Toronto Real Estate Market Madness January 2021
Toronto Real Estate Market Madness January 2021
Toronto Real Estate Market Madness January 2021
Canada’s two hottest real estate markets spiked for the second straight month, hitting record sales for July.
Royal LePage agents raise over $125,000 in response to COVID-19
For people with stable jobs, who are renting now, they now may have the ability to jump into the market.
Canadian banks move to help customers, allow deferral of mortgage payments
The Bank of Canada slashed interest rates Friday for the second time this month, a move that came as sentiment had begun to darken in the country’s real estate market with the spread of the COVID-19 crisis.
Home sales in the Greater Toronto Area reached 4,581 last month, according to the Toronto Regional Real Estate Board, a 15-per-cent increase over January last year, when activity slowed because of tougher borrowing rules, higher interest rates and a 15-per-cent tax on foreign buyers of real estate.
In August, sales of detached homes in the 905 region outside Toronto climbed by 25 per cent over last year, accounting for almost 40 per cent of all homes of any type sold in the Greater Toronto Area.
JANET MCFARLAND - REAL ESTATE REPORTER
PUBLISHED JULY 15, 2019
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