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May 2020 Real Estate Market Update

Home prices are holding firm amid the COVID-19 pandemic, according to recent numbers released by the Toronto Regional Real Estate Board (TRREB). Prices in May regained the drop experienced in April, increasing year-over-year by 3% to $863,599 from $838,248. They…

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April 2020 Real Estate Market Update

Though home sales were hammered by restrictive measures on personal movement, prices remained steady during the first full month of spring. Greater Toronto Area (GTA) sales and new listings dropped 67% and 64%, respectively, year-over-year for all property types, the…

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Risks of Condo Purchase During the Pandemic

Living in a condominium building with shared facilities and tight spaces amid the COVID-19 outbreak presents a number of challenges. However, with less competition among buyers at this time, it may be an ideal opportunity to break into the Toronto…

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12 Ways Real Estate has Changed with COVID-19

Business has been anything but usual since the Ontario government deemed real estate an essential service amid the COVID-19 outbreak. While the decision brought a collective sigh of relief from the industry as it ensured buyers and sellers with a…

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March 2020 Real Estate Market Update

Despite the warming spring weather, the housing market continues to cool as real estate listings dry up amid the COVID-19 pandemic. Toronto home sales plummeted 27% the last two weeks of March, after both the federal and provincial governments announced…

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Stress Test Changes to Increase Buying Power

The busy spring home-buying season may be more frenzied as changes to the country’s mortgage stress test come into effect. Beginning April 6, Canadians applying for default-insured mortgages — those with less than 20% down payment on a new purchase…

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