Toronto Star A record 28,190 condos were sold across the GTA last year, up 24 per cent from the previous high set in 2007, says condo research firm Urbanation. While sales remained sky-high in the final quarter of 2011, at a record 7,226 units, the inventory of unsold suites has been creeping up. As of […]
Toronto Star The Canadian Real Estate Association has launched a new system for tracking home and condo sales prices aimed at giving buyers and sellers a more precise picture of what’s happening right in their neighbourhoods. The new system will track Canadian and regional home sales and price escalations based on “benchmark prices.” Those benchmarks […]
Hello every one! The below is a great article to read! Read, understand and ask question prior to signing any Mortgage documents!! What’s the catch?!! “I came home from vacation this weekend to discover that last Friday one of the big five banks announced (through the media..tricky tricky..) a historic 5 year fixed rate of […]
Statistics show that investing in real estate makes a lot of sense. More people have become millionaires owning real estate than any other investment. Many of us know someone who invested in real estate and have become wealthy. Real estate is one of the safest and most profitable means of creating wealth. Banks will even […]
By Susan Pigg Business Reporter There are growing concerns that Ontario’s push to curb urban sprawl and intensify development has taken off with unexpected vigour. Condo development is in overdrive in the downtown core while construction of new single-family homes in the regions has “run out of gas” — down 57 per cent in the […]
Rate Sale! Second Mortgages! 9.99% – 75% LTV’s! NO Income Requirements! (POORER CREDIT SCORE USED TO DETERMINES RATES) Lenders commitment fees up to 2.5% > Toronto & G.T.A. > Barrie > Burlington > Hamilton > Ottawa & Suburbs > London > Kingston > Peterborough > Orillia > Guelph > […]
Creating excitement in a culturally rich corridor that’s about to get denser By Jennifer Febbraro Corridor Continued from PH1 From stylized benches along tree-lined sidewalks to curbless paving techniques, John Street will be a pedestrian-friendly zone that welcomes and excludes traffic with ease, as required. Christene DeGasperis, marketing director of aspen ridge Homes (aspenridgehomes.com) and […]
Douglas Porter and Benjamin Reitzes The age-old question of whether to lock into a longer-term fixed mortgage rate or stay in a variable rate has become an increasingly complex and important issue recently, with short-term rates at extreme lows and pressure likely to build for higher rates in the year ahead. Historically, there is little […]
February 3, 2012 — Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto. “A favourable affordability picture bolstered by very […]
In the GTA, the average asking price for newly built condos rose by 8 per cent to $530 in the fourth quarter of 2010, from $493 in the fourth quarter of 2009. In the former city of Toronto, new construction averaged $643 per square foot. In the downtown core, it was a lofty $723 per […]
TORONTO, Janaury 19, 2011 — In a deputation to the City of Toronto’s Budget Committee later today at the East York Civic Centre, the Toronto Real Estate Board (TREB) will tell City Councillors that REALTORS® are encouraged with the direction of the City’s proposed 2011 Budget and believe that it is a significant step towards […]
Second Suites in Toronto In an effort to increase the supply of affordable housing, Toronto City Council passed a by-law last year that legalized second suites, also known as accessory apartments. As a result, second suites are now legal in the City of Toronto in all single family and semi-detached homes, providing they meet certain […]
As a Home owner you know that real estate prices and sales volume tend to rise in the first five or six months of the beginning of the year. By August we tend to see a dip in sales as both buyers and sellers (and most realtors) are in vacation mode. In general by September […]
On January 17, Finance Minister Jim Flaherty announced three new changes to the rules for government insured (default insured) mortgages. The intent of these changes is to support the long-term stability of the housing market and address rising household debt in Canada. 3 changes to default insured mortgages Lowering the maximum amount consumers can borrow […]
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