Category: Max’s Humble Comments – Toronto Real Estate

Category: Max’s Humble Comments – Toronto Real Estate Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly

  Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly   The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month.   Sales in April, 2019 were the lowest in 24 years for a month that typically kicks off the busy spring homebuying season. Benchmark prices are down 8.7 per cent from their peak in mid-2018 and the number of homes sitting on the market has ballooned by nearly half, according to the Real Estate Board of Greater Vancouver.   Yet those awaiting

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Category: Max’s Humble Comments – Toronto Real Estate Toronto Real Estate TREB Published April, 2019 Resale Market Figures

  Toronto Real Estate TREB Published April, 2019 Resale Market Figures   TREB announced that the Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.   New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported number for sales. This suggests that market conditions continued to

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Category: Max’s Humble Comments – Toronto Real Estate 40% of Canadians are paying no income taxes, Prime Minister Trudeau knows this is right

  40% of Canadians are paying no income taxes, Prime Minister Trudeau knows this is right   The top 20 per cent is likely paying 70 per cent or more of all income taxes   Trudeau was speaking the complete truth when it comes to income taxes (HST, realty taxes and other consumption taxes are another story). It is just a truth that he may not want many Canadians to know.   On average, two of every five Canadian households do not pay anything towards federally and provincially funded expenses such as health care, education, community and social services, national

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Category: Max’s Humble Comments – Toronto Real Estate Faulty Kitec pipes may produce large repair cost for Toronto home and condo owners

Kitec pipes were used across the city a decade ago, but they quickly corrode and can cause flooding   Kitec plumbing — a plastic pipe with an aluminium lining — was introduced to the market in 1995.   Back in 1995, Kitec was considered an innovation and used in condominiums, homes and commercial buildings in Toronto and across Canada. The pipes were touted as durable, easy to install and cheaper than the popular copper alternative. But soon, homeowners and contractors realized the pipes corroded at an accelerated rate.   Class action lawsuit against Kitec The product’s failure rate sparked lawsuits,

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Category: Max’s Humble Comments – Toronto Real Estate GTA home sales went down 40% in March, 2018 when compared to March, 2017

  GTA home sales went down 40% in March, 2018, and the average price also declined by 14 per cent, according to the latest Toronto Real Estate Board report.   TREB reported 7,228 residential transactions in March, 2018 in the GTA, a large decrease from the record 11,954 sales reported in March 2017. The monthly figure of march, 2018 is down 17.6 per cent compared to average March sales for the previous 10 years.   The real estate market in the GTA is in retreat mode following detached  house prices increase by almost by one hundred per cent (100%) during

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Category: Max’s Humble Comments – Toronto Real Estate Real estate prices are declining in Toronto, is a market crash in the wind

  Post Title: Real estate prices are declining in Toronto, is a market crash in the wind   Max Seal’s Comments: The title of this post says it all. In March, 2018, the media reporters are competing for catchy “going-down-the-hole” negative headlines to describe crashing of Toronto housing prices. Just 1 year ago back in March, 2017, the same media reporters were suggesting that thousands of buyers may not be able to buy a house in their lifetime unless they entered the housing market in the Toronto area right away when house prices were galloping. Some people outside the larger

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