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Housing Market interesting Data

Tuesday Jun 06th, 2017

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Update from TREB TREB May numbers show a soft month for Toronto real estate market While year-over-year prices remained firmly in the double digits last month, home sales in the Greater Toronto Area took a hit compared to… CBC.CA     [read more]

GOOD NEWS FOR BUYERS

Friday May 26th, 2017

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Toronto Homeowners are suddenly in a rush to Sell.  https://www.bloomberg.com/news/articles/2017-05-24/toronto-bidding-wars-turn-to-homebuyers-remorse-as-market-slows   [read more]

Warning issued by RECO for Public Interest

Wednesday May 17th, 2017

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Today, RECO issued the following public advisory: The Real Estate Council of Ontario (RECO) is warning members of the public not to engage in real estate transactions, including Rent to Own transactions (RTO) with Christopher Parik of York Region. Mr. Parik was a salesperson registered under the Real Estate Business and Brokers Act, 2002 (REBBA 2002). His registration was terminated on January 31, 2017, and he is not legally permitted to trade in real estate. Mr.... [read more]

Market Statistics

Wednesday May 17th, 2017

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  Market Statistics What They Sold For - February 2017 Related Documents     Last updated March 7, 2017                   [read more]

Insolvency percentage of Canadians

Wednesday May 10th, 2017

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Millions of Canadians are Just $200 away from insolvency- REP Magazine Rising household debt is leaving millions of Canadians just $200 dollars from insolvency. That’s according to a survey by insolvency consultants at MNP which says that rising house prices, credit card debt and auto loans are all playing their part in the risk to household’s solvency. As reported by HuffPost Canada, 52 per cent of respondents say that they have a maximum of $200 at the end of each month... [read more]

Market Statistics

Monday May 01st, 2017

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Weekly Sales Report - April 20, 2017 REGION SALES Average Price Halton 225 $976,275 Peel 493 $796,554 Toronto 867 $877,279 York 431 $1,199,702 Durham 303 $700,006 Dufferin 11 $554,036 Simcoe 77 $714,407 Total 2,407 $898,729 NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end. *Data has been taken from TREB Last updated: April... [read more]

NEW NRST Tax details

Thursday Apr 27th, 2017

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  Hello Readers,   I am sure everyone is all over this already and found details necessary to address client’s concerns. I was pleasantly relieved after reading the Exemptions and Rebate portion. There is hope after all for our clients who are in the transition to become a resident.    Thought to share the link for your... [read more]

Market Statistics

Wednesday Apr 26th, 2017

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Market Statistics Weekly Sales Report - April 20, 2017 REGION       SALES    Average Price   Halton         225         $976,275   Peel             493         $796,554   Toronto     ... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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