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In the News: Foreclosures increase as home values fall and mortgage lending tightens (The Globe and Mail)

Wednesday Feb 27th, 2019

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The Canadian dream of home ownership is usually focused on the beginning: the search for and acquisition of a house. But sometimes the dream becomes nightmare, when you lose your house and the bank or some other creditor takes it and sells it off. There are signs that worst case scenario is happening more often as the Toronto-area real estate market continues to cool. It happened to Cynthia McLuckie and her husband, Brian, who had been trying to sell their custom-built Caledon dream home at... [read more]

Toronto Real Estate Market Update - February 2019

Friday Mar 8th, 2019

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The long winter in the Greater Toronto Area seems to have chilled the housing market with home sales down 2.4% in February 2019 compared to February 2018. On a seasonally adjusted year-over-year basis, the number of homes listed in February was also down leading to tighter market conditions. However, as the clouds clear this week and temperatures rise, we will get our first true glimpse of Spring. With Spring, we can expect the typical seasonal uptick in market activity even despite policy... [read more]

Toronto Real Estate Market Update - March 2019

Thursday Apr 4th, 2019

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With some flirtations in March, the Greater Toronto Area still awaits Spring weather and along with that, a seasonal uptick in market activity. Home sales in March 2019 were identical to March 2018 (an increase of 1 sale). However, the number of new listings was down by 5.1%, a likely recipe for modest price gains of 0.5% for all property classes on a year-over-year basis. As Spring finally arrives in the coming weeks and additional supply hits the market, we can expect continued modest... [read more]

Toronto Real Estate Market Update - April 2019

Friday May 10th, 2019

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The Greater Toronto Area housing market began to thaw in April with a 16.8% increase in the number of sales and a 1.9% increase in the average selling price on a year-over-year basis. As the weather continues to warm, we should expect the same out of the real estate market in May as seasonal buying and selling pick up further. Condominiums across the GTA showed great strength in April in large part due to demand from millennials, downsizing baby boomers, and immigration to the... [read more]

Toronto Real Estate Market Update - May 2019

Thursday Jun 6th, 2019

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Both the weather and real estate market warmed in May 2019 with an 18.9% increase in the number of sales compared to May 2018. Increased sales and fewer listings continue to lead to tighter market conditions, which should have positive or stabilizing effects on price growth. The average price for all homes was up 3.6% on a year-over-year basis. Affordable options such as condos and townhomes continue to show strength due to demand from millennials, downsizing baby boomers,... [read more]

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