Just How Affordable is a Toronto Mortgage?
Toronto real estate has been in the hot seat for awhile now. It’s far too active, prices are still too high, and there’s an overstock of inventory on the market right now that one day, is going to bite builders in the but. But is this city really too pricey for most? Or is it…
Read moreLittle Change in 2012 Toronto Housing Market vs. 2011
Thanks to an extremely hot first half of the year last year, the Toronto housing market saw very little change from 2011 to 2012. While prices did dip somewhat, overall there was very little change in 2012 from the year before. This may come as a surprise to some, as the latter part of 2012…
Read moreWill the Land Transfer Tax Move to Mississauga?
Ask around to different buyers around Toronto on how they feel about the price of a home in the city. Along with the moans of climbing prices and properties that are way out of budget, you’re also likely to hear about the Toronto land transfer tax. This tax is placed on any property purchased, in…
Read moreTrump Tower Developers Suing Investors for Backing out of Toronto Mortgages
There’s a lot of trouble currently happening with Toronto’s Trump International Hotel & Tower, and it’s gotten litigious. Investors are having trouble securing a Toronto mortgage, meaning that they can’t close on those units. Because they can’t close on those units, but have committed to buy them, the developers of the condo, Talon International Inc.,…
Read moreBidding Wars Still Present in Toronto, but not on Toronto Mortgages
At the very height of the boom that Toronto has been in lately, there were bidding wars on just about every home that was on MLS. Even the amenity-deprived and multiple-room-challenged homes would still receive offer after offer during the huge real estate boom that’s been occurring in Toronto for the past couple of years….
Read moreNow is Not the Time for Toronto Sellers to Panic
It’s not hard just to secure a Toronto mortgage these days; it’s also difficult to try and get rid of one by selling your home. It’s true. Right now, things could look pretty grim if you look at them too closely. Toronto home sales have dropped while new listings have gone up, leading many to…
Read moreAnother Factor Hurting Toronto’s Housing Market
There have been a lot of fingers pointed in Jim Flaherty’s direction lately. His mortgage rules that went into effect in July have cooled markets all across the country (with the exception of Calgary,) and it’s now much harder to buy a home. But when it comes to Toronto, there may be something else at…
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