Wednesday, June 5, 2019 @ 12:00 AM
Posted By: Eric Axiak
Greater Toronto Area REALTORS® reported 9,989 transactions through TREB's MLS® System in May 2019.* While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for
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Category: Market Watch
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Tuesday, June 4, 2019 @ 12:00 AM
Posted By: Eric Axiak
One of the biggest differences in qualifying for a mortgage today vs. three years ago was the introduction of the stress test on all mortgages. This basically means that you must qualify as if your rate was higher than the rate your payments are based on. More specifically, you must qualify based
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Category: Mortgage Info
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Tuesday, May 7, 2019 @ 10:56 AM
Posted By: Eric Axiak
TORONTO, ONTARIO, May 6, 2019 – Toronto Real Estate Board President Garry Bhaura announced that 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
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Wednesday, April 3, 2019 @ 12:00 AM
Posted By: Eric Axiak
April 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to
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Sunday, March 31, 2019 @ 12:00 AM
Posted By: Eric Axiak
There were multiple possible changes on the table for mortgage regulations for the federal budget which was announced recently. Everything from increasing the amortization to 30 years on insured mortgages and upping the maximum purchase price on insured mortgages (currently at $1 million), to increasing the maximum RRSP limit for
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Category: Real Estate
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Tuesday, March 5, 2019 @ 12:00 AM
Posted By: Eric Axiak
With all the publicity recently surrounding the news about some banks ‘duping’ their customers, it’s good to be informed on what to watch out for to ensure you aren’t choosing the short straw when it comes to your mortgage options. These traps could potentially end up costing you thousands if
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Category: Mortgage Info
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Tuesday, March 5, 2019 @ 12:00 AM
Posted By: Eric Axiak
March 5, 2019 -- Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over-year basis. Sales were also down compared to January 2019 following
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Wednesday, December 5, 2018 @ 12:00 AM
Posted By: Eric Axiak
The Bank of Canada announced this morning that they will be maintaining their overnight rate, which means there is no increase to prime rate. This is exactly what was expected to happen. This announcement came this morning, December 5th at 10am EST. As we head into 2019, the Bank of Canada will continue
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Category: Real Estate
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Wednesday, December 5, 2018 @ 12:00 AM
Posted By: Eric Axiak
December 5, 2018 -- Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year
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Monday, November 5, 2018 @ 12:00 AM
Posted By: Eric Axiak
Since mid-2017, mortgage rates have been on the rise and 5 year fixed products have already increased as much as 1.50% since that period. I would love to be able to tell you that rates have plateaued,
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Category: Real Estate
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