Monthly Archives: April 2013

Average Price up in March and First Quarter

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES TORONTO, April 3, 2013 — Greater Toronto Area REALTORS® reported 7,765 transactions through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385 transactions in March 2012. While the year-over-year dip in March sales followed the trend that has unfolded since mid-way through 2012, […]

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Ottawa may further dampen mortgage market

Federal budget proposals could curb competition and raise interest rates in the mortgage market. Canadian borrowers could find themselves paying higher mortgage rates if Ottawa goes ahead with budget proposals that would further reduce taxpayers’ exposure to the housing market, industry observers say. The proposals – which would restrict the use of default insurance available […]

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First-time buyers find Toronto real estate market hot as ever

Toronto real estate: Ottawa’s efforts to cool house prices have slowed condo market, but GTA house prices continue to climb First-time homebuyers Jody and Michael Fegelman have heard a lot of talk over the last year about Canada’s cooling housing market. All the couple have felt is the sting of its heat. During their 1½-year […]

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