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- Toronto home prices reached a record in 2020, with the COVID-19 pandemic driving demand for larger homes and low rates making it easier for people to afford them.
financialpost.com/real-estate/toronto-housing-market-ends-2020-on-strong-note-as-condo-sales-rebound
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- Ditching The City, Moving to Durham Region
- 'Everyone Wants A Home Office and Big Kitchen'
- Renovations Up Across Ontario
- Condo Sales Could Start to Rebound
Less popular areas that were once considered affordable experienced some of the biggest booms, says John Pasalis, president of Realosophy Realty Inc. He's been tracking pandemic trends and says home prices in Durham Region went up 23.9 per cent between November 2019 and November 2020. A single-family home now costs about $150,000 more than it did l...
Low borrowing rates, says real estate agent Andrew Ipekian, are pushing people's dollars further. That means more families are shopping for larger homes with extra bells and whistles, things they may not have considered before because they weren't practical or out of their price range. 1. Bank of Canada keeps rate steady at 0.25%, maintains pledge ...
"With people spending more time at home... we saw a 28% increase in the number of renovation permits this year as people invested in making improvements to their homes," said Nicole McNeill, MPAC's president and chief administrative officer. Toronto's once-soaring condo market is the sector that has seen a decrease in sales and prices. Experts poin...
As the COVID-19 vaccine is rolled out and more people head back to the office, experts believe the condo market will rebound. In fact, it may already be happening. "We're starting to see demand from investors jump into the market right now and that could slow down that downward trend we're seeing right now," said Pasalis. Ipekian agrees, saying wha...
Jan 6, 2021 · Despite the pandemic, home prices hit a record high of $929,699 last year, according to new numbers from the Toronto real estate board. Unit sales jumped up too.
Jan 6, 2021 · TORONTO -- The Toronto Real Estate Board says the average price of a home sold last year hit a new record as the number of sales climbed 8.4 per cent compared with 2019. The board says the...
In Toronto, the pace of residential property price growth in 2020 (+8.4%) was over twice that in 2019 (+2.9%). The first half of 2020 saw condominium apartment prices go up 9.1%, while house prices rose 3.4%.
Toronto home prices reached a record in 2020, with the Covid-19 pandemic driving demand for larger homes and low rates making it easier for people to afford them.
Jan 6, 2021 · TORONTO — The average price of a Toronto home sold last year hit a new record as the number of sales climbed 8.4 per cent compared with 2019, the Toronto Real Estate Board said.
