Toronto Real Estate Roundup May 13th 2011

John Pasalis in Real Estate Roundup   

CREA raises forecast

Strong sales of multi-million dollar homes in Vancouver have led the Canadian Real Estate Association to hike their forecast for the year.  Average prices are expected to rise 4% to $352,500, a significant increase over the previous forcast of a 1.3% increase in prices.

Realtors raise forecast (Toronto Star)

CREA hikes forecast for home prices (Globe and Mail)

CREA’s 2011 forecast: A history (Steve Ladurantaye)


Other Real Estate News

Housing construction not too hot, not too cold - pdf (TD Economics)

A Redesigned Urban Toronto (Torontoist)

No new mortgage rule changes: Flaherty (National Post)

Home ownership isn't for everyone (CTV)

Rosy outlook raises housing prices (Toronto Star)

Some homeowners at mortgage tipping point (Toronto Star)

The battle is on to save the Fort York bridge (Globe and Mail)

Got a mortgage question? Ask us (Globe and Mail)

John Pasalis is the Broker Owner of Realosophy Realty Inc in Toronto. Realosophy focuses on researching Toronto neighbourhoods to help their clients make smarter real estate decisions. Email John

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