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Toronto real estate. CANADIANS AND HOME OWNERSHIP
28 July 10 01:09 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Canadian homeowners are in the best shape when it comes to financial fitness, according to a survey conducted by Genworth Financial Mortgage Insurance Company Canada. The survey found 65% of homeowners pay off their credit card balances in full each month Read More...
Toronto real estate, Toronto mortgage. RATES SET TO RISE
15 June 10 08:53 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
Canada Mortgage and Housing Corp. expects short-term interest rates will begin to rise in the second half of 2010. With the overnight rate expected to increase in the coming months, mortgage rates have begun to rise. According to a CMHC scenario, posted Read More...
FORECLOSURE IN CANADA: YES OR NO?
30 May 10 08:58 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
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...
Toronto real estate, MORTGAGE RATE GOES UP AGAIN
26 April 10 04:10 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
R oyal Bank of Canada, the country’s largest bank, is leading the way on another round of mortgage-rate hikes , boosting borrowing costs in April for the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an Read More...
Toronto real estate. CMHC Tightens Up Lending A Little More
22 March 10 01:56 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
5% Down Payment is still available at the lowest interest rates , assuming provable income and good credit. 1.85% variable rate and 3.69% 5 year fixed rate . Stated Income has become more difficult: Stated income allows business for self and commission Read More...
Toronto real estate. Countdown begins to interest rate hikes
08 March 10 01:00 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
The Bank of Canada took its first steps in March toward returning the country to more normal interest rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” Read More...
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. Sales growth is widespread in Ontario
25 January 10 08:13 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
Greater Toronto-area house hunters were out buying up real estate, to the tune of 1,749 sales of existing homes in the first two weeks of this year, the Toronto Real Estate Board says. This was almost double the 888 sales recorded for the same period 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 | 1 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 | 1 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. GTA home sales up 64%, prices up 20%
10 November 09 01:29 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
GTA home sales skyrocketed 64%, with gains at every price point, says the Toronto Real Estate Board. Nearly 8,500 homes were sold, up 64% from last October, with the average price at $423,559 - up by 20% compared to the same month last year. “It 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 REAL ESTATE MARKET, ONTARIO REAL ESTATE MARKET IN SEPTEMBER 2009
22 September 09 04:42 PM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
August numbers continued the positive trend set in July with sales and average prices up, year over year. 2009 has thus far continued to surprise market watchers. “We are seeing an upward revision of our housing market forecasts at the national 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