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GTA Real Estate Market Watch | September 2017

Tuesday Oct 10th, 2017

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Toronto Real Estate Board President Tim Syrianos announced that Bolton, Caledon, Beeton, Tottenham, Maple, Nobleton, Woodbridge, Vaughan & Greater Toronto Area REALTORS® reported 6,379 sales through TREB's MLS® System in September 2017. This result was down by 35 per cent compared to September 2016. The number of new listings entered into TREB's MLS® System amounted to 16,469 in September – up by 9.4 per cent year-over-year. "The... [read more]

Sales of $1 Million Condos up 85% in One Canadian market

Tuesday Oct 10th, 2017

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Demand for luxury property remains strong in many of Canada’s cities but for million-dollar condos one market has seen a huge surge. Sales of homes priced $1 million or more increased in the first seven months in Victoria, and Calgary but it was the GTA where sales were up 85% year-over-year according to data from RE/MAX Ontario-Atlantic Canada. The gain for GTA luxury homes was largely down to two effects of an overall increase in prices in the market. The gains pushed some condos... [read more]

National home prices up 2%!

Tuesday Oct 10th, 2017

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Canadian home prices increased 2% in July, driven by the continued increase in condo prices in Toronto. The latest Teranet-National Bank House Price Index shows that the rise in Toronto was 2.1% but with condos excluded there was a decline of 1.6%. The index compares prices now against a base of 100 for June 2005. For Toronto, it stood at 254.93 in July, meaning prices are up 154.93% since June 2005. Vancouver continues to lead the index at 265.77 and was up 2.8% in July; and 8.56%... [read more]

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