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Residential: Total Residential Transactions were up by 28.5 % in comparison to the last year. In June 2020, there were 8,645 sales whereas in June 2021, there were 11,106 sales. Whereas Total Residential Transaction (seasonally adjusted) went down by 9.1 % in comparison to the month of May 2021. In June 2021, there were 8,885 sales whereas in May 2021, there were 9,770 sales. Average Selling Price went up by 17 % in comparison to the last year. In June 2020, the average selling price was... [read more]

Ever since homebuyers have stepped into the new year, they’ve been faced with new mortgage regulations that represent another setback on their way to home ownership. In addition to last year's price hike and the recent interest rate increases, buyers are now expected to qualify for a mortgage under the toughest stress tests so far, even those who can afford a 20% down payment. According to it, all mortgage applicants have to prove that they can qualify at a 2 percent higher rate... [read more]

After a few years of strong growth focused largely in the Middle East, a new generation of Islamic bank startups is setting its sights on the West. And as the wealth of Gulf countries swells with skyrocketing oil prices, more Western banks, including some Canadian banks, are looking to those pools of capital. Banks such as Citigroup Inc., Lloyds TSB Group PLC, Deutsche Bank AG and Barclays PLC are now offering services along Islamic finance lines. In the Muslim world, some have partnered with... [read more]

TORONTO, May 4, 2016 -- Toronto Real Estate Board President Mark McLean announced that Toronto Real Estate Board Commercial Network Members reported 306,003 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in April 2016.  This result was down from 811,123 square feet of space leased in April 2015. Following the historic norm, industrial properties accounted for approximately 70 per cent of the total space leased in... [read more]