Canada's Real Estate Continues To Shine Like Crazy Diamond

Today, I finally find something earthly befitting the song title “Shine On You Crazy Diamond” by Pink Floyd …

Toronto Home Prices Soar Nearly 8%, Vancouver Sales Also Up

The Toronto Real Estate Board says home sales for March totalled 8,081, up 7.2 per cent from a year ago.

The increase came as the board also reported the average selling price for the month was $557,684, up almost eight per cent compared with March 2013.

“With borrowing costs remaining low, and in fact declining, strong home ownership demand will continue to butt up against a constrained supply of listings,” said Jason Mercer, the board’s senior manager of market analysis.

The number of new listings for the month totalled 14,829 compared with 14,618 a year ago.

The Toronto sales results followed a report Wednesday that sales in Vancouver also picked up in March.

The Real Estate Board of Greater Vancouver said Wednesday there were 2,641 homes sold, up from 2,347 a year ago.

Read More http://www.huffingtonpost.ca/

Sale of the Week: the $985,000 Parkwoods-Donalda home that shows semis can be (relative) bargains

Sale of the Week: 139 Three Valleys DriveAddress: 139 Three Valleys Drive
Neighbourhood: Parkwoods-Donalda
Agent: Ecko Jay, Ecko Jay Realty Ltd., BrokerageBy the Numbers:• $985,000
• $375,000 in additions and renovations, approximately
• 2,000 square feet above grade
• 125 per cent of list price
• 9 offers
• 7 days on market
• 4+1 bedrooms
• 4 parking spaces and single garage
• 3 bathrooms

More @ http://www.torontolife.com/

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