Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday. The average price of an existing home in Canada is expected to surge 9-10 percent next year to about C$346,000 as sales climb to [...]

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New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today. There were 3,883 new homes and condos sold in [...]

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  A majority (63 per cent) of Canadian renovators plan to take advantage of the federal government’s home renovation tax credit this year and close to half (47 per cent) have done more renovations because of the tax break, according to a new RBC study. The survey, conducted by Ipsos Reid, also found that three [...]

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Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market, according to a report released by Royal LePage Real Estate Services. Eighty-six per cent of potential first-time buyers [...]

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Arista Homes announced this week that their new release of 48 semi-detached homes released on Saturday, Sept 12th sold out in under 5 hours.

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CNW-Sales of new high-rise condominium suites stabilized in August while sales of new low-rise (single-detached, semi-detached and town-homes) homes spiked by a dramatic 163 per cent, resulting in a 62 per cent increase in total new home sales, August over August, the Building Industry & Land Development Association (BILD) revealed today. According to RealNet Canada [...]

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The acquisition of Number One Bloor by Tuscany Ridge Developments Inc. – an affiliate of Toronto-based Great Gulf Group of Companies – becomes official today, paving the way for Toronto’s most prestigious address to soon boast a new landmark building. “We are very excited that we are able to bring our expertise in developing iconic [...]

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A report released today by RE/MAX confirms that entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada. The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, [...]

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