So 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 [...]
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 [...]
In: Real Estate News22 Jun 2011
Toronto could easily earn the nickname “Condo City”, or perhaps “The Crane Capital of North America”. Currently there are 280 new condo developments being marketed in Toronto. Whichever area of the city you live in, you will see cranes and new condo developments. North York, Downtown Toronto, Scarborough, Vaughan, Markham…they all have new condo developments. [...]
In: Real Estate News18 Jan 2011
It seems like everyone is curious about real estate. Specifically everyone wants to know the selling price of the home up the street . Home owners, sellers and buyers are all interested in this information because home values affect all the other values of homes in the neighbourhood (Home values are usually based on comparing [...]
Marking the second straight month of declining sales, Vancouver home sales figures for June fell 30% below comparable numbers for June, 2009. Even with the decline, the nearly 3000 sales make it the second busiest June on record. The decline did not surprise most analysts, who had predicted the over-heated market would cool as interest [...]
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.