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Price Growth Across All Major Home Types in May

June 5, 2013 — Greater Toronto Area (GTA) REALTORS® reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per […]

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Five Basic Rules When Buying a Condo in Toronto

Buying a condo is an important decision that will affect your lifestyle, so you should always approach this decision with great care. Owning a condo offers many attractive features, such as various amenities, freedom from yard and exterior maintenance, making a vacation home more affordable, and the ability to live in your desired location. However, finding […]

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Canadian house prices edge higher in April

TORONTO (Reuters) – Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday. The index, which measures price changes for repeat sales of single-family homes, showed overall […]

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First-time homebuyers stashing away more cash

Calmer heads prevail when it comes to first-time home buying, according to one poll that says there’s a rise in the number of first-time buyers who are slapping down more than 20 per cent for their down payments. Fifty-six per cent of Canadians are squirreling away more money to make those down payments, up from […]

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Homebuyers say they expect to spend $300,000 on first property

By Linda Nguyen, The Canadian Press TORONTO – The average first-time homebuyer in Canada is 29 years old and expects to be able to put down a down payment of $48,000 on $300,000 home, according to a recent poll by the Bank of Montreal. But the study, released Tuesday, also found that price expectations vary […]

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Canadians still buying plenty of Florida real estate: BMO

Canadians’ unrelenting passion for sun and sand has helped drive a 12 per cent increase in Florida real estate over the last two years, according to a BMO report. More than 500,000 Canadians now own property in what was one of the hardest-hit U.S. states in the 2008 housing meltdown. And snowbirds remain the biggest […]

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Five Reasons to Buy a New Condominium in the GTA

“In Ontario, more than one million people are now living a condominium lifestyle and that number will continue to grow. The GTA is the fastest growing condominium market in North America, and here are five good reasons why. Affordability and choice: Condominiums are still the most affordable path to homeownership in the GTA, with the […]

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THE FATE OF CANADA’S HOUSING MARKET

Recently, TD and Scotiabank, a couple of the biggest banks in Canada, released official reports predicting the fate of Canada’s housing market. Both TD and Scotiabank have presented similar points. Let’s compare them: TD – Housing prices have been strong over the past 10 years, but will flatten for the next decade – Home prices […]

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