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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. 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. 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...
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. 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...
Toronto Real Estate Market Sets Records in early May 2009
21 May 09 12:35 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   
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...
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. 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...
GREATER TORONTO AREA HOUSING MARKET UPDATE
03 December 08 02:17 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   
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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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