TORONTO — A record number of homes were sold across the country in March, although the Vancouver and Toronto markets saw sales declines from the previous month, the Canadian Real Estate Association said Friday. March was the first full month for new federal mortgage rules primarily aimed at reducing buyers’ appetite for expensive properties […]
Archives for April 17, 2016
Toronto condo rents jump, driven by higher prices
Rising prices for condominiums in the Greater Toronto Area are pushing rents higher and spurring development, a real estate consulting firm said Thursday. Toronto-based Urbanation said the average rental price for a condo in the first three months of 2016 in the Greater Toronto Area was up almost seven per cent when compared to […]
Two-thirds of millennials expect to afford a Toronto-area home, study suggests
Toronto’s hot housing market hasn’t torched the home ownership dreams of first-time buyers. About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the […]