buyers rethinking purchases & sellers asking why they aren’t attracting …

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Toronto Market Turned On Its Head, As Flood Of Listings Impresses Buyers

Toronto real estate agent Davelle Morrison recently bought a truckload of modern chairs, crisp bed linens & stylish lamps. She had to, she says, because the surge in listings in the GTA has sucked up all of the furniture normally used to make properties look as appealing as possible. The stagers who place the furniture …

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House Prices Increase Over 60% In GTA’s Hottest Areas

Toronto’s real estate market continued to defy gravity in March when the average price for a house climbed to $922,757 in March 2017, a 33% increase over last year when prices averaged $695,053. The chart below shows the percentage increase in the average sales price of homes by municipality.  Three of the GTA’s municipalities saw …

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New Listings Surge 62% as Toronto Home Owners Take advantage on Hot Real Estate Market

The first week of April saw the number of new listings of freehold houses (semi-detached, detached and townhouses) surge 62% over last year, as home owners appear to be cashing in on Toronto’s red hot real estate market. Total of 3,845 new properties came on the market during the first week of April, up from 2,371 …

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6 stunning numbers about Toronto real estate & your personal finances

From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increase for resale houses in the city are amazing enough in their own right. But when you look at them in the context of household incomes & budgets, they can blow your mind. Here are 6 numbers that stand …

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