Toronto Home Purchasing Down, Prices Still Up
For the second month in a row, home purchasing in Toronto slows down while prices continue to increase. A quick look at the above chart gives you these stats: Sales on existing homes dropped by 12.5% compared to August 2011 Home prices rose by 6.5% Condo sales were down by 22% Toronto had 6.418 homes…
Read moreWhy Looking at Average Home Prices isn’t Enough
Many factors come into play when discussing the real estate market in Canada; and one of the biggest is home prices. Have they gone up? Increasing slightly could be a sign that our economy’s going up and that people are getting more value out of their home. But are they going up too high? That…
Read moreIs Your Property Value Going Down?
Experts have been predicting all year that property values are going to start declining across the country. And that those in especially hot markets, such as Toronto and Vancouver, can expect to see a 10 to 15 per cent decrease in their property value over the next several years. This of course has many homeowners…
Read moreShould the New Mortgage Rules be Revisited?
As of tomorrow the new mortgage rules will have been in effect for two months and, as predicted, they’ve had some impact on Canada’s housing and mortgage market. Those effects are just the ones that many with close ties in the industry feared; and just the ones that Jim Flaherty has hoped for. The reduced…
Read moreAre Cottage Sales Down? Or Just Early?
A survey that was completed by Leger Marketing for Royal LePage showed that 59 per cent of people who were planning on buying a cottage this year have backed off and decided not to after all. This one statistic has led to some confusion, largely on the part of Royal LePage. Along with the report,…
Read moreThe Magic of 70 Per Cent
70 per cent might equate to a “B” grade in the public school systems; but when that amount reflects our home ownership in Canada, it could be that we’re close to failure. That’s the number that Adrienne Warren, economist at the Bank of Nova Scotia, sees our next census hitting. And it’s gotten a lot…
Read moreAll Aspects of Calgary Housing Market are Up!
Calgary home sales, home prices, and home starts are all up – and going up! And while many might say that rising home prices are bad news for the economy, in fact it’s just the opposite. The good news is just that – good news! The chart below shows just how good that news is….
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