Toronto Real Estate and Canada Mortgage Blog

Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488.The average pric...

As the Canadian real estate market continues to move from a hot seller's market to more balanced conditions, agents are finding it harder to reconcile the expectations of buyers and sellers. This in-between kind of period where people seem to be waiting to see what will happen. Toronto existing h...

1. Know your current lifestyle costs. Running a home is no different than a business, and understanding expenses is non-negotiable. So, study your bills and bank statements and figure out what it really costs you to live now, pre-mortgage. 2. An illness, job loss or any number of troubles can qui...

The seasonally adjusted annual rate of housing starts was reported as 189,100 units in May, according to Canada Mortgage and Housing Corporation, down from the revised 201,800 units in April. "Housing starts decreased in both the singles and the multiples segments in May," said Bob Dugan, chief e...

Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May. This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059. ...

•   Housing starts rise in January and are now 23% below their trough in April of last year. •   Weekly jobless claims move up and barely budge on a four quarter moving average basis. •   Headline inflation falls to 2.6% from 2.5% in December. Core inflation falls to 1.6% from 1.8% •   The Canadi...

Greater Toronto REALTORS® reported 1,749 existing home sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low. "We have had a strong start to ...

Once again, the Bank of Canada announced it would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent. While the Bank said economic growth in Canada resumed in the third quarter of 2009 and there has been a slightly higher than expected rate of...

The average North American household spends $1500 annually on energy bills, a number that may go up as much as 50 percent this year. In the face of higher energy costs this winter, improving energy efficiency is more important than ever to homeowners. Here are some simple and inexpensive steps y...

In October 2009, Greater Toronto REALTORS(R) reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 - up by 20 per cent compared to the same month last year. "Strong sales growth has occurred across many property classes - from price ranges...