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Toronto home sales and prices up from last July, down from June: TRREB

TORONTO - The Toronto Regional Real Estate Board says July's home sales, listings and prices edged up from the same time last year, but activity looks to be slowing in the face of higher interest rates. The Ontario board revealed Thursday that sales across the market reached 5,250 last month, up 7.8 per cent compared with July 2022. Paul Baron, the board's president, saw the increase as a sign that...

Should you rent or buy in the Greater Toronto Area?

The Bank of Canada’s most recent interest rate hike may have some homeowners in Toronto recalculating their finances while renters wonder what this means for their future monthly payments. On Wednesday, the Bank of Canada (BoC) raised its policy interest rate by 25 basis points to five per cent, pushing it to its highest level since 2001. This means higher payments for variable-rate mortgage...

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