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Toronto suburb sets sales record

The total value of home sales nearly hit $1.5 billion last month - a 130.4% increase over March 2020, and the largest amount ever recorded for any month.

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Here’s how much monthly rental profit the average GTA condo earns

Sixty-three percent of investors in the GTA were cash flow neutral or positive last year, up from 56% in 2017. Investors who purchased presale condo units saw better cash flow than landlords who bought resale units.

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Benchmark price of Canadian home up $120,000 in March

In March, new listings set a record by reaching 1 million across Canada, a 7.5% increase from the month prior. Bidding wars were commonplace and inventories fell to their lowest in decades.

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Blog

Mississauga Food Bank sees demand for services rise 60%

The Mississauga Food Bank has had a 60% increase in people using its services since the pandemic began a year ago compared to the previous 12 months.

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Boutique mid-rise comes to Ontario’s wine country

"We’re finding a lot of couples are buying because they’re passing our site on their way to wineries and they say to themselves, ‘Oh my God, we can live here now.’"

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Canada sets sales record in February: CREA

According to the CREA data, new listings rose by 15.7% last month from January, and the sales-to-new-listings ratio is so high that everything available is selling.

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Roaring Canadian jobs market signals economic rebound

Statistics Canada released the February 2021 Labour Force Survey showing much stronger-than-expected job growth. Economists were pleasantly surprised by the rapid rebound.

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Markham readies for first condo launch in nearly a year

Joy Station Condos by Liberty Development is planning its first phase composed of two 22-storey towers containing over 500 units.

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Is 905 region in a housing bubble?

The word “bubble” has crept back into housing analysts’ vernacular lately, and looking at the 905 region, it’s not difficult to understand why.

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Federal government accused of worsening wealth inequality

"Everyone says low rates help people through lower payments. It’s beneficial for entrants when the mortgage rate is 1.5%, but prices rise incrementally to offset low rates."

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Bank of Canada holds policy rate at 0.25% and maintains QE program at current pace

Q4 growth came in at a surprisingly strong 9.6% annual rate—double the pace expected by the Bank.

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Montreal’s condo market remained hot in February

“Condominium sales compensated for the decrease in single-family home sales in February," Charles Brant, director of market analysis at the QPAREB, said.

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Canadian economy ended 2020 on an extremely upbeat note

Economic growth in the final quarter of last year was a surprisingly strong 9.6% (annualized). The surge in growth in January was even more interesting.

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