Asking Price: 599,000.00 Stunning Green Park With Separate Entry To Professional Finished Basement Offers A List Of Features.Quality Ceramics & Parquet Flrs Throu Out...
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Dufferin Hills Home For Sale, 35 Wood Dale Rd.
Asking Price: 599,000.00 Stunning Green Park With Separate Entry To Professional Finished Basement Offers...
Thornhill Woods Home for Sale- 100 Autumn Hill Blvd
Asking Price: $620,000 One Of The Biggest Builder’s Model In Prestigious Thornhill Woods,Offers Elegant...
Thornhill Woods Home for Sale-331 Summeridge Dr
Asking Price: $737,000 One Of The Most Popular And Elegant Models Of Thornhill Woods....
Thornhill Woods Home for Sale-103 Redmond Dr
Asking Price: $749,000 Beautiful And Elegant 4Br Home In Desirable Area Of Thornhill Woods....
Thornhill Woods Home for Sale, 87 Redmond Dr
Price: $749,000.00 One Of The Most Popular And Elegant Models Of Thornhill Woods. Meticulously...
TORONTO HOUSING STARTS CONTINUE TO SOAR IN APRIL
The seasonally-adjusted annual rate (SAAR) of total housing starts for the Toronto Census Metropolitan Area increased by 19 per cent to 69,500 units in April, according to preliminary housing starts data released today by the Canada Mortgage and Housing Corporation (CMHC). The acceleration in activity over the past two months has led starts to strongly deviate above trend levels represented by the six-month moving average. “Movement on construction sites has sped up and a lot of activity has been brought forward into the early part of the year” said Shaun Hildebrand, CMHC’s Senior Market Analyst for the GTA. “Strong buyer interest for new condo projects and the tightness in resale market conditions for low-rise homes have been...
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Greater Toronto April 2012 Real Estate Market Figures
Toronto, May 3, 2012 – Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS System in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago. “Interest in single-detached homes has been very high, both in the City of Toronto and surrounding regions. Growth in single-detached listings has not kept up with demand, which means competition between buyers in this market segment increased. With this in mind, it was no surprise that the strongest annual price increase was also experienced...
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Condominium Assignments FAQ
General Questions 1. What is an assignment? An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the “Assignor”) of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the “Assignee”). The Assignee will generally assume all of the Assignor’s duties and obligations under the original Agreement of Purchase and Sale. These rights and obligations are stated in the original Agreement of Purchase and Sale and include terms such as interest payments, taxes and maintenance fees during interim occupancy. Upon completion, the Assignee is granted the title to the real property and will incur all...
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GTA REALTORS® Report Mid-Month Resale Housing Market Figures
Greater Toronto REALTORS® reported 4,557 transactions through the TorontoMLS system during the first two weeks of April 2012. This result represented an increase of almost seven per cent in comparison to the same period in April 2011. The number of new listings grew over the same period, but by a lesser annual rate than sales, which means market conditions tightened compared to last year. “Competition between buyers remained strong in many parts of the Greater Toronto Area during the first half of April, with many listings attracting a lot of attention. Strong competition meant that, on average, sellers priced within market value range received offers that matched their asking prices within three weeks,” said Toronto Real Estate...
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Bank of Canada maintains overnight rate target at 1 per cent
The today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The profile for global economic growth has improved since the Bank released its January Monetary Policy Report (MPR). Europe is expected to emerge slowly from recession in the second half of 2012, although the risks around this outlook remain high. The profile for U.S. growth is slightly stronger, reflecting the balance of somewhat improved labour markets, financial conditions and confidence on the one hand, and emerging fiscal consolidation and ongoing household deleveraging on the other. Economic activity in emerging-market economies is expected to...
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March 2012, Toronto Real Estate
Dear Friends, There are so many crazy stories about real estate these days; houses selling above asking price, multiple offers and new condominiums selling out overnight. It is no wonder people get confused and concerned about the future of the real estate market. The fact is that real estate is much in demand, but for good reason. Let me review some of those reasons for you. First and foremost, let’s remember this is Canada! With so much turmoil around the world, Syria, Africa, Asia, the economic woes of Europe, Canada stands as a safe refuge from war, famine and religious persecution. Our doors are open to new immigrants, and up to 300,000 per year are settling in...
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GTA REALTORS® Report Monthly Resale Housing Market Figures
Toronto, April 4, 2012 – Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS System in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011. “The GTA resale market has not suffered from a lack of willing buyers this year. Buyers have been spurred on by the positive affordability picture brought about by low mortgage rates,” said Toronto Real Estate Board President Richard Silver. “The challenge has been a lack of inventory. Many listings have attracted multiple interested buyers. Strong competition has led to annual rates of price growth well above the long-term average.” The average selling price in the GTA was...
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Homebuying activity strong out of the gate, as a more competitive market takes shape for spring 2012, says RE/MAX
Major Canadian real estate markets continued to show exceptional resiliency throughout the first quarter of the year, with strong demand and diminished supply setting the stage for a heated spring 2012, according to a report released by RE/MAX. The RE/MAX Market Trends Report, highlighting sales, price, trends and developments in 15 markets across the country, found that 12 of 15 Canadian centres (80 per cent) were reporting year-to-date (January-February) sales activity ahead of last year’s levels, with more than half reporting double-digit increases. Low interest rates, coupled with strong consumer confidence levels and a mild winter, played a significant role in the upswing, ushering in an early start to the spring market. Average price climbed in 14...
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GTA REALTORS® Report Mid-Month Resale Housing Market Figures
–During the first 14 days of March, Greater Toronto REALTORS® reported 4,215 transactions through the TorontoMLS system, representing a seven per cent increase compared to the same period in 2011. The number of new listings was down by two per cent year-over-year to 6,970. “Home buyers continue to benefit from the affordable housing situation in the GTA. Immigration to Toronto and surrounding areas adds to the pool of home buyers every year. The economic and ethnic diversity found in the GTA consistently attracts newcomers and foreign investment,” said Toronto Real Estate Board (TREB) President Richard Silver. The average selling price for transactions between March 1 and 14 was $502,155 – up by more than nine per cent...
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