Archive for the ‘Real Estate News’ Category
There were two articles in the Globe and Mail newspaper recently discussing the Baby Boom Generation. One was an article by Rob Carrick. Rob discusses the size of the Baby Boom Generation (born in the years 1946 and 1965), plus their affect on the housing market. The other article was written by Chris Atchison. Chris [...]
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- Tags: baby boomers, boom, bust, canada, equity, home, market, property, real estate, retire, sell, toronto
Occupy Toronto Oct 15th, 2011: Is There A Better Way To Make a Statement About Corporate Profits, Fairness, Rich vs Poor…
In: International Real Estate News|Real Estate News|Toronto Real Estate
14 Oct 2011On Saturday October 15th, there will be a demonstration in down town Toronto. The gathering will be in the name of the recent “Occupy” movement that has staged protest rallies in cities throughout the United States. Today several Toronto Unions have thrown their support behind the movement. There will be buses of union workers coming [...]
More Canadian Seniors Are Carrying Debt Into Retirement: Mortgages and Lines of Credit
In: International Real Estate News|Mortgage News|Real Estate News
11 Oct 2011There was an article in the Globe and Mail today discussing a recent report by TD Bank. The report indicates that more Canadians are carrying debt into retirement. The report also states that the amount of debt for Canadians aged 45-65 is increasing. Quotes from TD Bank representatives state that this comes as a “surprise” [...]
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- Tags: baby boomers, canada, Canadian, consumer debt, debt, Gen X, high, increasing, levels, lines of credit, mortgages, seniors
Toronto Real Estate Market Statistics for September 2011: House prices increase by 10%
In: International Real Estate News|Mortgage News|Real Estate News|Toronto Real Estate
7 Oct 2011So the stock market has dropped by 10% this year. The interest rate on a GIC is 1-2%. But housing prices increased by 10% in September. The Toronto real estate board just reported that the amount of sold homes increased by 25% in September and the average price increased by 10%. Wow! This is great [...]
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- Tags: 10%, 2011, average price, equity increase, home, home prices, increase, mortgage rates, real estate, sales, Sept, September, statistics, stats, toronto
Consumer Confidence Drives the Canadian Real Estate Market and Sinks the US Real Estate Market.
5 Oct 2011Has anyone heard of the consumer confidence surveys that are announced on new radio stations and written about in the business section of the newspaper? I used to think “who cares”. Is it a big deal if some consumer confidence survey says that people are more or less confident than they were 3 months ago? [...]
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- Tags: American, canada, Canadian, confidence, consumer, decline, economics, house prices, housing, increase, market, real estate, recession, USA, values
In just over 35 years, the city of Mississauga has grown from an afterthought along Toronto’s southwest lakefront to Canada’s sixth largest and fastest-growing city, boasting nearly 800,000 residents gathered from all around the world. The city is probably best known as the home of Toronto Pearson International Airport, where more than seventy airlines carry [...]
Spectacular Toronto Downtown High Rise Condos
30 Sep 2011Although demand for Toronto properties still outstrips the supply, creating a sellers’ market, nevertheless shoppers in search of high-rise condominiums in Toronto have the luxury of taking their time and holding-out for everything they want. The combination of urban redevelopment initiatives and new construction brings exquisite new properties onto the market almost daily. Especially in [...]
The importance of your credit score: How to improve a poor credit score
In: Real Estate News
29 Sep 2011Many people underestimate the importance of their credit score. This blog will highlight some of the problems that can arise if you don’t pay attention to your credit score. Credit makes the world go around. Without a credit score, or if you have a poor credit score, it could prevent you from buying a car, [...]
Live in a five star hotel at condo rates? The luxury condo Toronto construction project at the Four Seasons Hotel and its Private Residence Condominiums is well under way thanks to an international buyer who paid a price of 28 million dollars for the 55 storey building. This is the most expensive in high-rise condos [...]
The Toronto Condo market has traditionally focused on the down town core. Thousands of new condo have been built in down town Toronto. Between Dundas and Queens Quay, almost every inch of the city is either a condo or a high rise office building. Even the Toronto Maple Leafs and Donald Trump are building condos [...]
Sellers Rule In Toronto Real estate Markets.
In: Real Estate News
26 Sep 2011Unlike Canada’s other “hot” real estate markets, Toronto real estate market remains enticing to buyers, because prices have remained within their reach, and a steady stream of new listings have given them a wide array of styles and sizes from which to choose. Steadily increasing prices have encouraged previously patient sellers to bring their Toronto [...]
Enjoy your weekly Rates & News updates! Mortgage Rates: 1yr 2.89% 2yr 2.99% 3yr 2.69% 4yr 2.89% 5yr 3.19% 6yr 4.29% 7yr 4.49% 3yr variable closed (Prime – .65%) = 2.35% 5yr variable closed (Prime – .60%) = 2.40% Canada mortgage rates keep sliding How Much Lower Can The Yields Go Interesting insights from CREA: [...]
It’s a real estate buyers market in the Brampton area and that means bargains are there, you merely have to find them. And that is what your realtor is there for. You! One question often asked is whether to purchase a new home or a resale? There are pros as well as cons for both [...]
You’ve heard it before. It’s all about the location. While that is true there are many other factors to consider when looking to buy a Toronto condo. Lifestyle is certainly an important consideration. If you want to be near the “bright lights” of the big city you may decide to shop around in the downtown [...]
Top Ten Ways To Manage Being House Poor.
In: Real Estate News
21 Sep 2011Many Canadians are buying homes at record prices. Buying a home at the top of your budget can create a situation where owners are “house poor”. House Poor is a term to describe owners who are able to afford their mortgage payment, but are not able to afford to spend money on other necessities or [...]
Top 10 Things To Look For When Buying A Home: Warning signs, Avoid Money Pits, Location…
12 Sep 2011When a buyer is looking for a home, it is really easy to be seduced by granite countertops and new hardwood floors. Most homes are staged to look like they are perfect for a buyer. They aim to get that “wow” reaction because sellers know that first impressions count. However, as a buyer, you need [...]
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- Tags: advice, buy home, canada, home inspection, location, money pit, suggestions, tips, top 10, warning
10 Ways To Talk Yourself Into Becoming House Poor: Buying an expensive home in Toronto.
In: Real Estate News
6 Sep 2011Everyone has their budget for buying their next home. This “budget” starts out at an amount that the buyers know they can comfortably afford. Then buyers typically end up putting in offers for the maximum that they can afford, and eventually they end up buying the home for much more than they can afford, and [...]
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- Tags: 10 ways, bidding war, bought, budget, buy, estate, house poor, mortgage, multiple offers, payments, persuade, rationalize, real, talk, toronto, yourself
Today, the Canadian Mortgage and Housing Corporation released their financial information. There were legally required to do so. This is progress! Canadians should be proud that we now have this level of statistics from Canada’s largest insurer of home mortgages and home equity lines of credit. Here are some highlights: – HELOCS has dropped by [...]
Will Canada’s Banks Raise Variable Mortgage Rates In Order to Make More Money And Boost Their Profits?
In: International Real Estate News|Mortgage News|Real Estate News
28 Aug 2011This week has been a busy week for Canadian Banks. It started with Royal Bank’s announcement that they are raising their variable rate mortgage rate by 20 basis points (1/5th of 1%). The week continued with the Bank of Montreal reporting that profit increased by 8%, followed by National Bank reporting that they increased their [...]
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- Tags: bank, banks, canada, Canadian, CMHC, debt, expense, going up, increasing, interest rate, mortgae, profits, rate, RBC, Royal bank, Variable
You might have to accept apologies on this blog post because it might see somewhat like a rant. But seriously, how much money should Canadians be expected to pay for a home? How much debt should a family take on in order to have a home in a good neighbourhood in Toronto. Perhaps some people [...]
Selling a Home in Brampton And Mississauga, Ontario: For Sale By Owner and MLS
In: Real Estate News
22 Aug 2011Brampton and Mississauga are located in Peel Region. Combined, they would be the 3rd largest city in Canada, behind Toronto and Vancouver. Both Mississauga and Brampton are unique in Canada and perhaps unique in North America. Mississauga, once a commuter city adjacent to Toronto, is now a large city unto itself. Mississauga now has a [...]
North York, Ontario: High End Luxury Real Estate for the Executive Lifestyle
In: Real Estate News
18 Aug 201130 years ago North York Ontario was for the middle class Torontonians who wanted a small bungalow or split level detached home. Most of the homes in North York were originally built in the 50s as mass produces new homes for the parent of baby boomers. Parents with 3-5 children needed an affordable place to [...]
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- Tags: asian, buyers, condo, development, hot, market, mel lastman, north york, north york centre, real estate, residential, sellers, sheppard, subway, yonge
For Sale By Owner and Real Estate Agent advertising in Richmond Hill, Ontario
In: Real Estate News
16 Aug 2011Richmond Hill Ontario is a great community North of Toronto. Located North of highway 407, Richmond Hill is a very active real estate market for selling privately and selling with a real estate agent. Richmond Hill’s borders are Highway 7 to the South, Bathurst to the West, Highway 404 to the East and Bloomington Road [...]
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- Tags: buy, homes, Hwy 7, info, lake wilcox, library, mill pond, ontario, real estate, Richmond Hill, sell, yonge
Canada Real Estate News
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.