Archive for Real Estate News And Trends
Toronto Real Estate Board Posts Record Sales In February
Although the official Toronto Real Estate Board statistics haven’t been released yet, preliminary estimates show that February had record sales above 7,200 houses and condominiums.
The closest February to that previously was 6,772 sales in 2007.
The main problem is inventory… there were just over 14,400 listings on the market during the month – down 32% from one year [...]
Low Toronto Real Estate Inventory Levels Set Stage For Busy Spring Market
Toronto’s real estate market has been plagued by a lack of homes on the market since mid-2009. That trend is continuing and is prevelent all across Canada.
My Faith In Toronto’s Real Estate Media Has Been Badly Shaken Recently
Toronto’s media have been way off base with their reporting of several news stories recently – starting with H1N1 right up to their coverage of the Competition Bureau’s challenge of the Canadian Real Estate Associations’s rules.
February 2010 Toronto Real Estate Board Statistics Predict A Record Month For Sales
Toronto Real Estate Board stats indicate a robust start to 2010 with condos and houses selling quickly and for slightly higher prices – often with multiple offers to the infinite pleasure of sellers and to the everlasting chagrin of buyers.
Thank You For Making Us In The Top 20 Teams For RE/MAX In Canada !!
Thanks to your help, we’ve almost doubled the number of clients we’ve helped in 2009 vs 2008. Of course it helps that we didn’t build a cottage this year – that took, no kidding, almost six months of my time in 2008.
I applaud those buyers who, despite the doom and gloom of the first [...]
Our December Client Newsletters
While you’re getting ready for New Years, take a moment and read our latest FYI December client newsletters by clicking on the links below.
Condo Owner December Newsletter
House Owner December Newsletter
Have a terrific day everyone and a safe New Years celebration!
Use It OR Lose It: Mortgage Financing Options May Disappear In The Next Few Months
Recent pronouncements by our dear federal Finance Minister Flaherty may change the options home buyers currently have when considering purchasing a Toronto house or condo.
Up until about mid-year 2008 every Canadian home buyer had the option of taking a 25-, 30-, 35- OR 40-year amortization on their mortgage. This means that for a 40-year [...]
YTD Real Estate Sales In Toronto Show Large Improvement Over 2008
We’ve just experienced the strongest November for sales in the Toronto Real Estate Board history – 7,446 houses and condominiums changed hands in the month. Not unexpectedly, this is double the number of sales one year ago when we were in the depths of the world recession.
The Toronto Real Estate Board (TREB) is on [...]
Another Record Month For The Toronto Real Estate Board
There were a record 8,476 sales of houses and condominiums during the month – up a not-surprising 64% from 2008. Of course one year ago the world was imploding and every market was hitting bottom. Howver we are still up 561 sales over October of 2007 which was a record year.
The ratio of [...]
Bank Of Canada Hinting That Mortgage Rates Might Rise Sooner Than Expected
Anyone who’s been involved in a Toronto house or condo purchase in the last three months or so knows that the market is very busy. So busy in fact that multiple offers are happening more than 50% of the time.
One of the main reasons for all this activity is the low, low mortgage interest rate. [...]
