Helping you buy and sell epic homes in the Greater Toronto Area
Toronto home prices enjoyed upward momentum in January, rising 2.7% from the previous month and now 4.1% higher than a year earlier. The gains were highest in detached houses, but condos were also still higher in price than a year ago, according to the Toronto Real Estate Board’s January Market Watch report. Overall sales were also up 8.8% from a year ago. The average price of a detached home was $586,098 in January, up 8% from a year … [Read more...]
Sky City is an exciting new condominium project by Pemberton Group launching this Spring in Richmond Hill, close to Highway 7 and Yonge. It'll be built in an already established community that's walking distance to the GO Train, VIVA, restaurants, shops, the Silver City movie Theater, a community centre, and schools. With the proposed plan to extend the TTC Subway line up North to Highway 7 and the Richmond Hill Centre renovation, the area will … [Read more...]
Detached homes in Newmarket sell faster than any other region in the Greater Toronto Area, according to data released by the Toronto Real Estate Board. Once listed, homes in Newmarket are on the market for an average of just 25 days before being sold. Homes sell just one day slower - at an average of 26 days - in the quickly expanding city of Milton. The quick pace of home sales in Newmarket and Milton may be attributed to the diversity of … [Read more...]
Toronto house sales are slowing, but economists are not predicting a crash in the real-estate market. The latest statistics from the Canadian Real Estate Association, released Monday, show that Toronto house prices dipped about 2.4 per cent in December over November, putting the average house at $466,540 when adjusted for seasonal fluctuations. Even with that slight decline, Toronto house prices were up in December by four per cent, year over … [Read more...]
The Canadian housing market has flattened out and will likely stay pretty close next year to where it is now in terms of new housing starts and resales, according to Canada Mortgage and Housing Corp. The federal agency said Friday that the market has shifted to a more balanced position as listings have increased and prices are expected to remain flat to the end of 2012. Low mortgage rates, the domestic economy and immigration remain … [Read more...]
Homelife Excelsior Realty
4560 Highway 7 E., #800
Unionville, Ontario
Office: 905-415-1000
Mobile: 416-856-3763
Email: kauyoung@trebnet.com
connect with me