Category: Toronto Mortgage Posts

Category: Toronto Mortgage Posts A Toronto Home Is A Sound Long Term Investment

  A Toronto Home Is A Sound Long Term Investment   Did you know 98% of homeowners continue to say that their most recent home purchase was for them to live in rather than as an investment to rent out? A home is the only investment you can live in while it grows in value.   Please check out this handy infograph below to discover more key statistics surrounding home ownership.     TREB created this infograph as a resource to give you a better understanding of how a home is a sound, long-term investment, not only for buyers, but

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Category: Toronto Mortgage Posts TREB Issued January, 2019 Market Stats

    TREB Issued January, 2019 Market Stats   TREB President Garry Bhaura 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 compared to December, 2018. “It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged upwards is in line

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Category: Toronto Mortgage Posts Owning or Renting Homes or Condo Apartments In Toronto

            Owning or Renting Homes or Condo Apartments In Toronto Max Seal, Broker’s Comments: In Toronto as of now, we are in April, 2018. The question of  “Owning or Renting Homes or Condo Apartments In Toronto” is a subjective one and the merits an demerits vary greatly between the prospective home buyers and the home or apartment renters and their individual family and financial circumstances. Here are some of the facts in Toronto real estate market as of April, 2018: For the Toronto Home or Condo Buyers:   Toronto Home Prices somewhat declined after close

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Category: Toronto Mortgage Posts Toronto home prices sink further in August, 2017

  The Realtors and the Economists are discovering a return to normal in Toronto’s housing market despite a fourth consecutive month-to-month decline in median house prices. The Toronto Real Estate Board( TREB) reported that the average cost of a home in August — $732,292 (including all residence types and condos) — was still up 3 per cent or about $20,000 to August 2016. But that is still down about 20 per cent, or $187,000 lower than April, 2017, when the average cost peaked at $919,086. The number of housing sales in August, 2017 likewise fell, 34.8 per cent year over

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Category: Toronto Mortgage Posts Toronto area home sales drop in May, 2017 after chilling measures

  House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after different provinces announced the immediate introduction of a 15 -per-cent foreign-buyer’s levy on April 20, 2017, the number of houses sold in the Greater Toronto Area fell 26 per cent compared with the same period last year, according to data compiled by Toronto realtor John Pasalis. Communities north of Toronto assured the greatest diminishes between April 20 and May 20, with sales

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