Monthly Archives: August 2016

Month: August 2016 RBC says household debt goes up from higher credit lines, car loans

  In toronto real estate, Canadians’ non-mortgage debt loads picked up pace in the second quarter, putting households in an increasingly risky position, an RBC analysis suggested. Balances on consumer loans including credit cards and lines of credit – grew by 2.6 per cent year-over-year, driven primarily by the continued popularity of lines of credit and auto loans. That was the first uptick in Canadians’ appetite for those types of loans in 18 months, RBC economist Laura Cooper said in the report. In toronto mortgage, mortgage loan balances were up 6.2 per cent from the same quarter of the prior

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Month: August 2016 Toronto East York is Very Attractive for Families

  You Can Build Your Upgraded Home In A Good School District   1 Northridge Ave List Price: $699,000 Neighbourhood: Old East York, Toronto In toronto real estate, with the number of Toronto listings at all time lows, and an ever increasing demand, a perfect storm is created for homebuyers: options are slim, competition is high, and lists of “must haves” go out the window. It’s hard enough finding any home to buy in Toronto, let alone your dream home in a good school district. But fret not – although a little less conventional than the typical “buy and live” scenario,

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Month: August 2016 Royal Bank Monitors A Close Eye On Housing In Toronto, Vancouver

  In toronto real estate, Royal Bank CEO David McKay says the lender is “closely monitoring” the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace. “The short supply of single-family homes in both cities — coupled with strong demand fuelled by household formation, including net immigration — has driven strong price appreciation,” McKay said during a conference call to discuss the bank’s third-quarter results. “We have prudent underwriting practices in place and the necessary technology to closely monitor these markets and quickly react as situations may materialize.” In toronto mortgage, McKay

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Month: August 2016 Extra Weight May Have Greater Impact on Diabetes Than Heart Disease

  In toronto health, carrying excess weight may have a greater impact on the risk for diabetes than it does on the risk for heart disease or early death, a new study has found. To look at the effect of obesity independent of genetics, Swedish researchers followed 4,046 pairs of identical twins whose average age was 58. One of the twins was overweight, and the other was not. Since identical twins have the same genes, their weight difference could not be attributed to genetics. The study is in JAMA Internal Medicine. In health and living, after accounting for physical activity,

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Month: August 2016 Toronto’s house price jump stirs fear foreign buyers may head Toronto

  In toronto real estate, Toronto’s housing market churned out another month of soaring price gains in July, 2016, fuelling concerns that it could be the next target of a tax on foreign investors. Almost 10,000 resale homes changed hands in the Greater Toronto Area last month, the highest recorded number for the month of July, 2016, the Toronto Real Estate Board reported. Average resale prices jumped 16.6 per cent to $709,825, with the cost of detached homes surging 21 per cent from the same period last year, to $952,983. Realtors say it’s still too early to tell how much

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Month: August 2016 Toronto suburbs looks more expensive than Toronto amid ‘acute shortage’ of homes

  In toronto real estate, Toronto had another month of record-breaking home sales in July, 2016, but the city’s real estate board is warning of a “troubling trend” that is sending home affordability out of range. “While sales were up on a year-over-year basis, the number of new listings was down over the same period, representing the continuation of a troubling trend in the GTA,” the Toronto Real Estate Board (TREB) said in a statement Thursday.   “As long as very strong buying intentions are up against an extreme shortage of listings, expect home price growth to greatly outpace the

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Month: August 2016 Downtown Toronto Rail deck park will be ‘legacy project’ for Toronto, city councillor says

  In toronto real estate, Toronto’s proposed rail deck park could be a “legacy project” for the city, says councillor Joe Cressy. Cressy announced plans to build the park, which would span 8.5 hectares (or 21 acres) along the city’s waterfront rail corridor from Bathurst Street to just past the Rogers Centre, with Toronto Mayor John Tory on Wednesday. Massive downtown #RailDeckPark will cover railway tracks from Rogers Centre to Bathurst “The only way we can create signature and central new parks and public spaces is by being a little more creative,” said Cressy, the councillor for Ward 20 where the proposed park will be, in an interview with Metro Morning.

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Month: August 2016 RBC looks at how price growth happens

  In toronto real estate, many an armchair analyst has speculated on the factors behind Toronto and Vancouver’s runaway home values. And now, a recent study by RBC Capital Markets brings more data to the table. According to its report, home prices increased at a compound rate of 5.6% annually from 1999 to 2015 in Toronto and 6.2% in Vancouver, outperforming the S&P/TSX Composite total return of 5.3%. RBC’s analysis found that four factors accounted for between 85% and 90% of those price increases since 1999: Lower interest rates Higher incomes An increase in the percentage of incomes used to make mortgage payments Larger down payment gifts

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Month: August 2016 CMHC is warning overvalued housing market in Toronto area

  In toronto real estate, the Canada Mortgage and Housing Corporation (CMHC) is sounding the alarm over several of Canada’s housing markets. There are troubling signs beyond the much talked about Toronto and Vancouver scenes. Bob Dugan is the Cheif Economist for the CMHC, the federal government’s housing authority. On the website the 70 year-old CMHC’s purpose is described as:  contributing “to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer objective housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and

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Month: August 2016 Scope of home selling services in Toronto are not all standard

  In toronto real estate, selling a home for most people is a rare occurrence and can be complicated, so hiring a real-estate salesperson to help you is a good first step to ensuring you have access to expert advice. When you list your home, you typically sign a seller representation agreement, commonly known as a listing agreement. This agreement sets out the terms and conditions under which real-estate brokerage services are to be performed. It also contains the asking price for the home and any additional fees for the services to be provided, over and above the base commission

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