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Could Resale Condos be the answer?

As "sellers coninue to dominate the undersupplied single family housing market" in the GTA, could resale condos be the answer for buyers? A new report from Scotiabank signals this could be the answer that buyers are looking for right now:

Market Watch March 2014

The latest sales figures for the Greater Toronto Area have just been released. The Greater Toronto Area Realtors reported a number of sales growth indicators, including a total of 8,081 sales transactions through the TorontoMLS system last month, up from 7,357 in March 2013, representing a 7.2 per cent year-over-year increase. There were also a higher number of new listings last month, with 14,829 ...

Toronto and GTA sales for March 2014

Sales growth was much stronger in March than January and February . Average selling price increased by about 8%, year over year. Why ??? Borrowing cost is low and declining, shortage of listings, lots of first time home buyers willing to enter the market before CMHC restrictions apply ( May 1st ) . Strong price growth is expected for the remainder of 2014. Condo resale prices were up 5.1% in Toronto ...

CMHC to Increase Mortgage Insurance Premiums

OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance ...

Are You Eligible For The Healthy Homes Tax Credit?

Healthy Homes Tax Credit Did you know that if you are a senior, 65 years or older you could qualify for the Healthy Homes Renovation Tax Credit? This tax credit helps with the cost of making your home safer and more accessible. For more information on the Healthy Homes Tax Credit call 1-866-ONT-TAXS (668-8297) or for teletypewriter 1-800-263-7776 About the credit from the Government of ...

GTA February Real Estate Sales Report

The Greater Toronto Area Realtors have just released February’s real estate sales figures. Last month, there were 5,731 sales reported through the TorontoMLS system, which represents a 2.1 per cent increase from 5,613 of February 2013. According to Toronto Real Estate Board President Dianne Usher, “The sales increase was largely driven by resale condominium apartments. New listings of ...

What steps can I take to protect myself against buying a former marijuana grow-op?

  While the weather may not be ready to co-operate, next week’s official start to spring will be a welcome sign for green thumbs throughout the province who are itching to get back out into their gardens. However, the truth is, not everyone stopped gardening over these colder-than-usual winter months. Marijuana grow-ops hide in plain sight and no community is immune. If you’re ...

Aurora Heights Real Estate Videos

Aurora Heights Aurora Heights Townhomes Townhouses Condos Condominiums     Bungalows Semi-Detached Homes Houses Aurora Heights Real Estate Aurora Heights York Region     Detached Homes Houses Aurora Heights Amenities Aurora Heights Real Estate Aurora, York Region   Aurora Heights Real Estate     ...

CMHC to Increase Mortgage Insurance Premiums

OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance ...

CMHC announcement - Mortgage Insurance Premiums going up on May 1, 2014

  Not a mystery anymore, CMHC news is out . Mortgage Insurance Premiums will be going up by about 15% on average starting May 1, 2014. This does not apply to mortgages currently insured by CMHC. For those planning on buying and need to pay the premium, they should buy now and close before May 1st, 2014 . Also, for those planning on selling this year, now is the best time before the ...
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