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Toronto home sales expected to slip, but average prices forecast to climb

Toronto home sales expected to slip, but average prices forecast to climb THE CANADIAN PRESS PUBLISHED JANUARY 30, 2018 Canada’s largest real estate board predicted a slower year ahead for Toronto’s housing market after it overheated in 2017 and sent home prices surging. In a preview of its annual forecast, the Toronto Real Estate …

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Ontario’s Fair Housing Plan

Ontario’s Fair Housing Plan Ministry of Finance Ontario’s Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market. The plan includes: Actions to Address Demand for Housing: Introducing legislation that would, if passed, implement …

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Toronto and Hamilton are the hottest housing markets in Canada

From  Toronto’s real estate market can be a pretty scary place. Prices continue to rise, making home ownership a pipe dream for many of those who live in the city. The same holds true for Hamilton, which has witnessed tremendous growth. The Globe and Mail reports today that according to the Teranet-National Bank …

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Toronto-Dominion Bank raising rates, variable rate mortgage customers to face increased costs

One of the country’s largest banks has moved a key prime rate up 15 basis points for variable-rate mortgage customers, a change that will affect some Canadians with floating rate products. Toronto-Dominion Bank began quietly telling the lending industry on Monday that its prime lending rate was going to jump from 2.7 per cent …

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Why Toronto home prices won’t fall as rapidly as Vancouver’s

If the latest forecast from National Bank comes to pass, it would mark a serious change of pace for residential real estate in two of Canada’s major markets. The bank, Canada’s sixth largest, is calling for home price declines in both Toronto and Vancouver next year. National Bank expects Vancouver home prices to tumble …

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Here’s why Canada’s red-hot housing market may be cooling, but won’t be crashing

The Canadian housing market can expect slower price growth over the next five years, but fears of a national housing crash may be overblown, according to a Moody Analytics report released this week. The report, which cites Brookfield’s housing price index for its data, states that house prices for detached single family homes are …

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Toronto-area home sales, average prices soar in August

A record number of homes were sold in the Greater Toronto Area last month as listings continued to dwindle, the city’s real estate board said Wednesday. The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, though there were two …

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The housing market that just won’t stop

Home sales in Monica Dawson’s Markham neighbourhood seem to unfold almost according to script. Whenever a For Sale sign pops up, cars clog the street for showings. Then a bidding war breaks out, ending with an eye-popping sale price. Ms. Dawson and her husband, who are in the midst of divorcing, recently crunched the …

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Spring housing market ‘a whole other level of insanity’

What’s the difference between the spring of 2016 and the Toronto housing market a year ago? “It’s busier, it’s crazier and it’s more expensive,” according to Toronto realtor David Fleming of Bosley Real Estate. “This year has a whole other level of insanity because there are so few listings compared to the demand that’s …

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