Real Estate News Headlines // April 8th 2016

Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines

The real estate markets in Toronto and Vancouver seem to set a record with each turn of the calendar. The question is, for how long?
Sales of existing homes in both cities made new records in March, according to data released earlier this week. Benchmark prices in Toronto grew 11.6 per cent year-over-year while the cost of a home in Vancouver surged 23.2 per cent climb in Vancouver.

Toronto real estate agent Elli Davis just closed a “bully offer” for $300,000 over a $2.65 million listing price, a type of deal she’s making more often in the busiest market she’s seen in nearly 30 years.
The increasingly competitive Greater Toronto Area real estate market is on pace for another year of record-breaking sales and double-digit price growth as buyers bid aggressively for the few houses on the market. Sales in the first quarter of 2016 rose 15.8 per cent from the opening three months of last year, according to the Toronto Real Estate Board.