The most common question I hear in real estate is "When will prices drop?" Apparently not for anytime soon as evidenced by a report from Stats Canada stating that home prices continued their climb in August.
Fuelled by a healthy demand, sound underlying economic fundamentals, as well as a continuing low interest rate environment that contributes to supporting affordability, August marked ...
Posted by Robert Atkinson
on October 14, 2011
Toronto Real Estate Board states “The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth,” which has pushed home prices up to a 9% increase over last April, setting the average home price to $477,407. There is an expectation that this new spike in prices will encourage ...
Posted by Robert Atkinson
on May 7, 2011
This spring continues the pattern of being a popular time to buy and sell homes. The Toronto Real Estate Board reports9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.
“The strong home sales reported in March and ...
Posted by Robert Atkinson
on April 5, 2011
It never stops to amaze me how active the spring market can be. There seems to be a shortage of good homes for sale and as a result home buyers are actively seeking out these homes and are prepared to pay to get them. What seems to be different this year from prior years is that buyers are actually passing over lesser homes and holding out for the ones that are well staged, clean and show ...
Posted by Robert Atkinson
on March 21, 2011
Finance Minister Jim Flaherty announced three new changes to financing rules. Effective March 18, 2011, it will become harder to buy a new home or consolidate debt into your mortgage. What are the changes?
The maximum amortization period has been reduced from 35 years to 30 years for mortgages that are insured by CMHC where the homeowner has less than 20% equity ...
Posted by Robert Atkinson
on January 18, 2011
Last year no one wanted to talk about the market as the focus was on jobs and economy. For those who were looking for a bargain 2009 was the year to sell and buy or just buy. This year, many of the folks who bought last year in the dip sold this year and made a very nice profit, very nice indeed!
This year started off with a bang as many buyers flocked to the market looking for home, ...
Posted by Robert Atkinson
on June 10, 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
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 ...
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