Share Bank of Canada Governor Mark Carney has put Canadians on notice that today’s low borrowing costs are likely to increase by midsummer, if not sooner. Almost a year ago, Carney decided to combat the recession by taking the unusual step of promising to keep the bank’s overnight rate are the record low of 0.25% [...]
Share The Canadian housing market has been hot throughout the past decade, however it will cool over the coming years as higher interest rates begin to take effect and the population ages, according to the latest report on real estate trends from Scotiabank. Meanwhile, we expect a strong housing market this spring as buyers are [...]
Share In the last few years, we’ve seen a number of new technologies develop to help prospective buyers in their real estate transactions. From websites for realtors, to blogs (like this one!), to online listings, buyers now have a wealth of information to find out about their potential new home. If you haven’t already, you [...]
Share We have seen a dramatic change over the past 6 months in Erin Mills. We have seen a strong buyers market change to a strong sellers market. Over the past couple of years you heard how prices and sales of real estate in Erin Mills had been diminishing. During the past 6 months we [...]
Share Historically low interest rates on mortgages continue to drive demand and push home sales in the GTA. The Toronto Real Estate Board reported 8,476 sales across the GTA for the month of October, up 64 per cent from October 2008. This number includes both the 905 and 416 exchanges. The average sale price across [...]
Share I left off yesterday by explaining I will be getting into detail about tricks buyers might use to avoid liability in the case they are unable to afford the purchase of your home. One situation is when the buyer will make an offer in the name of a corporation as the buyer. The corporation [...]
