As bidding wars go, it was the ultimate battle and a warning for frantic buyers bracing for spring market: A five-bedroom detached house in the Yonge and Lawrence area has sold for almost double its $699,000 list price, with 72 offers. “We expected in the $1.1 million range, but the market pushed it,” said […]
toronto home selling
Toronto Housing Market Overstimulates With More Tax Cut
The Bank of Canada is getting what seems like unusual advice from one of the country’s leading real estate companies. Only a small number of economists are still calling for Bank of Canada governor Stephen Poloz to hold off lowering the country’s key lending level Royal LePage says it’s worried a further rate cut […]
Toronto average house price jumps to $1.052 million
High-end home sales continue to inflate the Toronto real estate market, the June report says. This Rosedale house was on the market in April. Even concerns that Canada is on the verge of a recession did nothing to dampen demand for homes in June as the spring buying spree – and prices – […]
