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How can the new MLS® HPI help you make one of life's most important decisions?

The Toronto Real Estate Board (TREB), along with 4 other major Real Estate Boards and the Canadian Real Estate Association (CREA) will be implementing a new system called the MLS® Home Price Index (MLS® HPI).   This index is comprised using data from the Multiple Listing Service® and allows you to see trends in home prices for a specific type of house ...

Is Condo Living For You?

Let's start by clarifying the word Condominium as some people think it refers to a building. The legal definition is that it is a type or method of ownership. There are low or high rise condominium buildings and there are condominium townhouses. It is important to understand that the buyer is buying ownership to the interior space and all owners will jointly own the exterior and mechanical structures ...

Condos attracting those near and far

The booming condominium market in the GTA has been fueling real estate sales for years, providing buyers with options for investing and living.   TD Canada Trust’s 4th Condo Poll revealed that the low maintenance of condos compared to homes is the biggest motivation for those buying condos, making up 36 per cent of their decision-making power, while affordability comes in second at 24 per ...

What We Can Learn from the U.S. Mortgage Fallout

What we can learn from the U.S. mortgage fallout By Frank Kirschner   U.S. President George Bush recently announced a stop-gap (albeit limited) measure that may assist many U.S. homeowners from experiencing what millions already have – losing their homes. In light of the dilemma south of the border, what can we Canadians learn from all this, and how can we be better prepared to avoid ...

New Mortgage Rules

After Finance Minister Jim Flaherty announced new mortgage rules for 2011, many homeowners and prospective homeowners began to panic. There are three changes that will take effect on March 18th of this year: Maximum mortgage amortization periods will be reduced from 35 to 30 years. The maximum borrowing limits for refinancing a mortgage will be reduced from 90 per cent to 85 per cent of the value ...
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