Canadian Housing Market to Remain Steady in 2011

OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition. “Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, […]

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TREB fires back at Competition Bureau

The Toronto Real Estate Board (TREB) filed its official response to the Competition Bureau’s complaint on Friday, requesting that the Competition Tribunal dismiss the application with costs payable to TREB. “We have patiently and tolerantly waited for the opportunity to respond to the Competition Bureau, and today we filed a response rejecting the commissioner’s position […]

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Market chaos could help housing sector

The upside in a global stock market rout may ironically be a healthier housing market – at least in the short term, say economists. “The housing market has nine lives. Every time interest rates are supposed to go down, something happens and it helps to keep the market going,” said Benjamin Tal, senior economist at […]

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CMHC resale report: multiple offer situations pushed prices higher

The Canada Mortgage and Housing Corporation published a report on the resale market last month and here are some of the highlights. You’ll note that some houses in Leslieville and Riverdale appreciated by $100,000. Housing Now – Greater Toronto Area – (excerpt from CMHC report released July 2011) Resale Market – Tight markets and high […]

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Two great listings + Best Ice Cream in Toronto – August eNewsletter

Welcome to the August 2011 issue of my eNewsletter! The Toronto Real Estate Board has just released their stats for July resales and prices were up almost 10% over July 2010. Click here for the full report. BlogTO has a series of articles detailing the Best of Toronto. This month I’m featuring the best ice […]

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