Library sees boom in e-book use — and print, too

It looks like e-books are easy reading. The Toronto Public Library is reporting that digital downloads from its site will hit 500,000 this year, double the number from 2010 and more than 10 times what they were in 2007. “This is a huge jump,” said Anne Marie Aikins, the library’s manager of community relations. “And… Read More

September off to good start for house sales

House sales across the GTA are off to a good start in the first two weeks of September, with sales up 25 per cent and listings up 14 per cent over the same period last year. The average selling price was $454,194, an increase of 11 per cent over the same period in 2010, according… Read More

BDC’s strong profit shows small businesses more financially healthy

The Business Development Bank of Canada posted a $347-million profit Monday for its fiscal 2011 year, boosted by the improving financial health of the small and medium-sized businesses it lends to. BDC’s strong profit comes as the bank provided less financing for its 2011 fiscal year (ending March 31). Clients borrowed a total of $3.3-billion… Read More

CREA raises outlook for 2011 home sales

OTTAWA—The Canadian Real Estate Association has revised upward its forecast for national home resales in 2011, citing stronger than expected activity and prices in the second quarter. CREA previously had forecast a one per cent dip in sales this year compared with 2010. However, CREA said Tuesday that the strong second-quarter performance and momentum going into… Read More

Market News: Second-best June for GTA condos, 905 keeps pace

‘I don’t know why I keep getting surprised.” So says Stephen Dupuis — president and CEO of the Building Industry and Land Development Association (BILD). That after another record month for new high-rise sales in June. With 3,027 new condo sales throughout the Greater Toronto Area, it was the second best June on record, and… Read More

CMHC profit soars in 2010

Canada Mortgage and Housing Corp.’s profits rebounded in 2010, even though it insured far fewer homes than it planned to. The federal crown corporation, which has come under more scrutiny since playing a pivotal role in the country’s housing market during the financial crisis, released its annual report on Thursday. The figures show that CMHC insured just… Read More

December 2010: Housing prices stay steady in The Beach during holidays

We hope you had a great time this holiday season. The real estate market here in The Beach, Leslieville, East York and Riverdale has just finished off a respectable year, especially considering the challenges it encountered this year. In December, the neighbourhoods in East York, The Beaches and Riverdale continued to sustain balanced markets where… Read More

November 2010: Housing market picks up in east Toronto

There seems to have been some last minute holiday shopping in the real estate markets in East York and The Beach, which rallied slightly in November. While the average Days on Market – the time it takes for properties to sell – has increased month over month in most east Toronto districts, median prices remain… Read More

October 2010: A respectable real estate harvest

Experienced real estate professionals and investors know that the autumn real estate market is often more active than the summer but less than the spring, and 2010 is turning out to be no exception. E01 (Riverdale, Riverside) was the most bullish thanks to very strong sales for semi-detached dwellings.  All other sectors in Toronto east… Read More

September 2010: Fall housing market makes modest gains

Slow but not low – that’s how we would describe the real estate market for September in east Toronto. Home sales rebounded slightly from a cool summer, which is inline with the seasonal market for 2008 and 2007 but well off the peak of 2009.  Prices remained fairly stable while the number of homes for… Read More