Monthly Archives: July 2017

Month: July 2017 Home sales in Toronto go down in June, 2017

  Home sales in the Greater Toronto Area decreased 37.3 per cent last month compared with a year ago, Toronto real estate board said Thursday as purchasers moved to the sidelines following the introduction of legislation that is targeted at cooling one of the most run away housing marketplaces in North America. The Toronto Real Estate Board said 7,974 houses changed hands in June, 2017 while the number of new properties listed on the market climbed 15.9 per cent year-over-year to 19,614. The median price for all properties was $793,915, up 6.3 per cent of the members from the same

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Month: July 2017 Toronto’s deflating run away housing prices, in one chart

  Home sales in Canada’s largest metropolis slowed down for the third largest month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and as active listings surged over the year before. The average house price still increased 6.3 per cent on the year 2017, but that’s well off the blistering pace of annual price increases merely a few months ago.   The June numbers delivered further evidence that the raft of new measures implemented by the Ontario government in April, 2017 –from a new foreign

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

  After a long period of extraordinary home sales and housing price growing, the Toronto Real Estate Board( TREB) reported that the Greater Toronto Area’s housing market posted the first decline in May, 2017 for a market that’s been hot for at the least the last two years. But will this be a one-month blip, or a turning point followed 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 – sales and prices will

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