Earlier this week, some Canadian banks hiked the fixed rate on their five-year mortgage term by 20 basis points to 3.29%. Not surprisingly, housing bears are proclaiming that mortgage rates are now in an uptrend that will collapse the housing market. While we may be headed into an era of heightened volatility, I’m still not convinced the bell is tolling. Here are some reasons why. ...
Posted by Gary Arora
on June 14, 2013
TORONTO STAR: Habitat for Humanity Canada Survey shows affordable home ownership contributes to healthier, happier families. Click here -> ARTICLE
Posted by Eric McCartney
on June 3, 2013
Percentage Change: The Commission Game, by Tara Perkins, a real estate reporter with Globe and Mail, was interesting to read, mainly because it had a good mix of fact and fantasy. Published on 25 May 2013 as a cover story in the printed business section, it discusses real estate commissions. (http://bit.ly/Z7ib7j)
According to Perkins, “technology has failed to snap consumers out of their complacency”. ...
Posted by Jagdeep Singh
on May 25, 2013
May 6, 2013 -- The Ministry of Consumer Services is currently reviewing minimum qualifications for home inspectors in Ontario. These qualifications would aim to increase transparency of the profession; ensure a minimum standard of training; improve consistency in home inspections and enhance consumer protection. TREB supports minimum standards for home inspectors. Through Member consultation, TREB ...
Posted by Rudy Reznik
on May 23, 2013
Is it just me, or did the spring market just start to take off this month? Typically, the statistics show that the activity starts to increase by the end of March. Well in the past, that was true for me. However, this year it started late. Anyone else experiencing the same? Somehow I think mother nature has something to do with it this year!
Posted by Chris La Delfa
on May 22, 2013
Can you guess where this is?? Backyard Oasis - your own inground swimming pool, updated deck and the list goes on and on...
Call Rene Ahmad For Further Details.
Century 21 SkyLark Real Estate Ltd.
Posted by Rene Ahmad
on May 21, 2013
If you're a Seller thinking about selling - now might NOT be the right time lol
It appears that Jan, Feb, Mar and April were slower months than in the previous year. Not as hot as everyone thought or expected. The good news is that homes in great condition and good prices are still selling very quickly just not the crazy bidding wars of a year ago or even earlier this year.
Posted by Rene Ahmad
on May 21, 2013
The Greater Toronto Area Realtors have just released the latest sales report for April 2013. Last month, 9,811 transactions were reported through the TorontoMLS system, which marks a 2.1% decrease in sales compared to April 2012.
On the other hand, a number of other sales indicators were in positive territory on a year-over-year basis. The number of new listings put on the market 18,270 (up 10.9%), ...
Posted by David Cheung
on May 18, 2013
Real estate agents Jacqueline and Jim Wong have lived in their quiet residential Markham neighbourhood for 14 years.
Over that time they’ve seen the demographics of their community change greatly, particularly in the past five years with the increase of Chinese and South Asian people moving to their city and buying homes.
· More on the Household Survey
Posted by Stephen Chow
on May 9, 2013
TORONTO — The average first-time homebuyer in Canada is 29 years old and expects to be able to put down a down payment of $48,000 on $300,000 home, according to a recent poll by the Bank of Montreal.
But the study, released Tuesday, also found that price expectations vary widely, depending on where the homebuyer lives in.
Those in Atlantic Canada say they expect to spend an average of $224,000 ...
Posted by Aydin Oskouei
on April 18, 2013