Each year, the Toronto Regional Real Estate Board (TRREB) grants scholarship awards to high school students pursuing post-secondary education. Starting this year, two new third-place awards of $2,000 and two new fourth-place awards of $1,500 have been added to the current two $5,000 first-place and two $2,500 second-place scholarships.
For those planning to buy new homes or condo preconstruction properties. Be aware. Builders in Florida are inserting two types of cancellation clauses: an escalation clause that says they can raise the home price if material costs go up significantly, or a duration clause that states the builder can cancel if they are unable to start construction within six months. Similar clauses relating to builder financing have also been used in Ontario in the past to cancel contracts. Be sure to raise these issues with your real estate agent and lawyer and have them review all contracts carefully before going firm.
Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.
There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent compared to 6,888 sales in January 2021. While sales were down substantially compared last year’s record result, the January 2022 result was the second best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022, but off the 2021 record.