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Canadian Economy was never as dependent on residential real estate as now...

Friday Jan 15th, 2021

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Canadian Residential Investment Reached 9.43% Of GDP Residential investment has recovered much faster than other segments of GDP. Residential investment represents 9.43% of GDP in Q3 2020, up from 7.71% during the same quarter last year. This is not only the highest rate seen in at least 60 years, but it’s also very high for any country. For context, the U.S. residential investment peaked at 6.7% in 2006 during the housing bubble. The current rate in the U.S. is just 4.3%, having also... [read more]

Townhouse, Anyone?

Wednesday Jan 13th, 2021

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Voracious demand for detached houses returned to Canada’s housing market last year, and just as in years past, unlucky buyers settled for townhouses. “The reason the townhouse has become more popular than ever in the new construction world is, whether they’re traditional, stacked or back-to-back, they’re less expensive than detached homes, which average more than $1 million in the GTA” . “As a result of prohibitive pricing for detached... [read more]

Oakville's Mayor resigns from Police Board

Monday Jan 11th, 2021

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Mayor Burton resigns from Halton Police Board This afternoon I notified Halton Regional Chair, Gary Carr, of my resignation from the Halton Police Board.   Dear Chair Carr: I am resigning now as a member of the Halton Police Board, deeply regretful for my response to the chief's proposed trip, proud of what we have accomplished in my years as chair, and hopeful for the continued nation-leading success of the HRPS and its Board. I regret sincerely that I focussed at the time on... [read more]

Year 2020 Overview

Monday Jan 11th, 2021

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TORONTO -- If you’ve been sitting on the sidelines of the real estate market with a chunk of savings hoping for house prices to plummet, 2021 probably won’t be your year, Canadian real estate market experts say. The COVID-19 pandemic didn’t devastate Canada’s hottest housing markets the way some forecasters predicted. In fact, in cities like Toronto and Vancouver, fierce competition for detached houses meant back-to-back months of record-breaking prices. TORONTO:... [read more]

Burlington Field Hospital Built for COVID19 Patients Opens Its Doors.

Wednesday Jan 6th, 2021

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Joseph Brant Hospital’s Pandemic Response Unit is gearing up to receive its first COVID-19 patients this week amid escalating infections across the province. The structure — an all-season field hospital on the Joseph Brant property and the first of its kind in Ontario — is opening in response to the increased need for COVID-19 care and pressure on hospital capacity in Burlington and beyond. “The Pandemic Response Unit (PRU) was built to ensure... [read more]

Q3 Canada's Population Growth was at 74 year-Low, Stats Canada.

Monday Jan 4th, 2021

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Canada’s population grew by 2,767, or 0.0%, from July 1 to Oct. 1 of this year, according to Statistics Canada, representing a 74-year low. The 2,767 additions brought the country’s population up to an estimated 38,008,005, meaning there was hardly any growth, while populations actually declined in British Columbia, which lost 1,861 people, and Newfoundland and Labrador, where 1,105 people left. On the other hand, Quebec, Prince Edward Island, Manitoba, Yukon, and Alberta... [read more]

Average September Prices for Detached Homes in 905 area code

Tuesday Oct 20th, 2020

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1. Oakville: $1.754M 2. Richmond Hill: $1.494M 3. Markham: $1.391M 4. Woodbridge: $1.379M 5. Caledon:$1.317M 6. Misssisauga:$1.266M 7. Aurora:$1.245M 8. Burlington:$1.173M 9. Milton:$1.094M 10. Georgetown:$1.053M 11. Brtampton:$995K 12. Innisfil: $712K   Call Renee to Find a Hidden Treasure of a House!   [read more]

September Stats for Toronto Real Estate Board are here!

Tuesday Oct 20th, 2020

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The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year. Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth. [read more]

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