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Are there too many condos in Toronto? Real estate wiz Brian Persaud takes on this contentious issue


The following is a guest post by Brian Persaud, a Toronto based real estate agent, investor, analyst, TV show host, producer and author of the forthcoming book "Investing in Condominiums". He is a provider of Toronto condominium information and a good friend to the folks of BuzzBuzzHome. Read more

A day at the Beach in November? You better believe it! Beach Club Lofts holding exclusive preview event this weekend [PICS]


Those temperatures won't be going back up any time soon, so a day at the beach might seem like a "strange" concept at the moment.But it's not too hard to imagine spending a day at the Beach Club Lofts, the boutique residence by Zen Homes that's only Read more

We're feeling like nobility just looking at these new renderings from The Royal Collection


When you're searching for homes in a place like King City, we're guessing you might be looking for something with a hint of royalty. Well, this project by Zancor Homes registers pretty high on the royalty scale, so high in fact, that they simply named it The Royal Read more

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» canadian real estate association

CREA: Canadian home sales climb higher in December

Posted on January 16, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

Today we’re bringing you the latest stats released today by the Canadian Real Estate Association.

According to CREA, sales activity rose 1.8 per cent from November to December while annual activity totaled 456,749 sales for the year, up 2.2 per cent from 2010.

CREA also noted that the simultaneous increase in sales and new listings kept the national resale housing in balanced territory while the national average home price was up only 0.9 per cent on a year-over-year basis. This is the smallest increase since October 2010.

“The momentum in sales activity provides clear evidence that low interest rates continue to draw homebuyers to the housing market,” said Gary Morse, CREA President, in a statement.

“While buyers have become increasingly cautious, the hand off for sales activity going into the New Year suggests that Canada’s housing market will continue to benefit from low interest rates in 2012, and continue making a significant contribution to Canadian economic activity,” he continued. Read more

Toronto home prices are breaking records again… What else is new?

Posted on December 20, 2011 | buzzhomeblog Posted in DEVELOPMENTS, MARKET, ONTARIO | Leave a comment

According to figures released late last week by CREA, the average home price in Toronto reached $481,305 in November. That’s a new record average and it’s got the housing market back into sellers’ territory.

The Canadian Real Estate Association also noted that the November figure is 2.1 per cent higher than October’s average and, when seasonal fluctuations are taken into account, almost 10 per cent higher than the average GTA home a year ago.

The other big news is that November sales across the country were 7 per cent above the 10 year average for the month. This makes November 2011 the fourth busiest month in terms of sales on record. What makes this stat even more significant is the month is usually a slow time for sales. Read more