MARYAM  SHADIAN

MARYAM SHADIAN

Sales Representative

HomeLife/Bayview Realty Inc., Brokerage*

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Provincial Budget Includes Economic Recovery Measures

On November 5, 2020, the provincial government announced details of its 2020 Budget and economic recovery action plan. Details on real estate related initiatives announced with the budget, including a new renovation credit for seniors and property tax reductions, are provided below. Full details on the budget announcement are available at the government’s site here.

TRREB Reaction

MARKET UPDATE

AS The Toronto Regional Real Estate Board says the record shows 10,563 homes sold in October, a 25.1 increase from October 2019 as the housing market recovers from spring’s COVID-19 slowdown.

The board says the average selling price for homes was $968,318 in October, 13.7 per cent higher than last October’s average of $851,877.

Canadian house prices climb more than 9% in April

The Canadian housing market continued to ride the coattails of seemingly unstoppable Toronto and Vancouver, with prices up 9.5 per cent nationally in April, year over year – but a far more reasonable 3.4 per cent when the country’s two hottest markets are factored out.

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