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Thinking of Downsizing? This May be a Good Time

“On an annual basis, detached price growth of nearly 29% in September was more than double that of condo apartments at under 12%. The price differential between the two housing types at $818K in September represented a record high, growing by 81% (+$367K) compared to two years earlier.” . Source: ...

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Quote: Tight Market Conditions and Economic Recovery

“The tight market conditions across all market segments and areas of the GTA is testament to the broadening scope of economic recovery in the region and household confidence that this recovery will continue. A key part of future economic development in the GTA will be the ability to provide adequate ...

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Average Home Prices – Toronto, Pickering, Ajax, Whitby and Oshawa

Average home prices in Toronto, Pickering, Ajax and Whitby continue to compete for “first place”, as month-to-month one surpasses another only to be overtaken again. Toronto came out with the highest average home price in October. For Toronto, this is partly due to the continuing recovery of the condo apartment ...

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Quote: …”Demand isn’t going away.”

“ “The only sustainable way to address housing affordability in the GTA is to deal with the persistent mismatch between demand and supply. Demand isn’t going away. And that’s why all three levels of government need to focus on supply. The federal government has stated that collaboration with provinces and ...

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GTA REALTORS® Release October Statistics

“GTA REALTORS® Release October Statistics: TORONTO, ONTARIO, November 3, 2021 – Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down ...

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At What Price Will That Home Sell?

In a market in which homes are selling for hundreds of thousands of dollars above the asking prices, how is anyone supposed to anticipate the selling price of a home? In this blog post I explain how I form my opinion about a selling price, and how the process often ...

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