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Home Prices Hold Steady as Real Estate Sales Drop by 53.7% in May 2020 in Mississauga, Brampton and Toronto (GTA) Area

Wednesday Jun 3rd, 2020

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May 2020 Real Estate Sales Prices

Home Prices Hold Steady as Real Estate Sales Drop by 53.7% in May 2020 in Mississauga, Brampton and Toronto (GTA) Area TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for May 2020: TRREB MLS® System Sales and New Listings • Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent... [read more]

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020

Wednesday Jan 22nd, 2020

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Bank of Canada Rate Announcement

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020 The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with... [read more]

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA)

Tuesday Jan 7th, 2020

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December 2019 GTA Sales Increase

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA) TORONTO, January 7, 2020 - Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the... [read more]

Toronto to enforce new Airbnb regulations after tribunal rules in favour of stricter bylaws

Tuesday Nov 19th, 2019

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Toronto Short Term Rentals under new regulations

Toronto to enforce new Airbnb regulations after tribunal rules in favour of stricter bylaws A provincial tribunal has ruled in favour of Toronto's plan to put stricter regulations on the city's short-term rental market. The Local Planning and Appeal Tribunal (LPAT) made its decision Monday, nearly two years after the city first approved the bylaws. Under the rules, Toronto will require short-term rental operators to live at the home they list on sites such as... [read more]

Greater Toronto Area (GTA) Real Estate Market Gains Strength with 14% Increase in Home Sales in October 2019 over October 2018

Tuesday Nov 5th, 2019

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TREB Market Watch October 2019

Greater Toronto Area (GTA) Real Estate Market Gains Strength with 14% Increase in Home Sales in October 2019 over October 2018 Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home... [read more]

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