Jul
20
2009
Rotting in Toronto
Posted by: in Mortgage Loan News, tags: Excerpt, Financial Crisis, Garbage, Greater Toronto Area, News Sources, Real Estate Sales, Sales Volume, Toronto News, WorriesNews Sources wrote an interesting post today on
Here’s a quick excerpt
Garbage could be the least of coming worries. In the first 15 days of this month 4,437 houses sold in the greater Toronto area. That was a staggering jump of 27% over last July – when the world was bustling and we had no financial crisis. In the same two-week period, buyers paid, on average, $394,750 for each of those houses, up 4% from the same month a year ago. This is remarkable. Not only because real estate sales volume exploded by almost a third, not only because prices rose more th
Read the rest of this great post here




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