By Michael Moldenhauer – The Toronto Star There were more than 2,100 votes of confidence in the new home and condo market in the GTA in October, which, considering the economic volatility prevalent throughout the month, suggests that savvy homebuyers are taking a long-term view of the market, and rightfully so. By votes of confidence, [...]
Archive for November, 2008
Buyers not deterred by doom and gloom reports
Posted: 30th November 2008 by Laurin Jeffrey in Buying Real Estate, New Condos & Lofts, Other Real Estate Markets, Toronto Condos, Toronto Real EstateTags: affordability, banks, BILD, buy, buyer, buyers, canada, canada mortgage and housing, Canada Mortgage and Housing Corp, condo, condo market, confidence, economic meltdown, employment, estate, first, global economic crisis, government, gta, home, home equity, home prices, homebuyer, homebuyers, homeowners, homeownership, housing, housing affordability, housing corp, hst, income growth, interest rate, Interest Rates, investment, ird, location, low interest rates, ltd, market, mortgage, mortgage lending, new, new home, new home market, new home prices, new homes, optimistic, prices, pricing, prime mortgage, purchaser, real, real estate, realnet, rent, sale, sales, tax, td, toronto, toronto new condos, toronto new homes, toronto real estate, west
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Canada’s housing boom over, but no collapse in sight
Posted: 29th November 2008 by Laurin Jeffrey in Buying Real Estate, Other Real Estate Markets, Selling Real Estate, Toronto Real EstateTags: affordability, average house price, average price, average prices, boom, building permits, buy, buyer, buyers, canada, canadian, Canadian home price, canadian home prices, canadian real estate, Canadian Real Estate Association, canadians, collapse, economist, economy, estate, existing home, existing homes, financing, global economy, home, home prices, home purchases, home value, home values, house price, household debt, housing, housing boom, housing market, housing prices, housing start, housing starts, land, lease, market, national average price, new, prices, real, real estate, real estate association, real estate boom, s real estate, scotiabank, second world war, speculative, Tory, west
CBC News Canada’s longest real estate bboom in 60 years is over, according to a new report released by Scotiabank Economics on Thursday. But, this country will not see plunging home values to the same degree as other, more at-risk nations, like the United States, said Adrienne Warren, Scotiabank senior economist and author of the [...]
Seasons of Real Estate
Posted: 29th November 2008 by Laurin Jeffrey in Buying Real Estate, Selling Real Estate, Toronto Real EstateTags: agent, best time, buy, buyer, buyers, CREA, estate, for sale, greater toronto, greater toronto area, gta, home, homeowners, increase, Inventory, market, market conditions, mls, mls system, new, orea, real, real estate, real estate agent, real estate board, real estate market, realtor, Realtors, sale, sales, sales volume, seller, sellers, showings, spring sales, td, time, toronto, Toronto area, toronto mls, toronto real estate, Toronto Real Estate, toronto real estate agent, Toronto Real Estate Board, Tory
Toronto Real Estate Board president’s column as it appears in the Toronto Sun While activity in the Toronto real estate market typically moderates during the winter months, that doesn’t necessarily mean it is an inopportune time to sell. Determining the best time to make your next move depends on your motivations. Many families for example, [...]
Factories alive with loft conversion potential
Posted: 28th November 2008 by Laurin Jeffrey in Buying Real Estate, East Toronto Real Estate, Toronto Condos, Toronto Loft Conversions, Toronto Real Estate, Toronto Soft Lofts, West Toronto Real EstateTags: authentic toronto hard lofts, authentic toronto loft conversions, baby boom, barn doors, baseboards, bob mitchell, boom, buy, buyer, conservation, construction, conversion, conversions, CREA, danforth, energy conservation, energy efficient, environment, factories, factory, fireplace, garment factory, glebe, greenhouse, greenhouse lofts, hard, hepbourne hall lofts, heritage, home, home owner, home owners, homeowners, increase, industrial revolution lofts, loft, loft conversion, loft conversions, lofts, Mitchell & Associates, neighbourhood, neighbourhoods, new, old buildings, Ontario Medical College for Women, presbyterian church, project, queen, queen st, queen street, Queen Street East, Queen Street West, real, rent, richmond st, Riverdale, sliding barn doors, sumach lofts, the Danforth, the glebe lofts, time, toronto, Toronto developer, Toronto Loft Conversions, Tory, townhouse, townhouses, unique loft conversions, west, wind, women
Through inspiration and hard work, developer Bob Mitchell turns old buildings into new again By Jane van der Voort What looks like the musty exterior of an old church or a tired inner-city garment factory shines with living potential for Toronto developer Bob Mitchell. “One of the key things I try and do is look [...]
Lenders lower mortgage rates
Posted: 28th November 2008 by Laurin Jeffrey in Buying Real Estate, Mortgages and Financial Information, Toronto Real EstateTags: Bank of Canada, bank of montreal, banks, bmo, BMO Nesbitt Burns, bond market, buy, canada, canadian, chief economist, closed mortgages, competition, CREA, credit, economist, economy, federal governmen, federal government, financial institutions, fixed-rate mortgages, government, home, homeowners, increase, intense competition, interest rate, Interest Rates, lender, lenders, lower mortgage, lower rates, market, mortgage, mortgage lender, mortgage lenders, mortgage lending, mortgage product, mortgage products, mortgage rate, mortgage rates, Mortgages and Financial Information, new, new mortgage, percentage point, real, residential mortgage, residential mortgage rates, royal bank, royal bank of canada, Wall Street
By Allan Robinson – Globe and Mail Several Canadian financial institutions lowered their residential mortgage rates Wednesday across a broad range of maturities to take effect beginning this week. The reductions on one- to five-year fixed-rate mortgages ranged from one-quarter of a percentage point to a full percentage point and varied with financial institution. The [...]