The Canadian Real Estate Association (CREA) have revised their 2011 forecast to include 2012. Click here see the news release with the revised forecast.
Posted by Tricia Greer
on February 15, 2011
6 tips for showing your home in winter
Winter isn’t the most popular season for home sales, but the market is still active in colder months. Follow these simple tips to make your property shine for winter home buyers.
Keep pathways clear First impressions are everything, and snow and ice are dangerous hazards. Shovel sidewalks, your driveway and front steps and de-ice ...
Posted by Tricia Greer
on February 15, 2011
GTA REALTORS® Report Monthly Resale Housing Figures February 4, 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. See details.
Click here for complete Market Watch
Posted by Tricia Greer
on February 15, 2011
3 mortgage changes that are coming our way:
Reduce the maximum amortization period to 30 years from 35 years effective March 18 2011 for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. This will significantly reduce the total interest payments Canadian families make on their mortgages, allow Canadian families to build up equity in their homes more ...
Posted by Tricia Greer
on February 15, 2011
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 ownership housing and the base year effect, which involves ...
Posted by Tricia Greer
on April 5, 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 Tricia Greer
on April 2, 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 Tricia Greer
on March 31, 2010
Federal Finance Minister Jim Flaherty has announced prudent changes to mortgage insurance rules intended to come into effect on April 19th, 2010. They are as follows:
All borrowers must meet the standards for a five year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.
The maximum amout one can withdraw in refinancing their mortgage will be reduced ...
Posted by Tricia Greer
on February 26, 2010
Today, Canadian Association of Accredited Mortgage Professionals (CAAMP) released a report entitled Revisiting the Mortgage Market – Risk is Small and Contained based on new research using data collected from its corporate members. The findings strongly suggest that Canadian mortgage lenders and borrowers are extremely prudent with their borrowing and lending. For full article please click here
Posted by Tricia Greer
on January 21, 2010
Greater Toronto REALTORS reported 3,079 existing home transactions in the first two weeks of December compared to 1,487 in 2008. The strong growth represents both increased home ownership demand and the fact that we are comparing the recovery phase of the sales cycle this December with the contraction phase experienced last winter.
Click here for more details.
Posted by Tricia Greer
on December 17, 2009