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Annual Growth Continued In August 2014

Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013. “The last full month of summer ended ...

Gallery: Bridle Path house sells for $14.2-million, a record price for a half-acre property

Recently purchased by someone from mainland China, this recently completed French-manor-style mansion - which was listed at $14.8-million and sold for $14.2-million - was designed for entertaining. From the moment the front door is opened, guests face breathtaking spaces. The double-height foyer with an intricate railing up the stairs and along the second-floor gallery has what… Gallery: Bridle ...

Canadians Most Optimistic About Housing Since 2008

Canadians are the most optimistic about the country’s real estate market in more than six years as prices reignite. The share of Canadians predicting higher home prices over the next six months rose to 47 percent last week, according to polling by Bloomberg and Nanos Research Group, the highest level since the survey began in 2008. That figure has risen 10 percentage points since ...

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 ...
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