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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com

5 September 2019

August 2019 – home sales in the GTA are growing

According to the Toronto Real Estate Board (TREB), home sales in the GTA rose by 13.4% last month compared to August 2018.

TREB says there were 7,711 home sales made through the MLS system, while the number reached 6,797 a year ago.

Meanwhile, seasonally adjusted sales showed a 0.8% monthly increase.

The MLS home price index was up by 4.9% in August compared to a year ago, and the average price rose by 3.6% annually to $792,611.

23 August 2019

These areas in Toronto experienced more than 100% home price growth over the last 5 years

Location in Toronto where you are choosing  to buy you house could have a dramatic impact on your property price appreciation speed.

A new report from Zoocasa finds the pace of price appreciation over the last 5 years in 35 Toronto regions .

“Prices have more than doubled in a number of neighborhoods, especially in the condo market and areas with prices lower than the city average,” indicates Penelope Graham, managing editor at Zoocasa.

20 August 2019

The Bank of Canada may follow the example of Norway, not the U.S.

According to markets observer Kevin Carmichael, today’s situation controlled by the Bank of Canada, may have more in common with Norway than with the U.S.

Carmichael says the growing signs of slowing world stock markets will have different influences on Canada and its northern neighbour, especially with the U.S. facing now trade conflicts with China.

“The BoC may have more in common with the Norges Bank today,” - Carmichael noted. “Both banks manage rich mid-sized economies which rely on commodity prices and external demand more than most developed economies. They both tend to raise rates until factors out of their control change such plans”.

In July, the BoC kept its key lending rate at 1.75% for the sixth time in a row. In September, the Bank may follow Norway’s example, Carmichael says.

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13 September 2019

Federal parties are pressured to adjust B-20 before the election As October federal election is coming, Canadian real estate boards are demanding imp...Read more >>

12 September 2019

Smaller condos and larger houses – two main extremes of Canada’s real estate market In case you think your condo has become smaller, don’t worry, it’...Read more >>

11 September 2019

Most Canadians blame foreign buyers for home prices increase The recent poll by Equifax shows that almost two out of three Canadians consider foreig...Read more >>
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