Does the Average Toronto Mortgage Really Cost Over $800,000?
Recent stats from the Toronto Real Estate Board show that the average price of a Toronto mortgage is now over $800,000. TREB actually states that the average price right now in TO is $805,308. But is that really right? If it is, that would mean that Toronto home prices were up by an incredible 17…
Read moreIt’s a Fact! More Young Adults are Living with Mom and Dad
The newspapers and blogosphere have been a buzz lately with news of how young adults are starting to live at home with their parents in order to save more money. Until now that news had all been based on unofficial surveys and interviews. But now, it’s official. The 2011 census results are in, and it’s…
Read moreFootage or Features: Which Would You Give Up?
The changes to insured mortgages that Ottawa put in place as of July have had quite an impact on Canada’s housing market. And while these changes were meant to make a difference, they’ve forced more than a few homeowners to make some very hard choices. One of those choices, says Stu Niebergall, executive director of…
Read moreCanada’s Cooling Down
The weather is finally starting to turn for all those that needed a break from this summer’s blustering heat. But it was months before the temperature dropped that the housing market was already beginning to cool in Canada. The new mortgage rules went into effect on July 9 and ever since then, a fairly severe…
Read moreToronto Leads the Way in Real Estate Starts
Housing starts were up in August all over the country, and the numbers are largely boosted by the Toronto condo market. In total there were 19,860 housing starts in August. That puts the seasonally adjusted annual pace (SAAP) at 224,900 units for the entire month; and that’s taken everyone by surprise. Not only because it’s…
Read moreWhat Does it Mean to be “Bulllish” on the Housing Market?
Over the past two years or so, the headlines in Canadian newspapers have been screaming that many experts and analysts across the country are “bullish” on the housing market. Just recently, one reader wrote in to ask us just what exactly this meant. “Bullish” is actually just one attitude that can be taken towards the…
Read moreCanada Makes the Best Housing Markets in the World!
According to Business Insider, Canada has been ranked as one of the top real estate markets in the world. The Insider’s charts included 14 different line charts, showing what home prices were doing in 14 different countries to collect the results. The timeframe used was the same for each, comparing stats from 2011 to those…
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