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Toronto Real Estate Market and COVID-19
TORONTO, ONTARIO, April 3, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019. The Effect of COVID-19 However, despite a strong increase in…
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Real Estate 2017 – what to expect – PODCAST
Real Estate 2017 This article contains a podcast which takes a look at real estate 2017 in Mississauga and surroundings. There is a review of sales activity and prices in 2016, plus a look forward to what to expect in 2017. Update: the Toronto Real Estate Board reported 5,188 residential transactions through the MLS system…
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Mortgage Rule Changes Canada
MORTGAGE RULE CHANGES for CANADA Important mortgage rule changes for Canada took effect on October 17, 2016. These government mandated changes make it harder for buyers who have less than 20% down payment to qualify. Some of the changes include: only apply to buyers with less than 20% per cent down only applies to purchases…
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Home Construction in Canada Booms
Canadian New Home Construction August 2016 New home construction activity in Canada continues to be one of the healthiest components of the national economy. Housing starts have defied predictions of a soft landing, and national housing starts throughout the first seven months of the year have trended around 200,000 annual units (chart 1). The trend in…
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Canada & Global Real Estate Trends
Global Real Estate Housing Markets Remain Strong Continued low interest rates are driving the key global housing markets, in spite of relatively sluggish economic growth and heightened financial market volatility. The IMF has estimated that roughly three-quarters of global real estate markets are experiencing rising house prices. Strength in general has been predominantly in first…
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Market Predictions for Mississauga
Market Predictions for Mississauga – Bull Market Continues The local Canadian real estate market for 2015 performed exceedingly well, and ended up being the second best year in history. We review the City of Mississauga, a large and diverse suburb of some 760,000 people, located just west of Toronto, and provide a forecast for 2016.…
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Real Estate Board 2016 Outlook
Real Estate Board 2016 Outlook The Toronto Real Estate Board has published, for the first time, a comprehensive review of 2015 market activity, with an outlook for 2016, covering all aspects of the GTA (Greater Toronto Area) real estate market. Watch John DiMichele, president of TREB, as he explains the inaugural Market Year in Review…
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Real Estate Sales for April 2015
Monthly Real Estate Sales for April 2015 The Toronto Real Estate Board reported 11,303 real estate sales in April 2015. This was the highest sales result on record for the month of April and represented a 17 per cent increase in comparison to April, 2014. While sales increased strongly on a year over year basis, new MLS…
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TREB Releases mid-month Real Estate Statistics
MID-MONTH REAL ESTATE FIGURES RELEASED TORONTO, May 19, 2015 – A 9.6 per cent year-over-year increase in home sales was reported by Greater Toronto Area realtors during the first 14 days of May. There were 5,655 sales reported in the first two weeks of May 2015 compared to 5,160 sales during the same period in May 2014. “It is…
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Toronto Real Estate Update for November
Toronto Real Estate Continues Upward Trend in November A review of the Toronto real estate market shows that it continues its upward trend, with 6,519 residential transactions reported through the Toronto MLS system in November 2014. Results were up by 2.6% compared to November 2013 sales totals of 6,354 sales. From January through the end…