6 Dec 2012

Toronto home prices up slightly, sales fall

Home prices in Toronto have slowed but are still up 1.6 percent since this time last year and home sales have fallen 16 percent during the same period of time, according to the Toronto Real Estate Board.

Business owners looking to supplement the expensive price of renting office space in Toronto should consider conducting business operations out a self storage unit.

“Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012,” said Ann Hannah, president of the Toronto Real Estate Board, the Toronto Star reported. "Some buyers pulled forward their decision to purchase, which has impacted sales levels in the second half of 2012.”

The land transfer tax required by the city is making many potential home buyers put off purchases, the source reported. 

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

Be Sociable, Share!

Related Articles [3]

5 Tips To Help You Downsize To A Smaller Home

December 15th, 2015
Sometimes life events bring with them the need or desire to opt for a smaller living space. Unfortunately – though not always – this entails either getting rid or moving...

Toronto home sales jump in July

August 5th, 2013
The latest report from the Toronto Real Estate Board showed that home sales in the greater Toronto area were up 16 percent in July on a year-over-year comparison, marking...

Home prices on the rise in Toronto

July 25th, 2013
A recent report from Remax Ontario-Atlantic Canada indicated that home prices in a number of Toronto neighborhoods are averaging more than $1 million.According to the report,...

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL