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Vaughan Has Happiest Residents

Vaughan Has Happiest Residents

Folks in Vaughan feel pretty happy about the quality of life they enjoy and the services they get from the city, but they’re not to pleased with the community’s crippling traffic congestion, a new survey has found. Ninety-seven per cent of residents feel the quality of life in Vaughan is very good or good, according […]

Market Stats – February 2017

Market Stats – February 2017

Sales Up and Listings Down in February March 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up […]

Chasing The Canadian Dream

Chasing The Canadian Dream

The mayor of Caledon, a town of about 60,000 northwest of Toronto, says government can try all it wants, but the dream of owning a home will persevere. Allan Thompson should know. His town, like many others that ring around Ontario’s capital, has become a launching site for new communities as people priced out of […]

Market Stats- January 2017

Market Stats- January 2017

“January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types. Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, […]

What’s Driving Toronto Real Estate Market?

What’s Driving Toronto Real Estate Market?

When Vancouver slammed the door on foreign buyers last year there was a great deal of concern that they would simply shift their attention east to another overheated market: Toronto. But a new study suggests Ottawa’s new tougher mortgage rules will have a bigger impact on the Toronto market. New research by Ipsos Public Affairs […]

Pay Down Your Mortgage Or Invest?

Pay Down Your Mortgage Or Invest?

With home values rising by 20 per cent or more each year in the sizzling markets of Vancouver and Toronto, the unprecedented returns are outstripping even risky investments. In 1996 the average price of a Vancouver-area home was $288,300; in 2016 it’s $879,600. In the Greater Toronto Area, in 1996 it was $198,150 and now […]

Mortgage Insurance Premiums Set To Rise

Mortgage Insurance Premiums Set To Rise

Canada’s federal housing agency is hiking the cost of mortgage loan insurance for homebuyers starting March 17, as part of new regulatory requirements requiring it to hold more capital to offset risks in the country’s red-hot real estate market. Canada Mortgage and Housing Corp. said Tuesday it doesn’t anticipate the increases will have a major […]

Market Stats – December 2016

Market Stats – December 2016

“The strongest annual rate of sales growth in 2016 was experienced for condominium apartments followed by detached homes. A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016.” TREB

Pleas To City Hall To Make Home Ownership More Attainable

Pleas To City Hall To Make Home Ownership More Attainable

Toronto’s budget subcommittee got an earful at Toronto City Hall Tuesday as members of the public, union leaders and business associations lined up to give their input into Toronto’s operating budget. The hearings into the 2017 operating and capital budgets have been going on in civic centres around Toronto for nearly a week, but on […]