The Toronto Real Estate Board says that 2015 was a record sales year for its members. The number of sales last year through TREB realtors totalled 101,299 – up 9.2 per cent from 2014. It says the Toronto-area had 4,945 residential sales last month, the second-highest on record for a December. The 2015 average […]
Archives for January 12, 2016
January blast of winter weather blows through GTA
Welcome to a blustery and snowy Tuesday: great news for kids who want to toboggan, but not so terrific if you have to drive in it. Environment Canada issued a special weather statement for the GTA and parts of southern Ontario on Monday, calling for five to 10 centimetres of snow by Tuesday afternoon. […]
Canadian Government increases minimum down payment for homes over $500K
Finance Minister Bill Morneau is increasing the amount homebuyers must put forward as a down payment on houses over $500,000. It’s a move designed to cool off the booming real estate market in some of Canada’s biggest cities. Homebuyers will have to put 10 per cent down on the portion of the price over […]
As loonie slides, costs of fresh fruits and vegetables expected to rise
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with bigger grocery bills, especially when it comes to buying fresh fruit and […]