Toronto housing market sees strong sales, price growth in January

TORONTO - Housing sales in the Toronto area continued to post strong growth in January, with the number of deals up 8.2 per cent from the same month last year.

See Full Article

The Toronto Real Estate Board also says prices were up by 11.2 per cent, as measured by a benchmark price index.

The average selling price within the region was $631,092 last month, with the City of Toronto's average at $636,728 and surrounding areas averaging $627,871.

Toronto and parts of southern Ontario were among the hottest in Canada last year, surpassed only by the Vancouver area and the Lower Mainland region of British Columbia.

"It is clear that the handoff from 2015 to 2016 was a strong one," TREB president Mark McLean said in a statement.



Advertisements

Latest Economic News

  • Kushner tenants: We were pushed out for luxury condo buyers

    Economic CTV News
    NEW YORK -- The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn. Tenants say it started early in the morning and went on until nightfall, so loud that it drowned out normal conversation, so violent it rattled pictures off the walls. Source
  • Industrial building in Prince George, B.C., holds record for most airtight

    Economic CTV News
    PRINCE GEORGE, B.C. -- The Wood Innovation Research Lab in Prince George, B.C., appears to be nothing more than a modern cedar and black-metal building, but look past the cladding and you'll find an engineering feat that has earned it the recognition as the most airtight industrial building on the continent. Source
  • Hydro One again facing uncertain as board resigns for second time in 16 years

    Economic CTV News
    The future of Ontario's partially privatized utility is again uncertain after political intervention prompted the resignation of the company's board 16 years after another mass departure. Hydro One's 14-member board resigned en masse last week after the sudden retirement of chief executive officer Mayo Schmidt, labelled "the six-million-dollar man" on the campaign trail by Premier Doug Ford for his hefty compensation. Source
  • C'est la vie: Canadians still visiting U.S. despite trade flap

    Economic CTV News
    OLD ORCHARD BEACH, Maine -- The United States and Canada are engaged in a trade dispute, angering Canadians, but it doesn't seem to be having an impact on tourism. Not yet, anyway. In Old Orchard Beach, popular with Quebecers, innkeepers report that Canadian tourism remains strong despite the harsh words last month when Prime Minister Justin Trudeau vowed that Canada "won't be pushed around" and U.S. Source
  • Customers say scrapped cell phone fee was misleading, and some are even still paying it

    Economic CBC News
    Thought that annoying system access fee was a thing of the past? It turns out the saga isn't over. Some people are still paying the controversial wireless phone charge, even as a class action lawsuit targeting the fee makes its way to trial. Source
  • Customers say scrapped cellphone fee was misleading, and some are even still paying it

    Economic CBC News
    Thought that annoying system access fee was a thing of the past? It turns out the saga isn't over. Some people are still paying the controversial wireless phone charge, even as a class action lawsuit targeting the fee makes its way to trial. Source
  • Trucking industry facing driver shortage

    Economic CBC News
    People working in the trucking industry say a shortage of drivers is looming larger than ever and freight and logistics companies say they can't fill positions as fast as baby boomers are leaving them.Trucker shortage has industry scrambling, but lifestyle a hard sellCanadian trucking industry to face labour shortage unless it diversifiesMarc Decarie, company director of Lexon Transport, an Ottawa-based transport company, has more trucks than drivers. Source
  • Remember the system access fee? Some are still paying it even as class action lawsuit looms

    Economic CBC News
    Thought that annoying system access fee was a thing of the past? It turns out the saga isn't over. Some people are still paying the controversial wireless phone charge, even as a class action lawsuit targeting the fee makes its way to trial. Source
  • Greyhound replacements and plastic that detects E. coli: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Replacements for Greyhound For many Canadians, Greyhound is the only ride out of town. Source
  • Activist arrested at Trans Mountain protest in B.C.

    Economic CTV News
    CLEARWATER, B.C. -- A woman is in custody after a Trans Mountain pipeline protest in British Columbia's North Thompson Provincial Park Saturday morning. Kanahus Manuel, a spokesperson for the activist group Tiny House Warriors, was arrested by the RCMP after defying an eviction order from the BC Parks service delivered on Thursday. Source