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On one hand, sellers and listing agents are loving this flurry of fruitful activity. They are obtaining record-setting prices for homes in record-setting times. Prospective homeowners hoping to buy, however, are faced with largely stressful, emotional experiences in which many end up empty-handed.
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The average price of a single-family home in suburban Toronto jumped by $108,000 in a month.
House prices rise as the population falls, and other fun factoids from Canada's senseless housing market.
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Where does your city rank?
An old saying rings true today, more than ever: drive till you qualify. But with the suburbs gaining speed in price appreciation, how far is too far?
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Interest rates are low, employment is high.
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A strong regional economy, low unemployment, and low borrowing costs kept home sales strong in the GTA, according to the real estate board's president.
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Skyrocketing home prices dominated the headlines in 2016, and it's no surprise that housing unaffordability remains the news of the day as we wrap up the year. Affordability has hit an eight-year low in the third quarter of 2016.
Would-be buyers are being forced to leave the cities they love.
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Something happened in Toronto's housing market over the past year that really shouldn't happen in a free market. As home prices shot through the roof, the number of homes being built in the city dropped dramatically. Vancouver seems to be experiencing a similar problem. So what's going on here? Why is the supply of housing not keeping up with demand, even though there is so much money to be made? The answer, according to a growing number of experts, is that local policies and public opposition to development are killing off home construction, causing home prices to skyrocket.
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Homeowners in the 905 have basically won the lottery.
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GTA house prices have doubled in eight years.
But gridlock and home prices don't help it much.
Prices up more than 17 per cent in a year.
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House prices have fallen 5.6 per cent in two months.
But you'll hear a different theory if you ask someone else.
Price growth shows no sign of letting up in Toronto.
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TD Bank sees a possible "soft landing."
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Owners can be forgiven for thinking they’ve won a real estate lottery.
Even homeowners are scared of the high prices out there.
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Toronto house prices jump 12% in a year.
City of Toronto
Canada's most dynamic cities are attracting talent and money, driving up house prices.
Real estate agent Matthew Pringle said the owners are just putting the $1 price out there to see what kind of potential it has.
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Even with the loonie's drop, Canadian houses are pricey by global standards.
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The party will end in the Toronto and Vancouver housing markets this year, TD Bank says in a new report. It's a party many say has gotten too rowdy: Home prices in Toronto are up 14 per cent in a year...
If this keeps up, it will cost $1.46 million to buy an average single-family home in the 905 by 2021.
Average selling price for all properties headed for $665,000.
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Prices this year could be "less frothy."
Prices have outpaced job and wage growth, realtor notes.
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"Demand for ownership housing is expected to remain very strong in 2016."
Affordability in Toronto worst since early 1990s Vancouver home sales soar 40% PIMCO sees '20% negative return' on housing in next 5 years The experts are increasingly saying Canada’s housing marke...
Toronto has the highest housing prices in relation to its rental rates in a new list comparing 26 other housing markets across the world, according to survey by the Economist. Canada joins Britain and...