In toronto real estate, Toronto had another month of record-breaking home sales in July, 2016, but the city’s real estate board is warning of a “troubling trend” that is sending home affordability out of range. “While sales were up on a year-over-year basis, the number of new listings was down over the same period, […]
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CMHC is warning overvalued housing market in Toronto area
In toronto real estate, the Canada Mortgage and Housing Corporation (CMHC) is sounding the alarm over several of Canada’s housing markets. There are troubling signs beyond the much talked about Toronto and Vancouver scenes. Bob Dugan is the Cheif Economist for the CMHC, the federal government’s housing authority. On the website the 70 year-old […]
CREA reports Canadian homes sales decline in June, 2016
In Toronto real estate, Canadian home sales declined in June 2016, according to statistics released today by the Canadian Real Estate Association (CREA). Sales activity was down from the previous month in about half of all markets in June, 2016, with declines in Greater Vancouver, the Fraser Valley and Greater Toronto having eclipsed gains in comparatively less active […]
GTA real estate market generated strong June, 2016 sales
TREB president Larry Cerqua In Toronto real estate, Mr. Larry Cerqua, the new President of the Toronto Real Estate Board says that he is excited at a very interesting time in the home ownership market. Demand for ownership housing continues to be at a record high, while the supply of listings continues to be […]
68 Balmoral Ave., Toronto – Summerhill area house sold attracting 3 pre-emptive offers
68 Balmoral Ave., Toronto ASKING PRICE $1,050,000 SELLING PRICE $1,225,000 PREVIOUS SELLING PRICE $465,000 (2001) TAXES $6,130 (2016) DAYS ON THE MARKET 3 The Action: This two-storey row house sits on the south side of St. Michael’s Cemetery on a 15-by-107-foot lot. The prime Summerhill location prompted three pre-emptive offers earlier this year […]
