GTA home sales jump in October after Bank of Canada rate cuts: board Debt Guru

GTA home sales jump in October after Bank of Canada rate cuts: board

 Debt Guru

By Sammy Hudes The council said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent from 4,611 in the same month last year. Sales increased 14% from September on a seasonally adjusted basis. The average sales price increased 1.1% from a year earlier to $1,135,215. The composite reference price, … Read more

Montreal real estate market hits record sales in October Debt Guru

Montreal real estate market hits record sales in October

 Debt Guru

The Montreal census metropolitan area (CMA) recorded growth in all property types: sales of condominiums increased by 47%, single-family homes increased by 44% and plexes increased by 34%, bringing the transaction levels at pre-pandemic peaks. Lower interest rates have sparked renewed buyer interest, allowing more buyers to qualify for a mortgage and boosting demand, according … Read more

Calgary sees sales of homes over $600,000 increase and low-end supply tightens Debt Guru

Calgary sees sales of homes over 0,000 increase and low-end supply tightens

 Debt Guru

Written by Steve Huebl• November 2, 2024• 11:49 a.m.• Regional • Views: 376 Sales of Calgary homes priced above $600,000 brought October’s total to 2,174 units, matching last year’s figure and beating long-term monthly averages by 24 per cent. However, sales were up more than 8 per cent from September, reflecting continued … Read more

Poilievre promises to abolish federal sales tax on new homes under $1 million Debt Guru

Poilievre promises to abolish federal sales tax on new homes under  million

 Debt Guru

By Nojoud Al Mallées He argued for the reduction in a six-minute video posted online, saying governments are partly to blame for high property prices because they charge too much sales tax. “The number one cost of a house is government: government bureaucrats, government taxes, government gatekeepers,” Poilievre said at a news conference in an … Read more