Greater Toronto REALTORS® reported 6,564 sales in July - a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002. Click here to read the full report.
Many Ontario property owners have received their 2009 property assessment from MPAC. The base date of valuation used for 2009 assessment is January 1, 2008. The 2008 value will form the basis of assessment from 2009 to 2012. Increases in value above the 2005 values will be phased in over the four (4) year assessment cycle (25% per year).
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Toronto Real Estate Board members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O'Neill announced on January 9, 2009. "Sales for the whole of 2008 were 74,552, compared to the 93,193 recorded in 2007, and the 83,084 recorded during the 2006." Read more