In the eyes of foreign buyers, Toronto is North America’s New Dubai – But are they behind our city’s short housing supply? News from the CMHC on gathering data surrounding foreign real estate investors in Canada has many local buyers worried that they’re responsible for driving housing prices up. Recently, China’s Government made changes to …
For Foreign Real Estate Investors Toronto is North America’s Dubai Read More »
Foreign Investors are taking advantage of the dropping Canadian dollar and record low rates. Apparently, tourism isn’t the only industry that is benefiting from the low Loonie!
Last week the Bank of Canada reduced its Key Lending Rate for the second time this year. Down to 0.5 per cent from .75 per cent, this move was in response to our ailing economy along with the slump in oil prices. With large banks and lenders preparing to follow suit, this leaves us to …
Click here to see the most up-to-date 2015 Pan Am Games medal standings!
A Look at the Numbers: 1982: Average house price in Canada — $72,500 2015: Average house price in Canada — $439,100 1982: Average five-year fixed mortgage rate (March) — 19.4% 2015: Average five-year fixed mortgage rate (March) — 3.8% 1982: Outstanding residential mortgages — $30-billion 2015: Outstanding residential mortgages — $953-billion Sources: CREA, Statscan
The shortage of active listings reported through Toronto MLS ®, drives demand and average selling price of homes up With the average selling price of a home in Toronto currently sitting at $649,599—it’s safe to say that Toronto’s real estate market shows no signs of cooling down this summer. Last week, Toronto Real Estate Board …
Toronto Real Estate Board Market Watch — Record Sales for May 2015 Read More »
Effective today, June 1, 2015, Canada Mortgage and Housing Corporation (CMHC) is increasing mortgage insurance premiums by 15 per cent for homebuyers making less than a 10 per cent down payment. Mortgage insurance is typically required by lenders if a homebuyer’s down payment is less than 20% of the total purchase price of the home. …
CMHC Mortgage Insurance Premiums Increase — How will the changes affect you? Read More »
Selling your Home this Summer? We can finally say “goodbye” to sub-zero temperatures, “hello” to sunshine and what is seemingly shaping up to be a beautiful summer. Not only is this a great time to participate in a variety of outdoor activities that we’ve been aching to do all winter, this season is optimal for …
6 Reasons Why the Now is Best Time to Sell A House in Toronto Read More »
On April 21, Finance Minister Joe Oliver released his first Federal Budget. Amidst falling oil prices across the globe, the state of the Canadian dollar and the upcoming federal election, Oliver provided clarity surrounding the budget coinciding with the public’s best interest, as well as those of political parties vying for seats. Oliver announced a balanced budget which he …
2015 Federal Budget: 7 Key Points Surrounding the Housing Sector Read More »
When it comes to a conversation with a Realtor, the first question often asked by both buyers and home owners is “how’s the market right now”. This loaded question often doesn’t have a short or simple answer. The state of the market can mean different things to different people. Market trends ultimately have different effect …
Breaking Down 2013/2014 Market Trends in the GTA Read More »
Subscribe for the latest news and updates!
Made by Mojo Media
647-361-8184
