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Stats on foreigner investor ownership [condominium]
Foreign owners of condos comprised 3.5 percent of the market in Vancouver and 3.3 percent in Toronto, according to a report from Canada Mortgage & Housing Corp. which surveyed property managers. That’s up from 2.3 percent in Vancouver last year Read More...
How transportation impacts real estate prices
Being around public transportation wasn’t always a good choice when it came to real estate. After World War II, downtown living was frowned upon and people flocked towards the suburbs in order to find larger and greener land. As a result, real estate Read More...
How to sell a home during holiday season
Although listing a home too close to Christmas isn’t ideal in many cases, it can yield positive results if done properly. One advantage of selling a property around the holidays is that there’s typically less competition. With fewer listings Read More...
Mortgage pre-approvals demanded by most of home sellers
The majority of home sellers say that they would only consider offers from buyers who had already been pre-approved for a mortgage. A poll by Scotiabank found that 61 per cent of sellers seek those with approval and that 69 per cent of buyers are likely Read More...
Toronto is becoming ‘the New York of the North’
House prices in Toronto will continue to be out of reach of many homebuyers even if there is moderation in the coming years. That’s according to a new report by TD Economics that highlights government regulations and taxation among the factors affecting Read More...
Survey: 1/3 of investors are unprepared for investing
The survey, published by the Real Estate Council of Ontario (RECO), found that 26 per cent of investors wished they had a better grasp of the buying process, 21 per cent wished they had looked at more properties and 14 per cent wished they had a better Read More...
Real estate values differ widely across the country
October 22-2014 In its monetary policy report today, the central bank said housing activity “has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels Read More...
Growth in Home Sales Continued in August
TREB reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase Read More...
Real Estate sales in March 2014
TORONTO, April 3, 2014 – Toronto Real Estate Board President Dianne Usher announced that GTA REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. A total of 8,081 sales were Read More...
Why GTA housing market will stay strong in 2013
Many economists predicted a local real estate crash this year, with prices falling by up to 25 per cent. I didn’t see that prediction coming true and it didn’t. Nor will do I believe it will happen in 2013. Here’s why: 1. Homes are more Read More...
Did you know that the average Canadian household is more than $40,000 richer than the average American household? Part 1
[by Michael Adams , special to The Globe & Mail] Part 1 Currently, the average Canadian household is more than $40,000 richer than the average American household. (According to the latest Environics Analytics WealthScapes data, the average household Read More...
Canadians don't regret their mortgage choices
Canadians have heard the many cautions about carrying too much debt and are taking action to insulate themselves from future economic downturns, says an annual report by the Canadian Association of Accredited Mortgage Professionals (CAAMP). Highlights Read More...
Bradford's Market Stats
Bradford West Gwillimbury REALTORS®reported 37 transactions through the TorontoMLS® system in July 2011, representing a 5.7 per cent increase over July 2010. Average Price of the home sold in BWG was $359,895 which represents 2.6% increase over Read More...
Market Watch : MID‐MONTH RESALE HOUSING FIGURES
APRIL 18, 2011 ‐‐ Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 –a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to Read More...
Sales Strong in November
December 3, 2010 -- Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642. . "The GTA resale market has tightened Read More...
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