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TORONTO REAL ESTATE BOARD’S DECEMBER 2019 & YEAR END STATISTICS

“We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year”

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WISHING YOU PEACE, LOVE, AND JOY THIS HANUKKAH SEASON!

Known as the Festival of Lights, Hanukkah celebrates the re-dedication of the Second Temple in Jerusalem during the second century B.C. The event occurred when Jews rose up against Greek-Syrian rulers in the Maccabean Revolt and drove them out of Jerusalem, according to the History Channel.

To mark their victory, Jews wanted to reclaim the temple and light its menorah, but only found enough pure olive oil for one day, according to Chabad.org. That one-day supply lasted eight and is considered a miracle in Jewish faith.

Every year, Hanukkah begins on 25th day of Kislev, a month in the Hebrew calendar. It lasts eight nights (yes, because of the oil) and this year it’s from Dec. 22-30.

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TORONTO REAL ESTATE BOARD’s CONDO REPORT for 2nd Quarter 2019

“The condominium apartment rental market also remained quite tight in the second quarter, with average rents for one-bedroom and two-bedroom apartments increasing above the rate of inflation on a year-over-year basis. However, we have seen an acceleration in the number of units listed for rent, which has provided renters with more choice in the market place and has coincided with a slower pace of average rent growth over the past year,” said Jason Mercer, TREB’s Chief Market Analyst.

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CMHC’s 2018 MORTGAGE CONSUMER SURVEY: The largest and most comprehensive survey of its kind in Canada

“Shopping for a mortgage can be overwhelming so the more information you have, the better your experience. We’ve expanded our survey to give us greater detail on what Canadians want when looking for a mortgage and how they go about the process.We also now have more insight into important groups like millennials and first time buyers. Ultimately, our hope is to help Canadians get the most out of the mortgage shopping experience.”

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THE TORONTO REAL ESTATE BOARD’S MAY 2018 REAL ESTATE SALES STATISTICS

Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April.

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GENWORTH CANADA: “Making Homeownership Easier”

GENWORTH CANADA is… We Are Canada’s Largest Private Mortgage Insurer With A History Dating Back To 1995. Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making […]

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YOUR ULTIMATE GUIDE TO 2018 TORONTO REAL ESTATE PREDICTIONS!

EVERYTHING YOU WANTED TO KNOW ABOUT THE TORONTO REAL ESTATE MARKET IN 2018, BUT WERE TOO AFRAID TO ASK! THE LINE-UP IS OUT THE DOOR WITH PREDICTIONS AND FORECASTS FOR TORONTO’S 2018 REAL ESTATE MARKET! It seems that every bank, newspaper, backwater economist and realtor has an opinion about the future! They’ve all been staring deeply […]

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TORONTO REAL ESTATE BREAKS ANOTHER RECORD FOR ALL-TIME HIGHEST SALES IN SEPTEMBER!

  11,083 – that’s the number of real estate sales were achieved for September 2020 – a new record for the month of September. The numbers are up by 42.3% vs. September 2019. And, even more amazingly, sales through the first nine months of 2020 are up by approximately 1% compared to the same period […]

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