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Real Estate

GTA REALTORS® Release April 2023 Stats

The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this year. “In line with TRREB’s outlook and recent...

Yorkville overview

CONTENT FROM SPRING REAL ESTATE REPORT

Lack of inventory is the main underlying storyline in the Greater Toronto Area (GTA) real estate market coming out of the winter months, and with an anticipated increase in demand, and competition among buyers, market watchers project renewed price growth. Part of the reason for growing demand, especially among first-time buyers, has been a red-hot rental market, as the average rents start to get closer...

Real Estate

Are you looking to renew a mortgage or buy a house? Now, is the right time.

The collapse of the Silicon Valley Bank is creating an opportunity for anyone looking to renew a mortgage or buy a house. CHRISTOPHER KATSAROV/THE GLOBE AND MAIL To be mercenary about the demise of Silicon Valley Bank, it’s the break people buying a home or renewing a mortgage have been waiting for. The global financial system has been shaken by the failure of SVB, which happened when it...

Bank of Canada Governor

How organized crime has mortgaged or sold at least 30 GTA homes without owners’ knowledge

A private investigation firm working for a title insurance company says a handful of organized crime groups are behind a string of real-estate frauds in the GTA — where at least 30 homes have either been sold or mortgaged without the real owners' knowledge. (Cole Burston/Bloomberg) A year ago, Melissa Walsh says police assured her family it only happened to them. Fraudsters nearly sold her great...

Real Estate

Canada’s housing market is stronger than it looks

Why Canada’s housing market is stronger than it looks – and recovery is just around the corner Naomi Oliver January 21, 2023   It’s hard to imagine the housing market being any weaker than what we’re going through right now. But the market is stronger than it looks. And that will become clear later this year and next. However, pessimism is inevitable. Finally, since...

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