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Toronto Real Estate In Review

The Toronto Real Estate Board pegged the median price of a home at $366,000 last month. That figure is a 3.4 per cent increase over the November 2009 median of $353,800. The median is the point at which half the homes cost less, and half cost more. It is considered less distortion-prone than the average price.

Skip back one year. As 2009 wound down, homeowners could crow about their properties having increased by 13.4 per cent, as the median price in November 2008 was $312,500.

Toronto elected a new mayor on Oct. 25, and Mayor Rob Ford has vowed to eliminate the Municipal Land Transfer Tax (MLTT), which is charged on real estate transactions. For example, a home with a consideration value of just over $500,000 would pay a total MLTT of $5,725.

CTV on Toronto real estate »

January 3, 2011 | Permalink

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Comments

Very nice and informative blog. I learn a lot thing from your blog. I was looking similar type of information. You blog is really very useful. Thanks for sharing

Posted by: course in real estate | Mar 4, 2013 7:56:56 AM

If that is true, real estate business in Toronto will get a positive sales this year.

Posted by: Philippine real estate | Jan 10, 2011 3:58:31 AM

What self serving propaganda. You realtors are true scum. Canada = GREATEST HOUSING PONZI in the whole world. Soon to crash. When it crashes realtors better hide.

Posted by: George | Jan 6, 2011 1:05:49 AM

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