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Preview: Greater Toronto Real Estate Market Blog - Greater Toronto homes for sale

Greater Toronto Real Estate Market Blog – Greater Toronto homes for sale



Greater Toronto Area market news blog for the popular Toronto web site - http://www.torontogreathomes.com



Last Build Date: Fri, 08 Apr 2016 14:30:54 +0000

 



Toronto real estate. Canadians are more cautious with debttorontorealestateguy

Thu, 23 Sep 2010 04:57:09 +0000

Consumers are more “prudent” with credit after racking up a record amount of household debt earlier this year. Gerry McCaughey, chief executive officer of the Canadian Imperial Bank of Commerce, said he is confident that Canadians remain capable of keeping up with their payments – despite much hand-wringing in recent months about skyrocketing household debt. […](image)


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Toronto real estate. CANADA’S CONSTRUCTION STARTStorontorealestateguy

Tue, 31 Aug 2010 04:54:06 +0000

Total construction starts in Canada through July of this year were up 73 per cent in square footage and up 70 per cent in dollar volume versus the first seven months of last year, according to CanaData figures. The residential component was up 87 per cent in square footage and up 84 per cent in […](image)


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Toronto real estate. Benefits of using a mortgage brokertorontorealestateguy

Tue, 24 Aug 2010 19:39:49 +0000

1. Save time with one-stop shopping. It can sometimes take weeks to organize appointments with competing mortgage lenders — homebuyers would rather spend their time house-hunting. Brokers work directly with lenders and can quickly narrow down a list of options that suit you best. 2. Advice on your financial options. Mortgage brokers can make recommendations […](image)


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Toronto real estate. CANADA HOME PRICES INCREASEDtorontorealestateguy

Wed, 28 Jul 2010 18:03:28 +0000

Canadian home resale prices rose for a 13th straight month in May, the longest streak since September 2006, the Teranet-National Bank Composite House Price Index showed. The monthly gain of 1.3 percent was led by a 2.3 percent increase in Ottawa, followed by 1.8 percent in Montreal, according to a report today by National Bank […](image)


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Determining the best mortgage typetorontorealestateguy

Wed, 16 Jun 2010 03:48:06 +0000

When comparing the monthly mortgage payment only with the adjustable versus the fixed rate, the adjustable will always win (because the rate is lower). The variable rate is a higher risk product whereas the fixed rate is a guarantee for a set term. Most of us are aware that with investments, risk is usually the […](image)


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FORECLOSURE IN CANADA: YES OR NO?torontorealestateguy

Mon, 31 May 2010 01:47:04 +0000

Canadians will be spared a U.S.-style wave of foreclosures when the housing market corrects and interest rates rise, according to a report from DBRS Ltd. examining Canada’s $1-trillion mortgage market. DBRS expects housing prices to fall and acknowledges that the soaring trajectory of consumer debt is worrying. But the debt-rating firm’s study nonetheless paints a […](image)


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Most Canadians are `comfortable’ with mortgage debttorontorealestateguy

Mon, 26 Apr 2010 21:04:44 +0000

Eighty-one per cent of homeowners surveyed by the Canada Mortgage and Housing Corp. say they are comfortable with their current level of mortgage debt. The online survey of more than 2,500 homeowners also found that 68 per cent “feel there is a strong chance they will pay off their mortgage sooner than required” and 27 […](image)


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Toronto real estate. TORONTO REAL ESTATE MARKET UPDATEtorontorealestateguy

Mon, 22 Mar 2010 20:31:56 +0000

Record breaking warm temperatures in March helped bring out buyers during the first two weeks of the month. The Toronto Real Estate Board reported 4,353 existing home sales, up 70 per cent from the same time last year, when the market was in recession. But sales were also strong enough to break the mid-month peak […](image)


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Toronto real estate. Countdown begins to interest rate hikestorontorealestateguy

Mon, 08 Mar 2010 17:58:00 +0000

The Bank of Canada took its first steps in March toward returning the country to more normal interest rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” consumer demand. The messages were conveyed in the Bank of Canada’s latest interest-rate statement, which kept its record-low […](image)


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Toronto real estate. February record sales activity jumps 74 per cent in Torontotorontorealestateguy

Tue, 23 Feb 2010 06:00:17 +0000

The Greater Toronto Realtors reported a 74 per cent increase in sales for the first two weeks of February compared to last year, when the recession hit hardest. There were 3,555 sales through MLS during the first half of this month, compared to 2,0044 during the same period in 2009. This month’s activity was even 7.7 […](image)


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