Luxury home sales plummet 58% in Toronto as high-end sector hit hardest in slump

Luxury home sales plummet 58% in To [...]

Sales of luxury homes in the Toronto area were hit hardest by the slump in real estate during the past two months, with the number of high-end detached houses sold plummeting even as prices nudged up. Sales of homes worth more than $3 million fell 58 per cent between Jan. 1 and Feb. 28 with […]

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Toronto home sales plummet 35% from a year ago as new mortgage rules bite

Toronto home sales plummet 35% from [...]

Home sales in the Greater Toronto Area plunged 34.9 per cent in February compared to the same month a year ago as buyers adjusted to new mortgage rules and government policy interventions, the Toronto Real Estate Board (TREB) said. Prices tumbled too, with the average sales price for all housing types falling 12.4 per cent […]

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Ontario regulator probes cryptocurrency use in real estate

Ontario regulator probes cryptocurr [...]

Ontario’s real estate regulatory body, the Real Estate Council of Ontario (RECO), is raising serious concerns about whether brokerages should be allowed to facilitate transactions in cryptocurrencies such as bitcoin. “RECO is currently reviewing the use of cryptocurrencies, such as bitcoin, in real estate transactions,” says Daniel Roukema, senior adviser, external communications at RECO. “The […]

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