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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...
Report: Purchasing pricier home close to work makes better financial sense for GTA buyers
GTA homebuyers have admitted in 2012 and 2014 surveys by RBC and Pembina that they’d prefer a walkable neighbourhood, close to work and accessible by rapid transit, even if it meant living in a smaller home. Yet 82 per cent admitted that price ultimately Read More...
Lower rates will boost buyer confidence
As the Royal Bank of Canada leads other major banks in lowering five-year fixed mortgage rates, some industry experts believe there won’t be much of an impact on how the housing market performs in 2015. “I don’t believe a quarter-point 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...
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...
No 'bubble' in real estate market
Canadian concerns about a housing bubble are overblown in a country where credit growth is modest and the job market is stable, says Bank of Nova Scotia Chief Executive Officer Brian Porter. This link below provides more info. http://www.bloomberg.com/news/2014-10-12/scotiabank-s-porter-calls-canada-bubble-fears-overblown.htm Read More...
September 2014 - Market Watch stats
The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached 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 June 2014 - 15% more in transactions
Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June. “Home buyers in the Greater 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...
Strong sales and price growth in July 2013
Toronto , August 2, 2013 -- Greater Toronto Area REALTORS® reported 8,544 residential sales through the Toronto Multiple Listing Service® (MLS®) system in July 2013. Total sales were up by 16% compared to July 2012. Over the same period, new Read More...
Rental vacancies drop despite GTA condo boom: Report
The rental market remains tight across the GTA despite a surge of new condos over the last five years. The rental market remains tight across the GTA — and especially in the highly-coveted downtown core — despite a surge of new condos over Read More...
Sales are Up in the first half of January, 2013
TORONTO , January 16, 2013 – Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during Read More...
Review: Year 2012 in real estate
Average Home Price Up Strongly in 2012 TORONTO , January 4, 2013 – GTA REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – 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...
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