Monthly Archives: July 2015

Month: July 2015 Toronto average house price jumps to $1.052 million

toront CHRIS SO / TORONTO STAR FILE PHOTO High-end home sales continue to inflate the Toronto real estate market, the June report says. This Rosedale house was on the market in April. By: Susan Pigg Business Reporter, Published on Tue Jul 07 2015 Even concerns that Canada is on the verge of a recession did nothing to dampen demand for homes in June as the spring buying spree – and prices – hit new records. Home sales were up 18.4 per cent from June of 2014 and the average sale price hit a record $639,184, up 12.3 per cent year

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Month: July 2015 Toronto Housing Market Overstimulates With More Tax Cut

The Bank of Canada is getting what seems like unusual advice from one of the country’s leading real estate companies. Only a small number of economists are still calling for Bank of Canada governor Stephen Poloz to hold off lowering the country’s key lending level Royal LePage says it’s worried a further rate cut might add fuel to some of Canada’s already red hot housing markets — a position that may seem at odds with a typical stance from realtors that all rate cuts are good because they make borrowing cheaper and bring more buyers into the market. “We believe

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