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Buyers Are Back – Latest TRREB Report Shows Upswing in Toronto Real Estate

After several lackluster months it appears buyers are coming back to the GTA housing market, leading to an uptick in prices as competition heats up. While both sales and prices are down from the same period last year, the average selling price of a home in the GTA rose slightly to hit $1,108,606 in March, …

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Toronto Millennials — A Landlord’s Dream

Toronto Millennials are poised to take over the rental market. Are you ready for them? Millennials: We’ve heard this term thrown around a lot lately, but who exactly are they and what role does Generation Y play in the real estate market? You don’t need to have an inside scoop to know that Toronto and …

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Sellers Continue to Ride Housing Wave as Toronto Home Prices Climb 10 Per Cent

New hope for buyers as supply of new listings in Toronto exceeds demand for the first time since January   In August, sellers continued to ride the wave of the GTA Housing Market, as Toronto home prices climbed 10 per cent. Last week, Toronto Real Estate Board President Mark McClean announced that GTA REALTORS® reported 7,998 …

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Bank of Canada Rate Cut and Loonie at 5-Year Low — What’s in Store for Toronto’s Housing Market?

Last week the Bank of Canada reduced its Key Lending Rate for the second time this year. Down to 0.5 per cent from .75 per cent, this move was in response to our ailing economy along with the slump in oil prices. With large banks and lenders preparing to follow suit, this leaves us to …

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When I was your age …

A Look at the Numbers: 1982: Average house price in Canada — $72,500 2015: Average house price in Canada — $439,100 1982: Average five-year fixed mortgage rate (March) — 19.4% 2015: Average five-year fixed mortgage rate (March) — 3.8% 1982: Outstanding residential mortgages — $30-billion 2015: Outstanding residential mortgages — $953-billion Sources: CREA, Statscan