GTA home sales and prices see double digit September gains

Toronto home prices and sales continued to hit records in September as pent-up demand and historic low borrowing costs pushed prices up 14 per cent to $960,772 across all housing types, including condos.

The number of transactions also soared 42.3 per cent year over year, said the Toronto Regional Real Estate Board (TRREB) on Tuesday.

It reported the biggest gains in the 905 areas surrounding the city, with single-family homes leading the growth.

Detached houses were the region’s hottest selling properties, going for 12.9 per cent more compared to last September at an average of nearly $1.2 million.

The 905 communities saw a 63.6 per cent increase in the number of detached home sales and a 16.9 per cent gain in the average selling price to over $1.1 million. Detached houses in the city of Toronto sold for about $1.5 million on average — 9.4 per cent more year over

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Councils pay care homes DOUBLE to take Covid patients

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Care home chiefs fear deadly mistakes made at the peak of the coronavirus pandemic risk being repeated as councils offer them extra cash to take Covid-positive hospital patients.

More than 15,000 people died of the virus in care homes earlier this year, according to official figures, after it was reported that many elderly residential facilities were flooded with Covid-19 patients returning from hospital.

Now, despite a Government pledge to place a ‘protective ring’ around vulnerable residents, care homes in Cumbria are being offered £1,500 – double the local weekly fee – to take Covid-positive patients from hospital.

Birmingham city council has been offering £1,000 incentives for months while Morecambe Bay clinical commissioning group wrote to care homes offering them extra cash only last month.

Trafford council in Greater Manchester has also warned care homes to ready themselves for a fresh wave of hospital

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