This just released today November-17-08, 8:56:49 PM The Bank of Canada held its benchmark overnight lending rate steady at three per cent at it’s setting on September 3rd. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 3.25 per cent. The Bank’s decision to hold interest rates […]
August 2009 Toronto Market Update:
November 17, 2008 by
Condos Now Being almost 40% of the market and being 67-68% first time home buyers means market updates do follow that market closely. The first time home buyer must move up for all other markets to subsequently keep moving with the exception of markets over $1.5 million market which do not particularily rely on the […]
Toronto Real Estate Is At An All Time High
April 30, 2008 by
Despite media efforts to convince people the market is collapsing our day to day experience proves otherwise. Almost every offer we go out on results in multiples. Monday night I went on an offer on a property in Riverdale overlooking Withrow Park. Priced seemingly right at $779,900. The home sold at $929,000. All this in […]
The Condo Crunch In Toronto
January 13, 2008 by
If your planning a pre build pruchase of a condo from a builder in Ontario then you need to watch this video. CBC has done an excellent builder expose . There is also an extremely useful tips list worth reading thru and paying attention to. click this link. Buying a New Condo In Toronto If […]
Hot Market Makes Renos Stronger
August 4, 2007 by
CMHC that’s Canada Mortgage and Housing Corp reports that renos are strong but with a twist. Where we used to reno to live in a home and enjoy it now folks are doing substantial renos for the sole purpose of Selling and getting a big buck for the place. Most renos are painting, flooring and […]