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The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

While some economists are predicting a “glacial” market for the next few years in Toronto, this frostiness isn’t apparent in market indicators — and a significant number of experts disagree. With the average price for detached homes at $968,494 (as of August, TREB numbers), condominiums nudged past half-a-million ($507,841 for August 2017), urged upwards by… Continue Reading

RECO announces new education provider for Ontario realtors

RECO announces new education provider for Ontario realtors

The Real Estate Council of Ontario (RECO) has announced the winner of its RFP for a new Registration Education provider. The regulatory body will inaugurate its new program for salespersons beginning in 2020, ending its long-standing relationship with the Ontario Real Estate Association (OREA) which has provided the service through its Real Estate College for… Continue Reading

Mortgage lenders report declining business as new regulations take effect

Mortgage lenders report declining business as new regulations take effect

For several years now, well before the latest federal government moves to restrict Canadians’ access to residential mortgages, observers, including the International Monetary Fund, have worried that cracking down on Canada Mortgage and Housing Corporation insured mortgages would simply push Canadians into the uninsured mortgage market. While uninsured mortgages are perfectly legal—a buyer must have… Continue Reading

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