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Thursday , 24 July 2014
  • New home sales soared in June: condo sales up 94 per cent

    New home sales soared in June: condo sales up 94 per cent

    New homes are selling at higher-than-average rates in the GTA, particularly in the City of Toronto. RealNet Canada Inc., the official source of data about the new-home market for the Building Industry and Land Development Association (BILD), reports 4,608 new-home sales in June. This was the third highest June in the last decade for new home sales in the GTA. In the low-rise category—single detached homes—sales were 84 per cent higher than one year ago, an increase that RealNet called “considerable.” Low-rise home sales were 24 per cent higher than the ten-year average. The jump in new home sales was even more remarkable in the condo category, virtually doubling compared to June 2013. Home buyers bought 2,588 new condos in June, a year-over-year increase of 94 per cent. New condo sales to date this year (January–June) totaled 10,989, putting them 19 per cent higher than the ten-year average (9,408). It ... Read More »
  • Building green makes sense on so many levels

    Building green makes sense on so many levels

    If there’s one thing we can all agree on, it must be that more green space in the city is a good thing. The ecological, environmental, economic and cultural benefits of urban green space are too numerous to list here, but the most obvious social benefits bear repeating: parks and public green spaces, no matter how small, provide places for people to meet, play, rest, be silent or gregarious, think, take part in their community life and just enjoy. A recently completed seventeen-year study of 5.000 households in Britain found that living near green space in a city was good for people’s mental and physical health. Other studies have shown that greener neighbourhoods are safer, and that property values tend to be higher than in neighbourhoods that lack trees and parks. It’s safe to say that without parks, cities would be, quite simply, unlivable. Luckily for Torontonians the city has ... Read More »

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