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Entries in Market Watch (253)

GREATER TORONTO REALTORS® REPORT Q2 CONDO MARKET FIGURES

TORONTO, July 18, 2014 – Toronto Real Estate Board President Paul Etherington announced robust results for the condominium apartment market in the second quarter of 2014. Q2 sales were up by 10.4 per cent compared to the same period in 2013. New listings were up over the same period, but by a lesser 4.4 per cent.

“Condominium apartments represent an affordable entry point into the market for first time buyers. On top of this, some condo properties cater to households looking to move out of their traditional low-rise home, and we are increasingly seeing households choose condos as the place where they will raise a family. This diversity of buyers explains why sales more than kept up with increased listings in the second quarter,” said Toronto Real Estate Board President Paul Etherington.

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Posted on Friday, July 18, 2014 at 02:44PM by Registered CommenterElaine in | CommentsPost a Comment

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET FIGURES

TORONTO, July 4, 2014 – Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also upcompared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June.

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Posted on Friday, July 4, 2014 at 02:20PM by Registered CommenterElaine in | CommentsPost a Comment

GREATER TORONTO REALTORS® REPORT MID MONTH RESALE HOUSING MARKET FIGURES

TORONTO, June 17, 2014 – Toronto Real Estate Board President Dianne Usher announced that bothsales and new listings were up substantially during the first 14 days of June 2014 compared to the sameperiod in 2013.

“If the first two weeks of June are any indication, we may be seeing a turnaround in the supply of homesfor sale in the Greater Toronto Area. New listings were up on a year-over-year basis for most major home types in the City of Toronto and surrounding regions. However, sales growth outpaced growth in new listings, which suggests that there is still a lot of pent-up demand yet to be satisfied, so sellers’ market conditions will likely remain in place for the remainder of 2014,” said Ms. Usher.

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Posted on Wednesday, June 18, 2014 at 02:34PM by Registered CommenterElaine in | CommentsPost a Comment

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET

TORONTO, June 4, 2014 – Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago.

Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for the month of May. This result was up by 11.4 per cent compared to 9,946 sales reported in May 2013. The average selling price for these sales was $585,204, representing an 8.3 percent year-over-year increase compared to the average price of $540,544 in May 2013.

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Posted on Wednesday, June 4, 2014 at 03:25PM by Registered CommenterElaine in | CommentsPost a Comment

Cottage financing: An entirely different kettle of fish

No furnace? No foundation? When it comes to buying a cottage, that could mean no financing.

City dwellers are beginning to think of ducks and docks as a respite from concrete and congestion. But unless you have the cash on hand, it’s important to understand mortgage options before you start looking for your slice of paradise.

“We like to make sure clients are fully educated so they’re not wasting their time,” says Jeremy Ridley, a Barrie, Ont.-based senior residential mortgage specialist at RBC Royal Bank. “Also that they don’t fall in love with a property that can’t be mortgaged within their means.” Preapproval is especially important, he adds, because of huge variances in location and the types of properties that are available.

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Posted on Saturday, May 31, 2014 at 03:05PM by Registered CommenterElaine in | CommentsPost a Comment | References1 Reference
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