According to many of Canada’s top economists, higher interest rates – and debt servicing costs – may be just around the corner. Exactly when rates will rise is unclear and depends on who you talk to.
In its latest Financial System Review, The Bank of Canada judges that vulnerability of Canadian households to adverse wealth and income shocks has grown in recent years. “At present, ...
Posted by Robert Atkinson
on February 2, 2010
Canada's real estate market is changing faster than ever before. Depending on your province, city - and sometimes even your street - real estate prices may have dropped, increased or remained stable over the past few months.
Due to this variance, real estate sales representatives like to remind folks that all real esate is local and that the national trends you hear in the news can often be ...
Posted by Robert Atkinson
on January 26, 2010
Everyone is interested in real estate, even if they're not buying or selling. Lately one of the most common questions I get is "Is the market still slow?" I find this really interesting as the market is really quite strong right now!
Most homes are selling within a week and often with multiple offers. There are a number of factors at play as to why this is happening and it's best ...
Posted by Robert Atkinson
on January 2, 2010
October 5, 2009 -- In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year.“We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,” said TREB President ...
Posted by Robert Atkinson
on October 8, 2009
In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories of ...
Posted by Robert Atkinson
on September 10, 2009
Many people get into real estate as a form of wealth protection or generation but find themselves frustrated when faced with issues of being a landlord.
What if I told you of a way to get all the benefits of being a landlord (ownership of real estate, rental income, tax deductions) without the downside (dealing with tenants, finding tenants, getting them to pay, fixing the property).
There is a way ...
Posted by Robert Atkinson
on July 25, 2009
Anyone thinking of doing upgrades to thier home be sure to check out the link below. Here you can find out what upgrades will get you a rebate and which ones won't.
Not only will you feel good about helping the environment you will also be helping your pocket book by reducing your monthly bills and increasing your homes value in the market place.
Call me to find out what your home is worth ...
Posted by Robert Atkinson
on June 20, 2009
We all know about the goverments offer where qualified home buyers can use a generous portion of their RRSP money to buy a home but there is a 2nd program available.
The Home Buyers Tax Credit allows qualified home buyers to claim up to $750 in tax credit relief. While it may not sounds like a lot to many, this amount could potentially cover your legal fee's. I don't know about you ...
Posted by Robert Atkinson
on May 15, 2009
The average price for a single family home in the GTA has remained relatively unchanged. January gave us a decline followed by an upswing in February of 5.14%. March continues the movement upward, if even slightly.This spring is a buyers market as they have come out with a swell in number of 6,171 sales, down only slightly from last March numbers of 6,631.Entry level homes are showing the ...
Posted by Robert Atkinson
on April 29, 2009
Bank of Canada dropped the prime lending rate 0.25% and the banks followed. Further assurances were given that the rates are expected to remain low into 2010.
Prices have become more affordable and we are seeing an increase in home sales above what is typical of the spring market. This means that 'serious' buyers are moving fast to scoop the better homes as soon as they hit the market, ...
Posted by Robert Atkinson
on April 23, 2009