Toronto realtors boast of stronger spring market as bidding wars drive prices

Toronto realtors are boasting of a stronger Spring market as home sales and prices perk up from a depressed 2018.

Those stress tests helped slow the rapid pace of borrowing in Canada amid concerns over a debt and housing bubble. Of course, home type and location are still everything, and a detached home in Toronto’s 416 area code will still run you an average $1.3-million, which is actually down 1.6 per cent from a year ago.

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Greater Vancouver housing sales fall to 19-year low as benchmark price dips below $1-millionThe residential benchmark price, which slipped in June to $998,700, is an industry representation of the typical home sold in Greater Vancouver. It has declined month over month 13 consecutive times Chinese all going to toronto - that’s the aftermath Still got a long way to go. Foreign buyer ban in the works. Toronto needs to implement some taxes to cool off this market as well.
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