East York housing prices poised to bounce back next year
East York’s housing market should be less volatile in the coming year, says a local real-estate agent.
real estate
East York real estate in strong demand
Despite the ups and downs of the Toronto housing market, demand for East York housing remains strong.
Silver Dollar Room receives heritage protection
Councillor Joe Cressy, of Ward 20, announced the Silver Dollar Room will close on May 1 for renovations, but will later open under heritage protection.
First-time home buyers to receive $4,000 tax break
The Ontario government will be moving the tax rebate up to $4,000 for first-time homebuyers.
Young homebuyers left behind in housing boom
Over the past few years, Toronto’s housing prices have inflated like a hot air balloon, leaving first-time buyers priced out of the market and experts concerned about the possibility of a crash.
New mortgage rules raising bar
New federal mortgage rules that came into effect on Monday may leave many first-time homebuyers in the dust. The federal government is trying to contain household debt and stabilize Toronto’s overheated housing market by cutting into the homebuyers’ purchasing power.
Average price of Toronto homes hits $1 million
For the first time in the city’s history, the average price of a detached home has reached a $1 million this year, according to the Toronto Real Estate Board.
Toronto rated top city for real estate investment
Toronto has been named the worlds top city for long term real estate investment by international property development firm Grosvenor.
DIY, traditional home sales both strong despite competition
Teresa Estevez took on the task of selling her Mississauga home privately after finding the price of hiring a real estate agent to be more than she’d anticipated. “I can’t afford to pay an agent right now because of the high commission,” she said. “We invested all of this money into the house. … If I was to get an agent, I would be losing [money].” She’s not alone.
East York real estate attractive
“What East York offers is more land,” said realtor Linda Ing-Gilbert. “There are lots of World War II bungalows with a lot of space. That can be hard to find.”