Home sales in the Greater Toronto Area reached 7,256 last month, according to the Toronto Regional Real Estate Board, a 46-per-cent increase over February last year, when activity hit a decade low because of stricter mortgage rules and the foreign buyers tax.
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.
Making borrowing easier without stimulating supply will push prices higher, and could make it harder to afford homes
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
CTV News Channel May 21 2019 - Featuring Shawn Zigelstein
Capital appreciation shouldn’t currently be the key consideration, but there are opportunities in income generation if you look carefully.
Simply Real Estate on NEWSTALK 1010 - Discussing the 2019 Real Estate Market: What can we see so far? What can we expect for the rest of the year?
Shawn Zigelstein weighs in on the effect the Stress Test has on both new buyers and current homeowners.
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