Mortgage Rates – How to Prepare
Read More »Mortgage Rates -How to Prepare
March 27th, 2010Tighter lending standards for mortgages- just anounced
February 16th, 2010Under the new rules, all borrowers will need to meet standards for 5-year fixed-rate mortgages regardless of whether they’re seeking a loan with a lower rate and shorter term.
Also, the government is lowering the maximum amount Canadians can withdraw when refinancing to 90 per cent of the value of their homes, from the current 95 [...]
Sales Start Off Strong in 2010
February 16th, 2010Greater Toronto Realtors reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
“The GTA housing [...]
Ottawa weighs stricter rules for mortgages as market soars – Globe and Mail
February 11th, 2010Way’s of controlling low interest rates and HOT Market
Read More »College Park has the highest Prices per sq ft on the Bay Street Corridor.
December 21st, 2009This month we examined sales at College Park – the biggest condo complex in the downtown with two towers occupied and a third almost sold out. We selected 763 Bay. An entry level unit – a 370 sf. studio with no parking and no locker sold in May of this year for $225,000 or $600+ [...]
Read More »Global Recession And The Canadian Real Estate Market
July 9th, 2009
In the midst of a global recession, the average national price of resale homes in Canada hit a record level in May, and sales activity increased for the fourth straight month
The Canadian Real Estate Association reported this week that the average national resale home price in May reached a record $319,757, up a tick from [...]
GTA homes sales up 27 per cent in June
July 6th, 2009Nearly 11,000 homes sold last month, signalling the return of a sellers’ market in Greater Toronto.
Read More »GTA Resale Housing Sales Up 19 Per Cent in the First Half of June
July 2nd, 2009
GTA Resale Housing Sales Up 19 Per Cent in the First Half
of June
TORONTO, June 17, 2009
- Greater Toronto REALTORS® reported 5,185 transactions in the
RIDING THE … REAL ESTATE ROLLER COASTER financial post
June 7th, 2009Consider a $300,000 mortgage. At the 3.75% rate some mortgage brokers claim they can get for a five-year closed mortgage, the monthly payment is $1,537.67, based on a 25-year amortization. A couple of years ago, when the rate was closer to 5.75%, the same mortgage would cost 22% more, or $1,875.07 a month.
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