Good Start to 2011 -- Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.
"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to ...
Posted by Sara Kareer
on February 9, 2011
The Ontario Real Estate Association (OREA) released the following information with regards to the Ontario government approving a rental increase.
Landlords in Ontario have been given permission to raise rent by 0.7 per cent in 2011 – the lowest rent hike for Ontario residents in the last 35 years.
The guidelines provide the maximum amount a landlord is able to hike ...
Posted by Sara Kareer
on January 28, 2011
Did you know?? The Canadian Real Estate Association (CREA) recently released its REALTOR.ca app for the Apple® iPhone®. REALTOR.ca is the most visited real estate website in Canada.
With the introduction of the free REALTOR.ca app, consumers now have the ability to check out houses whenever they want, wherever they want. The portable, on-the-go information that the REALTOR.ca ...
Posted by Sara Kareer
on January 24, 2011
Finance Minister Jim Flaherty unveiled three new changes this morning to mortgage lending rules:
* Mortgage amortization periods will be reduced to 30 years from 35 years on insured mortgage loans
* The maximum amount Canadians can borrow to refinance their owner occupied property will be lowered to 85 percent from 90 percent.
* The government will withdraw its insurance backing on lines ...
Posted by Sara Kareer
on January 17, 2011
Third Best Year for Existing Home Sales
Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009.
"Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions ...
Posted by Sara Kareer
on January 10, 2011
Sales Strong in November
Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher ...
Posted by Sara Kareer
on December 9, 2010
4 Bedroom Brampton Home with Separate Side Entrance located close to Sheridan College.
Welcome to 21 Denlow Drive, Brampton, ON.
Great DETACHED Home in BRAMPTON, 4 Bedroom, 4 Washroom Family Home near Steeles and McLaughlin.
...
Posted by Sara Kareer
on November 9, 2010
October Price Growth Reflects Healthy Housing Market Conditions
Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. This represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to 75,582 – up one per cent compared to the January ...
Posted by Sara Kareer
on November 8, 2010
Greater Toronto REALTORS® reported 3,012 sales through the Multiple Listing Service® (MLS®) during the first two weeks of October 2010.
This represented a 17 per cent decrease compared to the 3,631 sales recorded during the same period in 2009. Year-to-date sales amounted to 71,988, representing a three per cent increase compared to 2009.
“The GTA resale market is balancing ...
Posted by Sara Kareer
on October 19, 2010
GTA Housing Market Conditions Remain Healthy in September
Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent ...
Posted by Sara Kareer
on October 6, 2010