Real Estate News

Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year.

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Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August - a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings.

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TORONTO, September 19, 2011 -- Greater Toronto REALTORS® reported 6,933 apartment lease transactions through the TorontoMLS® system in the May through August 2011 period. This represented an 11 per cent increase compared to the same period in 2010. The number of units listed during the period was also up, but by a lesser rate of four per cent compared to 2010.

 

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Demand for condos, in particular, remains high as many young people seek an urban lifestyle and retirees look to downsize, according to Oliver Manalese of The RentBusters.

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In no rush to hike interest rates The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on May 31, 2011. This marks the sixth consecutive policy rate announcement for which interest rates have been kept on hold. The Bank now sees headline inflation as staying above 3 per cent in the [...]

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