Tuesday, July 25, 2017

Surging sale of $1-million-plus Toronto homes urging calls for new measures

  Sales of single-family detached homes commanding prices of at the least$ 1-million have almost doubled in 2017 in the Greater Toronto Area, as economists elevate the spectre of a real estate bubble. The GTA produced 2,876 sale of detached properties of $ 1-million or more in January and February in 2017, compared with 1,548 […]

More housing are needed, just not a tax on foreign home buyers

  Housing prices in Toronto went through the roof long before governments started toying with a levy on foreign property buyers. While attractive for politicians, whose first have responded to any problem is to tax it, the above issues has been decades in the making, matching a chronic absence of housing supply to ever-increasing demand, […]

Even Toronto’s Top 1 per cent Earners Are Being Priced Out Of Housing Sell, BMO Says

  Taking into account the “stress test” for mortgages that the federal Liberals instituted last year, Porter estimated that a couple earning $225,000 with $100,000 for a down payment would be able to buy a residence of $987,289. The median rate of a single-family house sold in Toronto in February was $1.57 million.   “It […]

Don Mills home sold $1.15 million over listing price in 2017

  Fifty years ago, a young pair paid $27,000 for a modest home in Don Mills. That approximately 1,500 -square-foot mansion sold for $2.3 million, more than $1.15 million over the nearly $1.19 million list price on Wednesday. The home on Norden Cres. near Lawrence Ave. East and Don Mills Rd., received 31 offers following […]

Toronto house sells for more than $1M over asking in early 2017

  A house in Toronto lately sold for more than $1 million over asking price, as the average cost for dwellings sold in the Greater Toronto Area in last month skyrocketed by 20 per cent over the previous December, 2015. The split-level dwelling, located at 19 Talwood Dr. in the Lawrence Avenue East and Don […]

Search all Toronto Homes and Condos. If you want to sell your house or condo, call or text Max Seal, Broker at 647-294-1177 for an appointment with no obligation or for more information.

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