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Real estate market news Mar 17th 2017

Toronto parents helping their kids enter the real estate market | HiBusiness

As the price of real estate continues to rise, parents are left with no other option than to help their kids enter the housing market. First-time buyers find it extremely difficult to save up for home down payments as home prices increase beyond their reach. Real estate agents are becoming more familiar with parents helping their kids pay for their new homes. According to Elan Weintraub, a director and mortgage agent with the brokerage Mortgage Outlet, the average price for detached homes in the Greater Toronto Area rose to $1,068,670 while condos were sold for $442,598 in January. These figures

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Home, condo prices continue to diverge

The two sub-markets for Laval residential real estate prices kept going their separate ways last month, with single-family home prices continuing to post strong gains and condominium prices still sinking.

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