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Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010, reported TREB.“Low borrowing costs kept buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” said TREB President Richard Silver. “If buyers had not been constrained by a shortage ...

Construction starts of housing in GTA expected to increase in 2012 after recording a decrease this year.This year, the expected decrease is being blamed on continued strong competition from the resale market and elevated multi-family housing inventories.  The number of sales and the average selling price reported by Greater Toronto ...

Sales of houses on Toronto MLS are down on a year-over-year basis, which isn’t a surprise. The decline was predicted. Each says last year’s sales were higher than expected because many buyers were brought into the market before the threat of higher fixed mortgage rates became a reality this year, skewing sales figures, thus the large ...

Toronto housing starts have risen for three months in a row, CMHC says in a report released this week. The seasonally adjusted annual rate of total housing starts rose 13% in October from the month prior, Canada Mortgage and Housing Corp. says, to a total of 34,200 units. Single-detached starts have remained stable, but condo starts have once ...

GTA home sales skyrocketed 64%, with gains at every price point, says the Toronto Real Estate Board. Nearly 8,500 homes were sold, up 64% from last October, with the average price at $423,559 - up by 20% compared to the same month last year. “It has been GTA-wide,” Jason Mercer, TREB’s senior manager of market analysis, said ...

When the Toronto and GTA housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted. This, combined with unprecedented increases in home prices, scared many first-time buyers out of the market. But the economic downturn changed all that. As housing prices ...

Sales of new homes in the Toronto area remain healthy, but that isn’t being reflected in current housing starts, according to Canada Mortgage and Housing Corp.Starts edged down in August to a seasonally adjusted and annualized 32,000 from 35,100 in July, the federal housing agency reported yesterday. One problem has been that developers are ...

[photo:listing:980357] BRAND NEW TOWNHOUSE IN MARKHAM • 1,725 sq. ft., 3 bath, 4 bdrm 3 story "Townhouse" - - Price negotiable! Cornell, Markham  -  BRAND NEW TOWNHOUSE, NEVER LIVED IN! Only $337,000 4Br or 3 Brs + 2nd fl Open concept Family Room - Easy to covert to 4th Br Appr 1,725 SqFt! Modern Country Kitchen ...

Average detached home prices in north central Toronto, particularly along the Yonge Street corridor, nudged above the million-dollar mark in the first half of 2007, according to Toronto Real Estate Board. The area - which encompasses such tony neighbourhoods as Forest Hill, Chaplin Estates, Deer Park and Cedarvale - saw average home prices ...

Every Canadian home should have a mandatory energy evaluation before it can be put on the market, says a Toronto real-estate broker who is setting up a national green real-estate association. "Within five years, we hope to have mandatory energy audits right across Canada on every resale home," said Elden Freeman, executive director of ...