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Feb 9, 2007 - Linknet Real Estate News >>>

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Ontario real estate market outperforms predictions - According to a story by Linda Leatherdale in The Toronto Sun surprising developments over the last month or so indicate that the Canadian economy continues to be stronger than many experts predicted it would be.

First is the performance of the real estate market, especially in Toronto and the rest of Ontario. Prices of homes continue to increase, and even in a relatively hard hit area like Windsor price decreases are expected to be only about 1% in 2007.

Housing starts were also up significantly in January over December. The Toronto Real Estate Board reported that prices increased about 5% between December and January alone -- posting a 6% increase over last January. In spite of these increase prices Toronto REB sales hit a new record of 5,173 in January.