Canadian mortgage rates decreases to the lowest level in 2 years House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business. Rates on a standard […]
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Toronto Real Estate TREB Published January, 2019 Resale Market Figures
Toronto Real Estate TREB Published January, 2019 Resale Market Figures Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent […]
Toronto Real Estate TREB Published December, 2018 Resale Market Figures
Toronto Real Estate TREB Published December, 2018 Resale Market Figures Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered […]
Know the problems of purchasing a power-of-sale property – RECO
Just so we’re all on the same page, let me clarify “power of sale .” Basically, if a homeowner defaults on their mortgage, the bank can take steps to sell the property to regain the money that’s owed to them. It seems to be a common misconception that power of sale properties are sold […]
Toronto home prices jump in October despite new mortgage rules
Toronto’s real estate sales climbed more than 11 per cent of the members in October, 2016 compared with a year earlier, despite the introduction of new federal mortgage regulations aimed at chilling the region’s overheated housing market. The average cost of all homes across the Toronto region rose 21 per cent of the members […]
