The Canadian Real Estate Association (CREA) has released the latest National Resale results that show an increase in sales. Click here to see details.
Posted by Martin Minda
on February 18, 2011
Click here to view the Georgian Triangle's September 2010 Press Release for the third quarter whiched showed it slowed in the third quarter this year compared 2009.
Posted by Martin Minda
on December 6, 2010
GTA REALTORS® Report Monthly Resale Housing Figures November 3, 2010 -- Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. See details.
Click here for complete Market Watch. pdf
Posted by Martin Minda
on November 10, 2010
House prices in Canada will not be going down the same road as the U.S. style pricing.
Click here to view CREA's Housing Report.
Posted by Martin Minda
on June 2, 2010
As we all know by now, the new HST (Harmonized Sales Tax) will be taking effect as of July 1st, 2010. But now purchasing a newly build second home will cost a lot more then it has in the past with the new tax. Any type of home purchased, for example cottages, weekend condo's etc will be subject to HST, which means ten of thousands of dollars will be added onto the cost of your second home. This ...
Posted by Martin Minda
on June 2, 2010
April 6, 2010 -- Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948. See ...
Posted by Martin Minda
on April 6, 2010
Buying your first home is one of the most exciting things in people's lives and now with the interest rates as low as they are, going from a Renter to a First Time Home Owner is easier than it ever has been. Many financial instituatins are offering great incentives to First Time Home Buyers. One of these incentives is a cash back option that can be put towards a downpayment.
These ...
Posted by Martin Minda
on March 22, 2010
Federal Finance Minister, Jim Fleherty, annouced prudent changes to mortgage insurance rules intended to come into force on April 19th, 2010. CAAMP (Canadian Association Of Accredited Mortgage Professionals) was actively engaged in the discussions around these changes, which are as follows:
All borrowers must meet the standards for a five-year fixed rate mortgage even if you choose a mortgage ...
Posted by Martin Minda
on March 9, 2010
February Sales and Average Price Increase Annually
March 3, 2010 -- Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ...
Posted by Martin Minda
on March 5, 2010
December 18, 2009 -- While low interest rates have enhanced affordability, they are only one factor contributing to the market’s strength. The steady stream of newcomers to the Greater Toronto Area, all of whom have housing needs, are another important factor says Tom Lebour the President of the Toronto Real Estate Board in his column in the Toronto Star. Please click here for full article ...
Posted by Martin Minda
on December 23, 2009