In The News

The National Post writes on the seemingly nonstop growth of Toronto's housing market.  Despite predictions that the housing bubble might burst, Toronto house sales increased 11.1% from a year ago, maintaining Toronto's position as the largest housing market in Canada. 

 

"The country's largest housing market continues to post double digit year over year price increases—likely meaning the national average will get a boost when the figure is released by the Canadian Real Estate Association on Dec. 15."

 

"The Toronto Real Estate Association says the average price of a detached home in the 416 district climbed past the $750,000 mark. Detached home prices rose 12% from a year ago to $776,017. It's a little cheaper in the suburbs with the average detached home in 905 selling for $540,299, a 10% jump from a year ago."

 

"'We have seen strong annual growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the Greater Toronto Area,' said Richard Silver, president of TREB."

read full story here
original source National Post