This Week in Real Estate: December 9th – December 15th.

This week in real estate: Megan Markle’s home is officially sold, what to expect for real estate prices in 2018, and why we saw a spike in last month’s home sales.

 

Unidentified buyer scoops up Meghan Markle’s former Toronto home.


A buyer has been found for the Toronto house where Prince Harry and Suits actress Meghan Markle spent time before announcing their engagement last month.

Real estate agent Alex Beauregard says the two-storey, three-bedroom house — which the future princess rented for two years — had drawn a lot of interest since it was listed last week, at $1.395 million.

Via The Star. Click for the full article.

This is what to expect for Toronto home prices in 2018.


After a spring of record-breaking prices, and a summer of plunging ones, Toronto’s housing market seems to have finally balanced out. The question is, will it last?

Not according to Derek Holt, head of capital markets economics at Scotiabank. “Toronto’s prices are down in year-ago terms, and will probably follow the pattern observed in Vancouver where prices are recovering from the immediate aftermath of the foreign buyers tax,” he writes, in a recent note.

Via BuzzBuzzHome. Click for the full article.

This is why Toronto saw a spike in prices last month.


After four straight months of declines, a major index tracking Toronto home prices is starting to climb. November saw Toronto’s unsmoothed Teranet National Bank Index jump 0.5 per cent.

“After a string of four declines, Toronto’s unsmoothed index rose in November, pushing the unsmoothed composite index in positive territory,” writes National Bank economist Marc Pinsonneault in a recent note.

Via BuzzBuzzHomeClick for the full article.

 

Header image via Forbes.

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