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MORTGAGE NEWS. February 2010
23 February 10 01:10 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
The average Canadian's debt-to-income ratio amounted to 145% after the home prices hiked five times, the average persons' after-tax income. The report from Vanier Institute said that the mortgage arrears were up by 50%, although the absolute number Read More...
Toronto real estate. Bank of Canada keeps rates the same...again
02 February 10 12:55 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Once again, the Bank of Canada announced it would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent. While the Bank said economic growth in Canada resumed in the third quarter of 2009 and there has Read More...
Toronto real estate. GTA REALTORS Report December Mid-Month Resale Housing Market Figures
20 December 09 02:14 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
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 Read More...
Toronto real estate. TORONTO REAL ESTATE MARKET CONTINUE TO SURPRISE
27 November 09 12:23 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Toronto housing starts have risen for three months in a row, CMHC says in a report released this week. The seasonally adjusted annual rate of total housing starts rose 13% in October from the month prior, Canada Mortgage and Housing Corp. says, to a total Read More...
Toronto real estate: Interest rates to remain at historic lows
26 October 09 03:21 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Interest rates will likely stay at their current historic lows through June 2010 in an effort to meet the Bank of Canada's inflation target of two per cent, says governor Mark Carney. Speaking to CTV's Question Period Sunday, Carney confirmed Read More...
October 2009 mid-month real estate statistics from TREB
19 October 09 09:57 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
In the first two weeks of October, Greater Toronto REALTORS® reported 3,631 sales – up 34 per cent compared to the first two weeks of October 2008. The average price for these transactions was up 17 per cent year-overyear to $414,479. "While Read More...
TORONTO MORTGAGE NEWS
20 August 09 11:24 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
As the economy begins to creep out of its economic rut, the market has begun to speculate on when interest rates will rise. The Bank of Canada pledged in April to hold interest rates at 0.25% until the end of June, 2010. The move was designed to ease Read More...
Toronto real estate. TORONTO HOUSING MARKET IS RECOVERING
15 June 09 09:13 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
According Canadian Real Estate Association housing prices are recovering, with the average resale price in May – skewed by an increase in sales activity in the country's most expensive markets – reaching the highest level on record. “National Read More...
Canada housing more affordable than ever
20 April 09 03:14 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
The global economic downturn is a mixed blessing for home buyers - if you're lucky enough to hang on to your job, you should be in a much better position to buy a house, according to a report released Thursday by RBC Economics. "Declining consumer Read More...
NOW IS A GREAT TIME FOR 1 ST-TIME TORONTO AND GTA BUYERS
14 April 09 07:07 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
When the Toronto and GTA housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted. This, combined with unprecedented increases in home prices, scared many first-time buyers Read More...
TORONTO CONDO MARKET UPDATE
01 April 09 01:07 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
While much of the North American housing market has taken a hit over the last year, one market is showing promise for home buyers - the Toronto condominium market. While TheStar.com reports that overall Canadian starts are on the decline for their sixth Read More...
Toronto real estate. 4,120 Resale Housing Transactions in February
09 March 09 03:07 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year. “A considerable number Read More...
Toronto real estate. Canada’s Housing Market Statistics
26 February 09 09:58 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
CMHC says Housing Starts in January were only 153,500 Units Until recently, Canadians had been taking comfort in a high level of monthly housing starts long after they began their decline in the United States. Over the past three months, however, circumstances Read More...
Toronto real estate. THINGS ARE DIFFICULT BUT BETTER THAN IN US
09 February 09 02:35 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Gloomy economic predictions are making us a lot more depressed than we need to be. That's a view expressed by several policy analysts in the latest issue of Policy Options, a Montreal-based journal.With so much attention in Canada paid to American Read More...
GTA REAL ESTATE MARKET UPDATE FOR DECEMBER 2009
31 January 09 08:37 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
TREB Members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O’Neill announced today. “Sales for the whole of 2008 were 74,552, Read More...
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You decided to buy a house in Greater Toronto Area. The first thing you need is information. Anything you can find - articles, listings, market trends. The website http://www.torontogreathomes.com and this blog is exactly what you are looking for - great source of information! You are welcome to read and search. If you have any questions and concerns, please, fell free to contact me - Alexandre Malkhassiants, Sales Representative with Right at Home Realty Inc., Brokerage. Office: (416) 391-3232 Cell: (416) 723-9383 E-mail: amalkhass@rogers.com Web site: www.torontogreathomes.com