592 MANNING AVE., TORONTO ASKING PRICE $1,488,800 SELLING PRICE $1,820,000 PREVIOUS SELLING PRICE $908,888 (2014) TAXES $5,281 (2015) DAYS ON THE MARKET 3 The Action: In mid-April, 2016, Little Italy had a small but steady stream of properties available, so this updated, semi-detached Victorian across from Harbord Collegiate Institute was staged in an extra effort […]
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Hot Toronto housing market got even hotter in May, 2016
TORONTO — The Toronto area’s real estate market set a new record in May, 2016, with nearly 13,000 homes sold. That’s up 10.6 per cent from May 2015 in what was already one of Canada’s hottest real-estate markets. The Toronto Real Estate Board says there’s a shortage of listings for low-rise types of housing, […]
Banks voice concerns over housing, Finance Ministry ‘prepared to take further action’
Pressure is growing on Ottawa to take action on housing prices as banking executives are joining economists and global think-tanks in sounding the alarm about the runaway markets in Toronto and Vancouver. The latest call for action came from National Bank of Canada chief executive Louis Vachon, who told Bloomberg on Wednesday that Canada […]
How a house can become a prison after it soars in value in Toronto
Toronto’s housing market is teaching all Canadians a lesson on how overrated it is to have your house soar in value. April was a routinely brisk month for housing in the city and surrounding region – average prices rose to $739,082 from $636,094 a year ago, or 16.2 per cent. Commentary from the Toronto […]
Toronto Detached Home Average Price $1.3-million – as listings dry up
Toronto home prices surged in April as listings dried up, sparking a tumble in sales. “As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher,” Jason Mercer, director of market analysis at the Toronto Real Estate Board, said […]