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GTA Commercial REALTORS® Report Commercial Market Figures
Real Estate News
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OPINION: The ratio of housing prices to local earnings in Greater Toronto is a grim eight to one. But it’s a dire 12 to one in Metro Vancouver.
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Increase in inventory of unsold homes, prices, mortgage rates and supply of rental units all expected to contribute to slowdown in starts, sales, Canada Mortgage and Housing Corp. forecasts.
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Home sales inched upwards in June as would-be buyers decided to jump into the market, the Canadian Real Estate Association says. Rising interest rates considered a key factor.
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Consumer satisfaction for new home builders up in 2010
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Home ownership became more affordable for the average Canadian in the last quarter of 2010, with the most significant improvement in Alberta, says the Royal Bank. The bank's housing affordability measure shows costs associated with owning a home in comparison to income slightly declined in the last three months of last year.
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Existing Toronto area home sales up 7% over last year
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Forest Hill, Bridle Path hottest spots for real estate worth $1 million-plus as February sales, prices soar.
Investment Real Estate News
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Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
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You are desperate for more living space and now face the big decision – renovate your current home, or buy another one? Chartered Accountant Gerald Tracey, Investment Advisor, ScotiaMcLeod in Windsor, advises that this decision should be made in a two-step process.
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As consumers continue to learn more and more about green building, architects, designers and builders are starting to incorporate more green features into their new homes. As technology and products continue to emerge, consumers can build their dream home without sacrificing aesthetics.
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Many people assume that they can simply 1) buy a house, 2) apply a fresh coat of paint, 3) trim some bushes, and then 4) resell the home at a profit. Unfortunately, this process, called "flipping" is not that easy.
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