August 9th, 2012
It is important to also look at the outlook of the region as a whole, so let me introduce some basic prospects of the Ontario market before I focus on Toronto. Lower interest rates seem to have a positive effect on housing activity in Ontario. The numbers showed in the beginning of this year show that the U.S. market stabilization also influenced Ontario in a very positive manner, enhancing its exports and approaching the pre-recession levels quite swiftly. The migration in the region has the potential to influence the new housing activity positively, also to a moderate increase, after the region has secured job prospects.
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Housing Market in Toronto after Second Quarter continued...)
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June 15th, 2012
Toronto by David Megginson
While my mind is stuck somewhere around Easter, June has come. We can thus summarize the housing situation in the Greater Toronto Area for yet another month. Here is a short summary of what May 2012 was like. Sales, listings, prices — all went up last month!
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Housing Market in the GTA – May continued...)
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May 10th, 2012
Toronto Skyline by Matthew
This year is passing by unbelievably fast! Another month is behind us, which is good news for those who are eager to have fresh updates about the housing market in the Greater Toronto Area. The market report for April 2012 has been published, and here are its findings!
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Housing Market in the GTA – April continued...)
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May 4th, 2012
Real estate investment is not an easy business. It takes a lot of time, energy, effort, and patience to succeed. Some might feel that they are doing everything they can, yet nothing seems to work. In my opinion, success very much depends on one’s personal qualities. What should one do and what qualities should one posses to be a successful real estate investor? Of course, there is no formula for success, but sometimes it is helpful to generalize.
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Six Real Estate Investor Qualities continued...)
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April 13th, 2012
Toronto Skyline by Michael Caven
If you were wondering how March real estate sales in the Greater Toronto Area fared, we have some fresh data for you! As Toronto Real Estate Board President Richard Silver said, “The GTA resale market has not suffered from a lack of willing buyers this year.” Indeed, Greater Toronto REALTORS® reported a noticeable year-to-year increase in sales, which was accompanied by rises in prices and new listings as well.
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Housing Market in the GTA – March continued...)
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April 13th, 2012
The debt-to-income ratio is currently the most discussed economic data in Canada. It is published each quarter by Statistics Canada and cited innumerably in articles warning about Canada’s rising debt. What does it really mean? And what is your debt-to-income ratio?
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Debt-to-Income Ratio: Canada’s Scarecrow continued...)
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March 29th, 2012
39 Wells Hill Avenue
How easy is it to determine the selling price of a property? There are many factors involved, and sometimes even experienced real estate agents can be surprised by the outcome of a sale.
The Globe and Mail recently presented this quiz, using properties featured in their Done Deals section, to ask you: Can you guess the selling price of these properties?
Take the Quiz!
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Guess the Selling Prices of These Toronto Homes continued...)
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March 22nd, 2012
According to an RBC report, citizens of Ontario still have to allocate a slightly higher than average proportion of their income to cover their homeownership costs. The affordability measures improved only between 0.2 and 0.3 percentage points in the fourth quarter of 2011.
“This improvement reversed only part of the notable deterioration in the first half of last year so that levels remained slightly above long-term averages, particularly in the two-storey home segment,” says the report. “Nevertheless, there continues to be few signs of strain in the Ontario market due to any lack of affordability.”
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House Affordability in Canada, Ontario and Toronto: Slight Improvement continued...)
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March 15th, 2012
Toronto Houses by Caro11ne
The Greater Toronto Area housing report from the shortest month of the year has been published! Once again, its results are satisfactory, as a very significant year-to-year rise in sales as well as new listings, and also prices, was recorded. Some might argue that this is because February 2012 was a day longer than February last year, but the report did not neglect this fact either. Even considering only the statistics from the first 28 days; sales, new listings and prices were still up from 2011.
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Housing Market in the GTA – February continued...)
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March 11th, 2012
Real Estate Investing in Canada
“Reading well is one of the great pleasures that solitude can afford you,” Harold Bloom said. Indeed, there is nothing better than being able to have a little time to yourself to read a good book. While fiction is certainly enjoyable, often it is pleasant to read a book that offers its readers something more than the exciting and intriguing life stories of its characters — a book from which we can learn. In this article, I want to offer a little help for all those who want to know more about real estate investment. Here is the list of the top ten real estate investment books that you will not regret spending a few evenings with.
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Top Ten Real Estate Investment Books continued...)
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February 14th, 2012
Toronto by d3b
Greater Toronto Area housing statistics for the month of January have been published. If you are wondering whether the first month of 2012 was as successful as a great part of 2011, here is the answer: last month, Greater Toronto REALTORS® reported 4,567 sales through the Toronto MLS® system — an increase of 8.8 per cent from the 4,199 homes sold in January 2011!
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Housing Market in the GTA – January continued...)
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January 30th, 2012
January 2012: Elli’s advice column in the recently published Toronto Life Real Estate Magazine offers some great insight to those considering buying or selling a home in today’s market.
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Toronto Life Real Estate Advice Column continued...)
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January 11th, 2012
Toronto Cityscape by ilkerender
Another month, and in this case, another year, is over! What does this mean? Yes, it is time to summarize. Let me start with the Greater Toronto Area housing statistics, as reported by Greater Toronto Realtors. This past month has been quite successful, with 4,718 homes sold in the GTA through the Toronto MLS® system. In comparison, in December 2010, only 4,286 sales were recorded.
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Housing Market in the GTA – December continued...)
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January 9th, 2012
In early 2007, the Conference Board of Canada and Genworth Financial Canada released a joint study on the Toronto condominium market. The report concluded that the price of a resale condominium would increase an average of 4 per cent annually — from $239,816 in 2006 to $292,077 by 2011.
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Dynamics of the Toronto Condominium Boom continued...)
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December 20th, 2011
The fall months seem to have been a greatly successful with regard to the housing market in the Greater Toronto Area. November did not disappoint. On the contrary, it was all about increases! Not only did the number of homes sold through the Toronto MLS® system go up by more than 10 per cent over the year, but also new listings and, once again, prices did not fall behind.
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Housing Market in the GTA – November continued...)
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December 9th, 2011
Over the past 10 to 15 years, the average residential real estate sale transaction has gone from a relatively straightforward deal to a more sophisticated business transaction. The basic mechanics remain the same: list the property, find a buyer, and close the deal. However, other requirements have made the sales process more convoluted, including disclosure statements, home inspections, environmental issues, and the Internet.
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How to Choose a Realtor continued...)
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November 3rd, 2011
Farm on the edge of
Chesapeake Bay
Do you have your portfolio of condos, lofts, and luxury houses but still want to include more properties? Maybe it is time to consider investing in farmland
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Farmland Value Rising, Farmers Happy continued...)
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October 20th, 2011
Blue And Pink Piggy Banks by Ken Teegardin
The very first thing you have to realize about the difference between residential and commercial financing is that commercial real estate can be represented by more than just shops, warehouses and machine shops. The margin between residential and commercial real estate can be quite blurry. Peter Kinch offers an interesting comparison.
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Residential Vs. Commercial Financing – The Difference continued...)
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October 5th, 2011
Every new condominium development project is altering Toronto’s look and dynamics a little. Thousands of new condos have been built in the city over the last couple of years, and this activity does not seem to be on the decline. On the contrary, there are more and more condos being built. More than 40 condo projects are supposed to be launched in Toronto this fall alone, and hundreds are already being built. Discover a few of the most interesting ones.
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Condo Projects in Toronto continued...)
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September 30th, 2011
The Annex by Zach
Spring and summer 2011 were pretty busy seasons in the Greater Toronto Area real estate market. Low interest rates are still fueling buyers’ activity and caused substantial activity in terms of sales. The average property price is rising swiftly, contributing around 10 per cent on a year-to-year basis.
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Homebuyer’s Strategy For Upcoming Months continued...)
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