LATEST NEWS AND REPORTS

Tight Market Drives Double-Digit Price Growth

Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS system in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011.

Bank of Canada keeps interest rates on hold - April 2012

The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on April 17th, 2012. While this was the 13th consecutive policy meeting in which borrowing costs have been left unchanged, it was the first time since last September that a policy announcement has included a reference to the possibility of a rate hike.

Tight Market Drives Strong Q1 Rent Increases

Greater Toronto REALTORS reported 3,804 leased condominium partment transactions in the first quarter of 2012, up 11 per cent from the 3,442 units rented during the first three months of 2011.

Supply challenges lift Toronto home prices

The appetite for real estate in Toronto has continued to grow, but supply is lagging behind, putting upward pressure on prices, according to the latest stats.

Source: Canadian Real Estate Wealth.