New condo sales drop by 85% — but GTA prices hit record high
[ad_1] New condo sales in the GTA during the second quarter fell to their lowest levels since 2009, but prices and construction moved up, according to condo tracking market research firm Urbanation. In terms of new condo apartment sales during the second quarter — when the province was largely shut down as it grappled with […]
Toronto home prices soar 11 per cent on pent-up demand due to COVID-19
[ad_1] Toronto home prices continued to soar during the third quarter thanks to pent-up demand from the spring COVID lockdown, but the market is already starting to show signs of cooling off, according to a report from the country’s biggest real estate company. In the third quarter, the price of an average home in the […]
As telecommuters bolt to cottage country, Ontario vacation property prices are becoming ‘disconnected from reality’
[ad_1] Real estate agent Treat Hull compares purchasing a property in Prince Edward County this spring to buying toilet paper last March — they are pandemic purchases that take commitment and patience. He’s not alone. Across Ontario, but especially within a couple of hours’ drive of Toronto, agents say multiple offers and over-asking prices have […]
New homes set record in July with prices for single family homes up almost 30%
[ad_1] As the pandemic goes on, the price of new construction homes continued to hit records in July with single-family homes leading the way. The benchmark price in that category, including detached, semi-detached and townhomes, soared 28.4 per cent year over year last month to an average of $1.52 million. The condo benchmark also climbed […]
Toronto area home prices shoot up by another 13% as new listings suddenly plunge
[ad_1] Toronto area home prices continued to rise in August — up 12.6 per cent year over year to an average $1.1 million for all houses and condos — as new listings plunged an “alarming” 43 per cent in the same period, to the lowest level in a decade. “It is clear that the supply […]