• Skip to main content
  • Skip to after header navigation
  • Skip to site footer

Canuck🍁Post

Critically O Canada

General

  • Home
  • Canuck🍁AI
  • Search
  • Archives
  • Articles
  • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
Coming Soon

Categories

  • Archives
    • All Articles
  • Featured
  • Scandal
  • Realty
    • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
  • Canuck🍁AI
    • Contact
    • Search

Newsletter

Coming Soon.

* We don’t do spam, just the latest news. Sign up today and get our top stories delivered straight to your inbox.

  • Archives
    • All Articles
  • Featured
  • Scandal
  • Realty
    • Canadian Real Estate News
    • Market
    • Mortgage
    • Toronto
    • Vancouver
    • Legal
    • Improvement
  • Canuck🍁AI
    • Contact
    • Search
Realty

Real estate: hot or not?

March 8, 2014 3:44 pm
Crisis

You bet it’s burning hot …

Shortage of new listings fuelling desperation among Toronto home buyers

The reason is simple: New listings for houses have been below historic norms yet interest rates have remained so low, more people are looking to buy.

A home-buying report released Wednesday found that the appetite for bidding wars is highest in Toronto: 44 per cent of those surveyed said they would get into a multiple-bidding situation.

House sales were up just 2.1 per cent in February, year over year, but prices jumped 8.6 per cent as buyers battled bitter weather and a shortage of new listings in what even many realtors are concerned is a worrisome new level of desperation to buy a house in Toronto.

The average sale price was $553,193 in February, up from $509,396 a year ago.

Just this week, the battle lines were tightly drawn on an up-and-coming street in the Coxwell and Danforth area where a renovated semi-detached house, listed for $549,000, drew a stunning 25 bids. The Rhodes Ave. home went for $717,336, almost $170,000 over the asking price.

More @ The Star

 

You May Also Like…

Canadian Real Estate Prices Fall To Lowest Level In 4 Years: May home sales down 4.3 per cent from year ago, but activity up month-over-month… Is this the start of a severe Economic Downtown?

Trudeau: “Trump wanted a total collapse of the Canadian economy, because that’ll make it easier to annex us.” and the best Ford could do is to cut off Electricity… Canada just got Zelenskyed

Bonnie Crombie announces ‘F Trump Fund,’ Canada can’t strip Elon Musk of Citizenship, and Tariffs Deferred to April 2

Canada: Areas and suburbs to call home in the city of Toronto

Previous Post:House prices march towards heaven in Toronto and Vancouver
Next Post:Fairy Tales of Canada the Condoland

Copyright © 2025 · Canuck🍁Post · All Rights Reserved