April 23rd 2007
New legislation. Conventional mortgages no longer 75% loan to value (LTV). Now 80% LTV without CMHC/Genworth insurance.
Stay tuned for more news about this ever changing mortgage scene.
And no..... we're not going to have a situation like they have in the USA. Canadian lending is much more conservative
Residential Real Estate Sales. Listing-Buying, Renovating, Additions, Custom New Build.
Monday, 23 April 2007
Thursday, 19 April 2007
April 2007 - Housing Market Going Strong
April showers don’t dampen home sales
April 18, 2007 -- The GTA resale housing market got off to a strong start in April, with mid-month sales coming in one per cent ahead of mid-April 2006, Toronto Real Estate Board President Dorothy Mason announced today.
The 4,175 transactions recorded in the first half of the month surpass the mid-April total of 4,140 sales recorded in 2006. Meanwhile, year-to-date figures for 2007 are nearly two per cent ahead of last year’s pace.
“We are very encouraged by the stability of the GTA market,” Mrs. Mason said. “Activity is strong yet controlled, and great economic fundamentals continue to keep things moving in the right direction.”
The average price of a home in the GTA reached $372,169 in the first half of April, up one per cent over the same timeframe in April 2006 when prices averaged $366,878. The median price rose three per cent to $315,000. Active listings were down five per cent from the same time in 2006, to 22,711.
Strong activity across all housing types in the Beach (E02) helped push overall sales up 44 per cent compared to mid-April of 2006.
The condo boom in Mississauga’s city centre (W15) was largely responsible for an overall sales increase of 41 per cent in the area, compared to mid-April of last year.
Toronto’s Forest Hill neighbourhood (C03) saw 54 per cent more overall transactions than to the same point a year ago, fueled mostly by detached home sales.
In Bayview Village / Hillcrest Village (C15), overall transactions increased by 36 per cent compared to the same timeframe in 2006.
“Consumers are showing a lot of confidence in this market,” Mrs. Mason said. “Their investments are showing steady returns, yet the market is still accessible to a variety of buyers.”
(Toronto Real Estate Board)
April 18, 2007 -- The GTA resale housing market got off to a strong start in April, with mid-month sales coming in one per cent ahead of mid-April 2006, Toronto Real Estate Board President Dorothy Mason announced today.
The 4,175 transactions recorded in the first half of the month surpass the mid-April total of 4,140 sales recorded in 2006. Meanwhile, year-to-date figures for 2007 are nearly two per cent ahead of last year’s pace.
“We are very encouraged by the stability of the GTA market,” Mrs. Mason said. “Activity is strong yet controlled, and great economic fundamentals continue to keep things moving in the right direction.”
The average price of a home in the GTA reached $372,169 in the first half of April, up one per cent over the same timeframe in April 2006 when prices averaged $366,878. The median price rose three per cent to $315,000. Active listings were down five per cent from the same time in 2006, to 22,711.
Strong activity across all housing types in the Beach (E02) helped push overall sales up 44 per cent compared to mid-April of 2006.
The condo boom in Mississauga’s city centre (W15) was largely responsible for an overall sales increase of 41 per cent in the area, compared to mid-April of last year.
Toronto’s Forest Hill neighbourhood (C03) saw 54 per cent more overall transactions than to the same point a year ago, fueled mostly by detached home sales.
In Bayview Village / Hillcrest Village (C15), overall transactions increased by 36 per cent compared to the same timeframe in 2006.
“Consumers are showing a lot of confidence in this market,” Mrs. Mason said. “Their investments are showing steady returns, yet the market is still accessible to a variety of buyers.”
(Toronto Real Estate Board)
Tuesday, 17 April 2007
The First Post
Hello and Welcome to my first Blog and first Blog posting.So why a Blog?Real Estate is my passion and if given the opportunity I can talk until I am blue in the face about it - just ask my wife!
Everyday I am sent interesting real estate articles, or someone shares valuable real estate insight with me, and I only ever get to talk about with my immediate clients. A blog gives me the opportunity to keep a dialogue with you all.
Also several clients over years have expressed to me that after the sometimes months we spent together are over it is a weird transition from everyday interaction down to occasional contact.
I fully appreciate this because you also became friends and 'household names' for a period in my life.
What I am left with after the 'sale(s)' are so many positive experiences which add to my professional knowledge and my personal growth. I hope I can share some of your great stories right here (with your permission of course!).
And so I welcome this great platform, and hope visitors will keep this site bookmarked and consider it a reference for when 'things real estate' are in mind.
David
Everyday I am sent interesting real estate articles, or someone shares valuable real estate insight with me, and I only ever get to talk about with my immediate clients. A blog gives me the opportunity to keep a dialogue with you all.
Also several clients over years have expressed to me that after the sometimes months we spent together are over it is a weird transition from everyday interaction down to occasional contact.
I fully appreciate this because you also became friends and 'household names' for a period in my life.
What I am left with after the 'sale(s)' are so many positive experiences which add to my professional knowledge and my personal growth. I hope I can share some of your great stories right here (with your permission of course!).
And so I welcome this great platform, and hope visitors will keep this site bookmarked and consider it a reference for when 'things real estate' are in mind.
David
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