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TORONTO HOUSING MARKET

Wednesday Oct 19th, 2016

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Going forward with the new mortgage rules affecting Toronto housing market, if you do choose a 5 year fixed rate currently at rate of 2.39% , you will not be qualified at same rate but, will now be qualified at the bench mark rate of 4.64%. This surly is going to reduce the buying power in the market. For example previously  with an income of $100,000.00 with good credit a person could purchase a home for the price of $710,000.00, with the new rule now with the qualifying rate of 4.64%... [read more]

Market Conditions

Thursday Sep 29th, 2016

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There is a continuous growth of population in the GTA, which is resulting in the houshold growth. Favourable economic conditions such as  low borrowing rates are opening more opportunities for investing in the realestate market. We will remain on track for another record year with these conditions.  [read more]

Practice to Perfection

Tuesday Aug 02nd, 2016

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The more you practice and bring quality in your work and not be concerned with the quantity, that surely will determin the bright side of your performance, as the saying goes on -- Practice makes a man perfect. [read more]

Condominium Market

Monday Jul 04th, 2016

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Demand for the Condominium apartments still going strong, has kept up with the supply of listings. Condo housing is an important entry into the home ownership for the first time home buyers, new immigrants and investors.  Average Condo Apartment selling price in the range of $393589.00 in the first quarter of 2016. At present Condo aprtment market segment remains best supplied in GTA Market. The range and affordability for Condo housing  tends to attract not only the first time... [read more]

Population Growth in the GTA and Housing

Monday Jun 08th, 2015

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In relation to the western provinces, employment and income advantages in the GTA will promote stronger population growth through immigration to Canada. As such, more immigrants will choose homes and condos for sale in Toronto. The net migration, which dropped to 53,000 in 2014, is projected to gradually recover to around 60,000 in the next few years. These new home buyers and Canadians will also get help from a Toronto MLS (Multiple Listing Service) and a realtor to help make their decision. [read more]

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