Over The Hump

Toronto’s October results showed signs of life as transactions were 37% higher than last October’s.  Prices were up for freehold properties while condo prices were slightly off from a year ago. Transactions were up as the Bank of Canada lowered the key overnight rate for the 4th consecutive meeting with the most recent decrease of 0.50%…

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Stalemate

Toronto’s August market continued to be sluggish.  Sales were down 9% from a year ago. Overall prices dropped –  lead by the slumping condo market that has more than 6 months of inventory.  New listings were lower than a year ago as many homeowners anticipated another reduction in the September interest rate announcement – which…

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