In Toronto and Vancouver, home prices are soaring and continuing to raise the bar on home ownership, says the latest Housing Trends and Affordability Report issued by RBC Economics Research. “There are few signs that housing affordability is problematic elsewhere in Canada,” says Craig Wright, RBC chief economist. “Homes in other markets remain affordable, with the situation […]
toronto home buyer
Don’t be a casualty of bidding wars in buying Toronto house in hot spring market
A century-old detached house in Toronto’s emerging Leslieville neighbourhood recently sold for $1.04-million, $140,000 more than the asking price of $899,999. From these numbers alone, anyone who has recently tried buying real estate in Canada’s largest city will know why that happened: a bidding war. With the Leslieville example just the tip of the iceberg, […]
Buyer Representation Agreement (BRA) Is A Legal Contract
Question – I am not getting along with my real estate salesperson and don’t think they’re going to lead me to a home I want and I would like to get out of my contract. Can I do that? Answer: It is unfortunate you are not getting along with your sales representative. Because […]
Rent or Buy – Global’s real estate calculator will help you decide
To rent or buy? That is a question Canadians across the country face as they weigh the pros and cons of making the leap into home ownership. Conventional wisdom says to buy property. We’re not making any more land, and with the Bank of Canada keeping interest rates low and mortgage rates falling it might seem like […]
Toronto Housing Starts in February 2016
TORONTO, ONTARIO–(Marketwired – March 8, 2016) – Housing starts in the Toronto Census Metropolitan Area (CMA) trended at 42,352 units in February 2016 compared to 45,296 in January 2016 according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of […]
