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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,” said TREB President Richard Silver. “If buyers had not been constrained by a shortage ...

 Greater Toronto REALTORS® reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23% increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3% compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure ...

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, representing an increase of over four per cent compared to the average of $409,058 reported ...

Greater Toronto REALTORS(R) reported 2,509 sales through the Multiple Listing Service(R) (MLS(R)) during the first two weeks of December 2010. This represented a 19 per cent decrease compared to the 3,079 sales recorded during the same period in December 2009. Year-to-date sales amounted to 84,316 - down one per cent from the 2009 total of ...

According to a new survey by TD Canada Trust, more than two-thirds of repeat homebuyers expect their next house purchase won't be their last. Twenty-three per cent of the more than 1,000 participants -- all repeat homebuyers -- said they plan to move again within six years. One in five repeat buyers has owned more than five homes. All ...

Canada's home resale prices rose in June in the biggest monthly gain in ten months. "June marks the largest monthly increase in 10 months. But we do not believe that acceleration in the Teranet-National Bank index will be sustained," said Marc Pinsonneault, National Bank Financial senior economist. According to numbers from the ...

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 compared to 48% of non-homeowners. Those more likely to pay off their credit card balance ...

Royal 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 increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of ...

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 of arrears was still ultra-low by international standards. The media suggests increase in ...

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 been a slightly higher than expected rate of inflation in recent months, it reiterated that the ...