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  May 3, 2017   -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB's MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New listings for condominium apartments were at the same level as last year.   Total sales for the TREB market area as a whole amounted to 11,630 – down 3.2 per cent year-over-year. One issue underlying this decline was the


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Ever resilient and quick to adapt, Chinese demand for overseas property has seen little change in response to a series of policy changes and restrictions in their incessant hunt for international property. From tightened foreign exchange rules in China to the potential demise or price hike of the US EB-5 visa scheme, we shed light on how Chinese real estate investors have been rolling with the punches to continue investing abroad. Over in China, the end of May marks yet another long weekend holiday – the Dragonboat Festival on 28-30 May 2017 – which could herald another wave of Chinese


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  TORONTO, April 20, 2017   -- Toronto Real Estate Board CEO John DiMichele has released a statement in response to the new measures announced today by the Ontario Government for homebuyers and renters. “The Toronto Real Estate Board is encouraged that all levels of government are making the state of the housing market a priority; however, TREB strongly believes that public policy decisions with regard to the housing market should be evidence-based and supported by empirical data. In this regard, it is not clear that the issues targeted by the policies announced today are fully understood at this point,


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TORONTO, April 5, 2017   -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017.  This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016.  For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses. The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016.  The strongest growth in new listings was experienced in the detached


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The hot real estate market in Toronto and the surrounding areas helped push home sales up last month to their highest mark in nearly a year. The Canadian Real Estate Association says home sales though its MLS system hit their highest level since last April, gaining 5.2 per cent in February compared to January. The association says February sales were up from the previous month in about 70 per cent of all local markets it measures, with the national increase driven by the Greater Toronto Area and surrounding regions. CREA president Cliff Iverson says homes are selling briskly throughout the


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TORONTO, March 3, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year. “The February statistics tell me that many Greater Toronto Area households continue to view home ownership as a great long-term investment. The high demand for ownership housing we’re seeing is broad-based, with strong sales growth for


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A new record has been set in the Greater Toronto Area with the average single-family ground-oriented home now surpassing $1 million, the Building Industry and Land Development Association says. Figures from its official data source the Altus Group, show that the average price in January was $1,028,395 with prices up 25 per cent in just one year. A new detached house averaged $1,316,325 with a townhouse averaging $879,619. “The GTA is facing a severe shortage of housing supply, particularly for single-family homes which sell as soon as they come to market,” said BILD President and CEO Bryan Tuckey. “When there


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IMPORTANT Changes to Toronto LTT APPROVED - Effective March 1, 2017 City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers   with a closing date on or after  March 1, 2017 , when it will be harmonized with the provincial LTT. Click here  to see the detailed City of Toronto Notice on the "original" proposed changes posted in December 2016  (NOTE:


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  TORONTO, February 3, 2017   -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016. Annual rates of sales growth were higher for condominium apartments than for low-rise home types. January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types. "Home ownership continues to be a


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  The Toronto Real Estate Board is expecting another year of double-digit price increases and a similar number of property sales to those last year. It says the average price for all types of housing is expected to rise to about $825,000 _ up from $730,472 in December and $729,922 for the 2016 calendar year. The board says the highest year-over-year price increases will be for low-rise types of housing such as detached, semi-detached and townhouses. It estimates there will be between 104,500 and 115,500 home sales this year through its MLS system _ more or less similar to the


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