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Bank of Canada

This past Wednesday, the Bank of Canada announced a surprise 25-basis point rate cut. What does this mean for the real estate market? Historically, bank lending rates have a tendency of moving with BoC’s prime rate, which affects variable mortgage rates. While financial institutions have not reported changes in their lending rate, experts are expecting record low interest rates in Canadian history ...

Market Watch 2014

The Greater Toronto Realtors have just released the latest sales report. Last month, there were 4,446 transactions reported through the TorontoMLS system, which represents a 9.6 per cent increase from December 2013, which saw 4,058 sales. The average selling price also saw an increase to $556,602 last month from $520,189 the same time last year, which is a 7.0 per cent rise. These upward trends mirrored ...

Why consider Markham to live

With the holidays upon us, many parents are scrambling to make arrangements to keep their kids occupied and entertained during the winter break. Markham offers a wide array of extracurricular activities at all of its community centers, such as story time, arts and crafts, movies, scavenger hunts, video and board games, and much more. This is just one of the many ways that makes Markham a family-friendly ...

Real Estate Forecast

Re/Max just released a report on December 10 on their forecast of home sale prices across the nation for the new year. For the past year, most Canadian cities experienced an increase in inventory, but still saw modest gains in the average residential sale price (a low supply and high demand is a key factor in determining home sale prices). The greater areas of Toronto and Vancouver in particular experienced ...

Real Estate Marketing November 2014

The Great Toronto Realtors have just released the latest sales report. Last month, 6,519 transactions were reported through the TorontoMLS system, which is up 2.6 per cent from 6,354 in November 2013. On the other hand, the number of active listings on the market last month stood at 14,717, down 8.5 per cent from 16,092 the same time last year. This in part helped to drive up the average selling price, ...

Real Estate Market

According to an article published by the Financial Post on November 19, 2014, Canadian Imperial Bank of Commerce’s deputy chief economist Benjamin Tal and economist Nick Exarhos recently dispelled speculation that real estate market is overinflated in a report. The paper reported that the pair stated, “Ask any real estate developer in any of Canada’s major cities about the risk ...

Market Watch October 2014

The Greater Toronto Realtors have just released their latest sales report. Last month, there were 8,552 sales transactions made through the TorontoMLS system, which is up 7.7 per cent as compared to 7,941 in October 2013. The average price is up from $539,286 to $587,505, representing an 8.9 per cent year-over-year increase.  New listings were also up, from 13,038 last year to 13,476 last month, ...

Real Estate Market forcast 2015 and 2016

The Canada Mortgage and Housing Corp., the national housing agency, just announced their predictions that home construction growth will remain steady through 2015, mirroring demographic and economic trends. The report stated that “economic conditions in Canada are forecast to gradually improve in the short-term and lead to modest increases in employment and average earnings, which should support ...

How Do I Find The Right Home Buyers Insurance?

What kind of Homeowner Insurance do I need when BUYING A HOME? This question comes up frequently when purchasers are buying a new or resale home. In real estate Homeowner Insurance is necessary when purchasing a home in Canada. Buying a home is the largest investment that people generally purchase in their lives, so it is important to learn how to protect your investment through Home Insurance. ...

Real Estate Market

BMO Capital Markets have just released a report on Canada’s “Hot 3” – Calgary, Toronto and Vancouver – the three Canadian cities still experiencing boom-time conditions, with a combined year-over-year increase of 9 per cent in sales from June to August and were near pre-recession highs. Some reports have suggested that September sales have been ever stronger. Meanwhile, ...
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