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17th
Jan

Pressure on GTA renters intensifies

Posted by Ria Bharti on 04:13 PM

Those hoping to become first-time buyers in the Greater Toronto Area are under increasing pressure as soaring rents make saving for a downpayment tougher.

Urbanation says that the average condo rents in the last three months of 2016 rose 11.7 per cent compared to a year earlier with renters paying almost $2,000. The pace of rent increases was a sharp contrast t...



9th
Jan

TREB: GTA prices still being boosted by a hodgepodge of factors

Posted by Ria Bharti on 04:34 PM

Source:  Ephraim Vecina , Canadian Real Estate Wealth

The average home price in the Greater Toronto Area increased by approximately 20 per cent year-over-year in December (up to $730,472), and the city’s real estate board attributed this development to the cumulative effects of various economic and demographic realities.
 
“A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing str...





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