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Pre-Construction Condo Lottery|Toronto Real Estate |
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Pre-Construction Condo Lottery|Toronto Real Estate |
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| Toronto Condo developers are turning to old tricks to ensure buyers demands are met fairly.A new Condo development, River City, in the West Don Lands neighbourhood elected to draw names in a pre-construction lottery to determine who had first choice on floor plans. |
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November Toronto Resale Housing Report|Toronto Real Est |
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November Toronto Resale Housing Report|Toronto Real Estate |
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| Toronto Realtors reported upbeat sales of 7,446 homes and condos in Toronto and the GTA for November, 2009. The results for Toronto MLS resale homes were more than double the sales of November, 2008. |
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Building Permits Rise|Toronto Real Estate |
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Building Permits Rise|Toronto Real Estate |
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| Toronto building permits were up 42 per cent in October according to a report by Statistics Canada.The federal agency reported contractors took out $1.042 billion worth of permits compared to $733 million in September. |
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Housing Starts Fall Sharply|Toronto Real Estate |
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Housing Starts Fall Sharply|Toronto Real Estate |
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| Toronto housing starts fell sharply by 25 per cent in November from a month earlier according to a report from Canada Mortgage and Housing Corporation. Seasonally adjusted and annualized Toronto housing starts hit 25,000 units compared to 34,200 in October. November's Toronto housing starts moderated after three straight months of increases. |
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Re/Max Forecast Hot Real Estate Market 2010 |
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Re/Max Forecast Hot Real Estate Market 2010 |
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| Re/Max announced recently that the Canadian Real Estate market will move into the new year with enough momentum to push prices of a home to a record high.The forecast released by Re/Max expects total Canadian home sales to top 465,000 units, up 7 per cent from 2008. The average price for a home is estimated to jump 5 per cent to $318,000. |
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Housing Markets Renewed Growth|Toronto Real Estate |
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Housing Markets Renewed Growth|Toronto Real Estate |
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| December was a very good beginning for Toronto Real Estate with positive news of the Canadian economy growing and encouraging employment numbers. The Toronto Real Estate Board also reported positive results for the month of November with home sales up 105 per cent from a very depressed November 2008. |
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November Home Sales In Canada up 73 Per Cent|Toronto Re |
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November Home Sales In Canada up 73 Per Cent|Toronto Real Estate |
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| Home Sales across Canada increased by 73 per cent in November from the same time a year ago.Ontario and Quebec resales hit new monthly records as buyers took advantage of record low interest rates on mortgages.It seems that the monthly home sales are increasing just as fast as they headed downward in 2008. |
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Mid-Month December Resale Housing Report|Toronto Real E |
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Mid-Month December Resale Housing Report|Toronto Real Estate |
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| Toronto Real Estate agents reported a strong broad based recovery in existing home sales in the first two weeks of December, 2009.Resale transactions on the Toronto MLS system were 3,079 homes sold compared to 1,487 sold in the recession month of November, 2008. |
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Toronto Condos Transform Neighbourhoods|Toronto Real Es |
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Toronto Condos Transform Neighbourhoods|Toronto Real Estate |
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| Record Condominium sales in Toronto during 2007 will result in buyers arranging 47,000 new move in dates for 2010 and 2011. According to RealNet Canada, the best years in the Toronto and Greater Toronto Area (GTA) saw 15,000 Condo units available for occupancy but over the next two years 47,000 suites will be completed, with 27,000 of them scheduled for 2010. |
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Toronto New Home November Sales Defy Expectations |
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Toronto New Home November Sales Defy Expectations |
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| Toronto New Home sales continue to defy all expert predictions recording across the board gains in both low-rise and high-rise jumping 156 per cent from November 2008.Sales of new Condominiums in Toronto were up 117.2 per cent from a year ago and the Greater Toronto Area reported an increase of 134 per cent for high-rise Condo suites. |
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Residential Housing Prices|Toronto Real Estate |
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Residential Housing Prices|Toronto Real Estate |
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| Residential Real Estate prices have gained 20 per cent helping Canada out of recession. The Finance Minister is now warning he will step in with measures to cool off the hot Real Estate markets by tightening rules for borrowing, increasing minimum down payments and shortening the duration of mortgages. |
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Condominiums For Families|Toronto Real Estate |
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Condominiums For Families|Toronto Real Estate |
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| An typical Toronto Condominium averages about 600 square feet in size and as a result, is just too small for families. According to Canada Mortgage and Housing Corp. half of the 117,500 units constructed in the first 11 months of 2009 were multi-family units. |
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Home Prices Rise|Toronto Real Estate |
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Home Prices Rise|Toronto Real Estate |
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| A recent Real Estate report showed Canadian home prices rose for the sixth consecutive month in October. The Teranet-National Bank resale home price index of major markets is based on homes that have sold at least twice rather than other reports that survey all resale homes. In fact the Toronto Condo market has many Condos selling for the first time ... |
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