TREB President’s Column as it appears each Friday in the Toronto Sun’s Resale Homes and Condos section.
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December 4, 2009 — At a seminar I attended recently, the presenter, a foreign real estate professional, quipped that while other major housing markets are gradually emerging from last year’s economic slowdown, the Greater Toronto Area had only a six-month taste of the experience.
While key factors like historically low interest rates, relative affordability and pent up demand have all contributed to our remarkably quick recovery, another important factor is Toronto’s ranking as a world city. Our city has earned a prominent role on the world stage because of its many positive characteristics, which has translated into brisk sales throughout GTA. Read more…