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Tight Market Conditions Prompt Strong Price Growth

June 30, 2014 -- Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago. Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for the month of May. This result was up by 11.4 per cent compared to 9,946 sales reported in May 2013. The ...

Rent To Own

Renting to own a house can be a very effective way for a buyer without enough of a down payment to buy a home or Credit glitches, No credit history, Self-employed, New to Canada, Just getting started (recent graduate, new career, etc.), Recently divorced (and want the same house / lifestyle). If you don’t have enough money to make a down payment, or your credit rating is too low to secure a ...

10 Tips For First Time Real Estate Investors.

10 tips for first time real estate investors  Many people consider investing in real estate as a way to build a nest egg and have tenants help you pay the mortgage. There are pros and cons to taking that leap, but if you do, here are 10 things to know. 1.Visit with a mortgage broker or your bank to determine how much money you can afford to borrow responsibly for your investment. 2.Look ...

Tight Market Conditions Prompt Strong Price Growth

June 3, 2014 -- Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013. “April marked the beginning of the spring ...

GTA REALTORS® REPORT LATEST MID-MONTH RESALE HOUSING MARKET FIGURES

TORONTO, May 16, 2014 -- Toronto Real Estate Board President Dianne Usher announced that “Sales reported by Greater Toronto REALTORS® were up strongly during the first two weeks of May in comparison to the same time last year.  However, new listings were down slightly over the same period, which means competition between buyers continued to increase and price growth remained very ...

Tight Market Conditions Prompt Strong Price Growth

May 8, 2014 -- Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.   “April marked the beginning of the ...

CMHC Eliminating 2 Programs

Effective May 30th, 2014 CMHC is eliminating 2 programs.   The self-employed stated income program and the 2nd home programs will both be eliminated.  Self-employed applicants wanting to be approved through CMHC must now prove their income and applicants now looking to buy a 2ndhome cannot obtain financing through CMHC.  What does this mean? These 2 programs accounted for ...

Easter

If you and your family are looking for a new neighbourhood to call home, Markham may be just what you’re looking for. It offers a multitude of amenities such as malls, parks and historic areas to keep your family entertained.  Come and experience one of the close-knit community's traditions on Saturday, April 19. In celebration of Easter, Main Street Markham will be hosting an event that ...

Sales and Average Price Up in March

April 7, 2014 -- Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth. A total of 8,081 sales were reported in March 2014 – ...

TorontoMLS Sales Up in February

March 5, 2014 -- Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year. “Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last ...
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