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Toronto and area market news blog for the popular Toronto website http://www.torontogreathomes.com
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Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010, reported TREB. “Low borrowing costs kept buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” Read More...
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Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo** 3.29 3.49 5.65 4.99 2.40 First National 3.65 3.79 4.79 4.99 2.25 FirstLine 3.79 3.89 5.04 5.24 2.60 HomeTrust 3.65 3.79 N/A N/A 2.60 ING 3.69 3.89 4.79 4.99 2.25 MCAP 3.69 3.74 4.79 Read More...
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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. The average selling price for January 2011 sales was $427,037, Read More...
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Canadians will be spared a U.S.-style wave of foreclosures when the housing market corrects and interest rates rise, according to a report from DBRS Ltd. examining Canada’s $1-trillion mortgage market. DBRS expects housing prices to fall and acknowledges Read More...
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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...
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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...
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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...
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There are more signs of stabilization in the local real estate market. Interest rates are at a record low for a five-year, fixed-term mortgage, still the most popular product among homeowners. Some banks are offering rates as low as 3.75%, if the buyer Read More...
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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...
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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...
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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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The Greater Toronto Area resale housing market reported 5,155 sales in October, Toronto Real Estate Board President Maureen O’Neill announced. This represents a 35% decline from the 7,915 sales reported in October 2007 and a 25% decrease from the Read More...
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October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 Bathurst/Finch, North York - We invite everyone to visit our open house at 1008-80 Antibes Dr on October 4 from Read More...
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Spacious Bright Unit • 1,200 sq. ft., 2 bath, 2 bdrm apartment - MLS® $217,000 CAD - Lowest Price in Building! Bathurst/Finch, North York - Spacious Bright Unit. Sunny West Exposure. Freshly Painted Throughout. Steps To Subway, Ttc Bus, Schools, Read More...
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• 1 bath, 1 bdrm apartment - MLS® $250,000 CAD - Reasonably Priced! Bathurst/Lakeshore, Toronto - Luxury Condo Apartment In Waterpark City With Great Lake Views. Walk To Lake, Cne, Ontario Place, Air Canada, Skydome. Ttc At Your Doorstep, Stainless Read More...
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