Archive for October, 2008

West Toronto Neighbourhoods section updated

Tuesday, October 21st, 2008

We are working hard on improving our West Toronto Neighbourhoods guide. Jill gives you her take on a number of her favourite areas of West Toronto, providing information on housing structure, top restaurants and even some best kept secrets.

We have also re-drawn and improved the maps showing the boundaries of the neighbourhoods. Our goal is to introduce you to each major West Toronto neighbourhood so check back regularly.

Resale in Toronto remains strong

Tuesday, October 14th, 2008
Dunning

Resale activity in the Toronto area remained strong in September, although with a large expansion of listings, price growth has slowed sharply, the latest edition of the Dunning Housing Market Digest reports:

"Expanded resale inventory is clearly hurting the market for new low-rise homes. I expect that there will soon be a slowdown for both Toronto and Canada."

Resale market activity dipped in August. August’s actual sales (6,318) equate to 77,300 seasonally adjusted.
The trend is close to the 80,000 level. In contrast to the health of the resale market, the new homes market has weakened very sharply this year. August actual sales (1,776) equate to 24,500 after seasonal-adjustment, which is the lowest monthly tally in 11 years, the Dunning report concludes.