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Drop Registered in House Sales in January

Home sales in January went down by 2.9% as major markets continued to grapple with tight housing supply, according to the latest figures from the Canadian Real Estate Association (CREA). The seasonally-adjusted decline in the overall market activity was primarily due...

Prices in the GTA could Increase Rapidly

The real estate market in the Toronto metropolitan area could witness a rapid increase in home prices this year, according to the latest forecast from Royal LePage. During the fourth quarter of 2019, the region recorded an increase of 4.8% in aggregate housing prices...
Toronto proposes Budget to keep Property Tax in line with Inflation

Toronto proposes Budget to keep Property Tax in line with Inflation

Property tax in Toronto should only increase in line with inflation in 2020 if the staff-recommended budget for the city is approved. The tax-supported operating and capital budgets for 2020 will be reviewed and debated by Budget and Executive Committees before being...
Steady Rates for New Construction Registered in November

Steady Rates for New Construction Registered in November

The residential real estate market in Canada registered a slight increase in housing construction in November, according to the latest report from the Canadian Mortgage and Housing Corporation (CMHC). There were 219,047 units that began construction in the month,...