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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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Moving Away from the Regional Extremes of Real Estate Feast and Famine January 12, 2017 National home price appreciation experiences significant growth in the fourth quarter of 2016 Greater Vancouver projected to see a home price correction in 2017, while double-digit price appreciation expected to continue in the Greater Toronto Area TORONTO January 12, 2017  – Canada’s residential real estate market saw significant year-over-year price appreciation in the fourth quarter of 2016, supported by considerable gains in the Greater Toronto Area (GTA) and Greater Vancouver, according to the Royal LePage House Price Survey [1]  and Market Survey Forecast released today.  Looking


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  When preparing your home for the market, it’s great to know there are some relatively inexpensive improvements that can make a big impact with buyers. “A few well-placed pieces of décor and a clutter-free home are simple things you can do on a budget to bump up interest in your home,” recommends Marian Barry, a broker-owner at Royal LePage True North Realty in Fort McMurray, Alberta. Once the fundamentals of a well-maintained home are taken care of, these easy initiatives can seal the deal. Clear the decks . Counter space is extremely important for buyers. Be sure to store


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