W24

Submitted by Jasmina on Tue, 2008-04-29 14:49.

TREB mid-April existing-home sales figures wash away fears of Toronto real estate collapse and prove 'doomsayers' wrong. It was nasty winter weather and recently introduced Toronto Municipal Land Transfer Tax (LTT) that kept both buyers & sellers on the fence and contributed to the sluggish first quarter.

GTA Real Estate Market Heating up: Top Performing Neighbourhoods this Spring

    Toronto Housing Market Heating Up this Spring!
  • Willowdale (C07) saw a 75 per cent overall increase in transactions, driven by strong, detached, condo-apartment, and condo-townhouse sales.
  • In Vaughan/Thornhill (N02), transactions increased by 53 per cent compared to mid-April 2007, as a result of strong detached home sales.
  • Strong detached home sales also drove Brampton East (W24) to 37 per cent compared to the same timeframe a year ago.
  • In Riverdale (E01) transactions are up 10 per cent, also as a result of strong detached home sales.

Greater Toronto Area Home Prices have Risen 7%


Submitted by Jasmina on Sun, 2007-01-07 22:36.

Year ends with a strong December

TORONTO, January 4, 2007 -- Resale housing activity in December increased by four per cent compared to the same month a year ago, Toronto Real Estate Board President Dorothy Mason announced today.

Year-over-year, the average price in 2006 rose five per cent over the $335,907 recorded in 2005 to $351,941. “This means that prices continue to outpace inflation, making home-ownership a sound investment in today's economy and invariably in the long term”.

“The market is on solid footing and is in excellent shape heading into 2007,” TREB’s President said. The winter season is an excellent time to be active in this healthy market, whether starting out as a first time buyer or making a move to a different home.”


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