Blog - Bungalows For Sale in Toronto, The GTA & Beyond | JustBungalows.com™

TORONTO & GTA BUNGALOWS FOR SALE

  Andrew 416-391-3232 

Bank of Canada raises benchmark interest rate twenty-five basis points; sees housing market as having "stabilized".

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Bungalows in Toronto & the Greater Toronto Area continued to be popular for many different types of Buyers including those downsizing; first-time Buyers; and contractors looking for projects to renovate/expand - but, as with other house styles, activity tended toward the middle price ranges..

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If you were selling a Freehold Bungalow in Etobicoke’s “Toronto W08” district, for example, on average you only needed 12 days to sell, and it sold for 101% of asking. That Central Etobicoke area saw 23 Freehold Bungalow sales reported at an average of $1,103,910 and 48 New Listings. In comparison, the same Bungalow up in Aurora took 65 days to sell [yeah…we went back & double-checked that!] and went for 95% of asking at a sale price of $1,368,667. Six were sold, and there were 30 newly listed.

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Not only are some market segments and geographic areas still very active, but that Days-on-Market number, for example, is still quite low: A long-term average time to sell a house is probably more in the 30 to 40 day range. As we’ve pointed out here for some time...

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Toronto, Ontario - April 4, 2018 – Was March, 2018 the Toronto & GTA housing market catastrophe some have called it? Hardly. More like getting back to normal...

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Toronto, Ontario - March 6, 2018 – the Toronto Real Estate Board today released its monthly MarketWatch Chart - Toronto & GTA Home Sales & Average Price by Major Home Type 2018-02publication showing that 5,175 home sales were reported in February by its member Realtors® through TREB's MLS® system. That figure represents a 34.9% drop versus February 2017. It should be noted that February 2017's 7,955 sales was a record for February.

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Toronto - February 5, 2018 - Greater Toronto Area Realtors® released the January, 2018 residential resale property stats today showing - as had been widely anticipated - an accross-the-board drop in the number of sales reported through the Toronto Real Estate Board’s MLS® System. Overall, including all TREB areas and all home types, sales were off 22% compared to...

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Toronto, Ontario, January 3, 2018 - Toronto and Greater Toronto Area Realtors® today released their MarketWatch statistical publication for the month of December, 2017 showing that the trend of recent months remained - more or less - intact: A softening market with rapidly rising inventory of available properties. 2017 - as far as residential real estate went - came in like a lion and went out like a lamb. Further, with the government’s widely publicized “mortgage stress...

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Toronto, Ontario, December 5, 2017 - aside from the 13.3% drop in the number of homes sold in November compared to the same month a year ago - driven largely by the 19.1 % drop in  sales in the Detached group - two numbers in particular pop out of the Toronto Real Estate Board's MarketWatch  statistical report released today by President Tim Syrianos showing the residential MLS® results for November, 2017: 1. A massive spike in inventory: the 18,197 active listings

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  • Andrew Gibson
  • 02 November 2017

Toronto, Ontario, November 2, 2017 - The Toronto Real Estate Board’s monthly stats report, “MarketWatch” was released this morning showing that Toronto & Greater Toronto Area Realtors® reported, via TREB’s MLS® system, 7,118 residential transactions in October - a slight moderation of the recent trend of much lower sales volume on a year-over-year basis. Looking back to March, YoY sales volume was up 17.7% to 12,077 units. By April,...

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