Monthly Archives: July 2017

Month: July 2017 Home sales in Toronto declined in June, 2017

  Home sales in the Greater Toronto Area went down 37.3 per cent in June, 2017 compared with a year ago, Toronto real estate board mentioned Thursday as purchasers moved to the sidelines following the introduction of regulations that are targeted at cooling down Toronto real estate market. The Toronto Real Estate Board mentioned 7,974 houses changed hands in June, 2017, while the number of new listings on the market climbed 15.9 per cent year-over-year to 19,614. The average price for all properties was $793,915, up 6.3 per cent from the same month last year, but down 8.1 per cent

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Month: July 2017 Toronto’s deflating house sales shown, in one chart

  Home sales in Canada’s largest city slowed down for the third month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listing increased nearly 16 per cent, and as active listings surged over the year before. The median residence price still went up 6.3 per cent on the year, but that’s well off the blistering annual tempo of only a few months ago.   The June numbers delivered further evidence that the raft of new measures implemented by the Ontario government in April–from a new foreign buyers tax to lease controls–are

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Month: July 2017 Toronto’s housing market declines in May, 2017, is it better

  After a long period of remarkable home sales and home price growth, the Toronto Real Estate Board( TREB) reported that the Greater Toronto Area’s housing market posted the first of this year’s decline in May, 2017, in a market that’s been hot for at least the last two years. But will this be a one-month blip, or a turning point that could be accompanied by falling prices and sales in the coming months? Forecasting real estate marketplace performance is a tricky business. But a closer look at the TREB data seems to provide enough support for a reasonable call

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