Monthly Archives: August 2015

Month: August 2015 Toronto Housing Market Overstimulates With More Tax Cut

The Bank of Canada is getting what seems like unusual advice from one of the country’s leading real estate companies. Only a small number of economists are still calling for Bank of Canada governor Stephen Poloz to hold off lowering the country’s key lending level Royal LePage says it’s worried a further rate cut might add fuel to some of Canada’s already red hot housing markets — a position that may seem at odds with a typical stance from realtors that all rate cuts are good because they make borrowing cheaper and bring more buyers into the market. “We believe

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Month: August 2015 Toronto average house price jumps to $1.052 million

High-end home sales continue to inflate the Toronto real estate market, the June report says. This Rosedale house was on the market in April. CHRIS SO / TORONTO STAR FILE PHOTO High-end home sales continue to inflate the Toronto real estate market, the June report says. This Rosedale house was on the market in April. By: Susan Pigg Business Reporter, Published on Tue Jul 07 2015 Even concerns that Canada is on the verge of a recession did nothing to dampen demand for homes in June as the spring buying spree – and prices – hit new records. Home sales

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Month: August 2015 Victorian Semi In Rosedale Sells Quickly

26 Dunbar Rd., Toronto ASKING PRICE $2,095,000 SELLING PRICE $2,075,000 PREVIOUS SELLING PRICE $1,400,000 (2002) TAXES $14,451 (2015) DAYS ON THE MARKET Seven LISTING AGENTS Sue Mills and Sarah O’Neill, Royal LePage Signature Realty The Action: During the slow summer season, Rosedale homes can take a month or two to move, putting several homes in competition with each other. But this semi-detached house spurred a dozen buyers to book showings and another 20 to attend the open house within the first week, which concluded with an offer the sellers accepted. What They Got: This heritage designed Victorian not only preserves

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