TORONTO AND AREA REAL ESTATE MARKET NEWS BLOG

Toronto real estate. Countdown begins to interest rate hikes

Alexandre Malkhassiants, Salesperson, Anna Falile — Mon, 08 Mar 2010 18:00:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 23 Feb 2010 06:10:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 02 Feb 2010 05:55:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 26 Jan 2010 01:13:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Sun, 20 Dec 2009 07:14:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Fri, 27 Nov 2009 05:23:00 GMT

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%

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 10 Nov 2009 06:29:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Mon, 26 Oct 2009 20:21:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 20 Oct 2009 02:57:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 22 Sep 2009 21:42:00 GMT

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)

TORONTO MORTGAGE NEWS

Alexandre Malkhassiants, Salesperson, Anna Falile — Thu, 20 Aug 2009 16:24:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Tue, 16 Jun 2009 02:13:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Thu, 21 May 2009 05:35:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Mon, 20 Apr 2009 20:14:00 GMT

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

Alexandre Malkhassiants, Salesperson, Anna Falile — Wed, 15 Apr 2009 00:07:00 GMT

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)