GTA REALTORS® Report Monthly Resale Housing Market Figures TORONTO, January 6, 2011 -- Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009. “Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term,” said TREB PresidentBill Johnston. “New Federal Government-mandated mortgage lending ...
Market Watch Summary + Video from Toronto Real Estate Board
January 18, 2011
What kind of year will 2011 be for the real estate market?
January 14, 2011
What kind of year will 2011 be for the real estate market? Message from Igor Futrega . . . Happy New Year and Best Wishes in 2011!!! What kind of year will 2011 be for the real estate market? In all likelihood, it will be another excellent year particularly if interest rates remain low, incomes continue to rise with the economic recovery and population growth continues to track the same pattern of recant years gone by. As we enter 2011, the market happily appears to be returning to amore balance situation following the imbalances that we witnessed in late ...
Our W06 Real Estate Market Watch
January 6, 2011
The W06 grid reference for the Toronto real estate board takes in a number of family residences namely Alderwood, Mimico, New Toronto, Longbranch, and more recently the entire condominium new construction phenomena along Lake Shore and Marine Parade Dr. The Lake Shore at Superior Ave., is not exempt from a revitalization with the announcement of the Mimico by the Lake named Eleven Superior by Davies Smith . From the Toronto Real Estate board statistics we have learned that in the W06 grid there were186 active listing ( Homes and condos for sale) of which 56 were new ...
What Happens in W06 stays in W06
December 13, 2010
The W06 grid reference for the Toronto real estate board takes in a number of family residences namely Alderwood, Mimico, New Toronto, Longbranch, and more recently the entire condominium new construction phenomena along Lake Shore and Marine Parade Dr. The Lake Shore at Superior Ave., is not exempt from a revitalization with the announcement of the Mimico by the Lake named Eleven Superior by Davies Smith. From the Toronto Real Estate board statistics we have learned that in the W06 grid there were 269 active listing ( Homes and condos for sale) of which 120 were new listings added in ...
A quick guide to buying your first home in Canada
November 22, 2010
Deciding to purchase your first home may seem like a daunting task, but it doesn't have to be. Knowing what resources to gather before starting your search is key. So before you buy, make sure you know the basics. The right home for you Deciding on what type of property is right for you is the first of many steps. You'll also need to answer the following questions before any decisions are made: how many people will reside there? Do you want to live in a city centre or in the suburbs? Are transportation, local amenities and nearby entertainment priorities ...
Five expenses that will consume 50 per cent of your lifetime earnings
November 21, 2010
Five expenses that will consume 50 per cent of your lifetime earnings In these recessionary times, financial tips are flowing fast and furious about how to save money and stick to a budget. Facing a sea of information, many people are asking, “Where do I start?” For most of us, five areas of spending will consume over 50% of the money we earn during our lifetime, so that’s the best place to begin. The five areas are: Home, car, children, education and retirement. Here’s what you need to know about each: * Don’t bite off more HOME than you can ...
Frontage Costs for Sewers Add to House Costs
November 21, 2010
In many municipalities across Canada, the cost of extending sewer/water services from a main line to a new, subdivided or unserviced lot is the responsibility of the landowner or developer. Particularly, in rural communities where businesses wish to construct a facility that is not able to be served by the existing water line, those businesses often pay the full cost of new water services infrastructure, minus any provincial or federal government contributions. In 1999, Toronto reconsidered its policies on reimbursement for extension of water services to unserviced lots, in order to bring it in line with the practices of nearby ...
Toronto Housing Value Great for Buyers and Sellers
November 14, 2010
Value has little to do with price. Media reports that “Toronto’s house values have skyrocketed” could as easily be seen as a positive indication of the significance of the city as an indication that price has risen. While the media consistently ranks Toronto, Vancouver, Calgary and Edmonton among Canada’s most pricey housing markets, it fails to add the corollary that those markets lead the way in price because they are the areas that have the most to offer in terms of home ownership, convenience and lifestyle. While no reporter or commentator would suggest that a Lada could be compared favourably ...
Toronto Neighborhood Focus â€“ Earlscourt
November 6, 2010
The musical, Oliver, portrayed a life lived to the fullest by the residents of the mean streets of old London. This fictitious portrayal of the spirit of the poor of England played itself out, in many ways, in the village of Earlscourt, now a community of Toronto, during the earliest part of the 20th century. A collection of tar paper shacks, housing the poor British and Scottish labourers in the local factories, were the temporary homes of these immigrants, while they saved to build a proper brick home. Houses in the area mostly were built between 1910, after Toronto ...
Title Insurance Explained
October 30, 2010
Protect Your Property Title insurance is growing in popularity in Canada. But what is it exactly? Should you get it? Do you need it? Whether title insurance is right for you is something you should discuss with your lawyer, as it depends on the circumstances of your transaction. This article will provide you with some background information about title insurance to help you make an informed decision. Title to Property Title is the legal term for ownership of property. Buyers want "good and marketable" title to a property - good title means title appropriate for the buyer's ...