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Oil prices may be wreaking havoc on real estate in Alberta’s two biggest cities, but Toronto’s market is still humming.

January sales figures released by the Toronto Real Estate Board (TREB) on Wednesday show sales and prices growing throughout the Greater Toronto Area (GTA) in January, compared to the previous year.

The GTA saw 4,355 sales last month, compared to 4,103 last year (a jump of six per cent), with the average price rising from $526,965 to $552,575.

The City of Toronto (referenced as the “416” area code) accounted for 1,561 of those sales, while the rest of the region (shown as the “905” area code) saw 2,794 homes sold.

New listings in the GTA also grew 9.5 per cent year-over-year, from 8,762 to 9,596.

TREB president Paul Etherington said in a news release that the figures show positive news on a number of fronts.

Read More: http://www.huffingtonpost.ca/2015/02/05/toronto-real-estate-calgary-edmonton_n_6617900.html

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Economists largely predicted that Toronto’s housing market would be the main winner from the downturn in oil prices and rock-bottom interest rates and so far the region’s housing market is proving them right.

Home sales in the Greater Toronto Area rose 6.1 percent in January compared to a year earlier, according to new figures from the Toronto Real Estate Board. Average prices jumped 4.9 percent even as the region saw a spike in new listings, which rose 9.5 percent compared to a year earlier.

It’s the second month of strong growth for the region’s housing market even as winter is considered the slowest time of year for home sales. December sales rose by nearly 10 percent compared to a year earlier while average prices were up 7 percent.

Read More: http://www.bnn.ca/News/2015/2/4/Torontos-housing-market-gets-off-to-surging-start-in-2015.aspx

 

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We’re getting richer – and the biggest money maker is our homes, says a new Statistics Canada report.

The median net worth of Canadian families of two or more people was $243,800 in 2012 — up 44.5 per cent from 2005 and almost 80 per cent more than the 1999 median of $137,000, adjusted for inflation, the Survey of Financial Security shows.

The overview of Canadians’ financial footing, released Tuesday, also showed that overall debt grew at a faster pace than assets. But because assets are far larger than debt, net worth still increased.

Read More: http://www.thestar.com/business/personal_finance/2014/02/25/real_estate_making_us_richer.html

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Canada’s crime rate continued to fall last year, with the homicide rate dropping to the lowest level in 46 years.

Statistics Canada said the overall police-reported crime rate decreased 3 per cent, reaching the lowest point since 1972. The reduction was largely due to declines in some of the most common offences – from mischief to car theft.

Read More: http://www.theglobeandmail.com/news/national/canadas-crime-rate-drops-with-homicides-at-46-year-low/article13416456/

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House sales across the GTA reached their highest levels in July for that summer month since 2009, with a 16 per cent surge in sales.

It was the third best July for sales on record, says the Toronto Real Estate Board.

The average selling price also spiked, up eight per cent to $513,246, largely based on sales of low-rise homes, according to figures released Friday by TREB.

Read More: http://www.thestar.com/business/real_estate/2013/08/02/toronto_real_estate_sales_soar_in_july.html

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The federal government announced new regulations on Wednesday that target organized crime in Canada by designating several “signature activities” of criminal groups as serious offences.

The crimes now designated as serious offences include:

  • Keeping a common gaming or betting house.
  • Betting, pool-selling and bookmaking.
  • Committing offences in relation to lotteries and games of chance.
  • Cheating while playing a game or in holding the stakes for a game or in betting.
  • Keeping a common bawdy-house.
  • Various offences in the Controlled Drugs and Substances Act relating to the trafficking, importing, exporting or production of certain drugs.

Read more: http://www.cbc.ca/canada/nova-scotia/story/2010/08/04/tories-organized-crime-nicholson.html#ixzz0vk4Q4jKS

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The volume and severity of crime reported to police across the country dropped again last year, continuing the downward trend seen over the past decade, reports Statistics Canada.

Nearly 2.2 million crimes were reported to police in 2009, about 43,000 fewer than in 2008, according to a report released Tuesday.

Read more: http://www.cbc.ca/canada/north/story/2010/07/20/crime-statistics020.html#ixzz0uKjJll3h

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