November Sales Numbers For Toronto Housing Market

December 8th, 2017

Prices stable, sales down, listings up with 2 months of inventory….has the Toronto housing market finally stabilized?

GTA Cities Ranked By Commute Times and Cost

November 16th, 2017

Interesting ranking. Study ranked cities within the GTA and surrounding areas by commute times and cost. Durham ranked the best, which isn’t surprising, given it’s low population per capita and cost psf.

Supply Up, Demand Down In July 2017

August 14th, 2017

Demand and number of sales down, supply up and prices up in July 2017 (compared to July 2016). After a strong Q1 2017, many homeowners are selling to take advantage of high prices. Buyers, however, are taking a break to see if prices will come down. Eventually buyers will re-enter the market to scoop up all the excess listings and the market will finally stabilize.

Janaury 2017 Numbers Are Up…Condo Market Insanity

February 9th, 2017

New Tougher Mortgage Rules Are Here!

October 21st, 2016

As of October 17, 2016, all mortgages with less than 20% down will be qualified at the Bank Of Canada posted 5-year mortgage rate (currently 4.64%). Previously longer term fixed mortgages (mortgages with a fixed term of 5-year or longer) were qualified at the actual contract rate. This will effect the housing sub-market for first-time home buyers (ie condos).