Category Archives: Market News

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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House Price Growth Continues in February

Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012.  It should be noted that 2012 was a leap year with one extra day in February.  A 28 day year-over-year sales comparison resulted in a lesser decline of […]

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Baby Boomers are moving but not to Condo

Single-family homes remain the most popular property type among both Baby Boomers and Generation Y, according to Royal LePage survey According to Royal LePage National Survey, despite the perception that aging Baby Boomers may create an oversupply of traditional single-family homes as they downsize into smaller residences, a new Royal LePage Real Estate survey shows […]

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First time buyer are back?????

Just a few weeks ago, the house on East York’s Marlow Ave. would have looked like a simple starter home — two bedrooms and two bathrooms crammed onto a 17-by-93-foot lot, listed for $469,900. But by Monday night, after the barn-shaped detached home sold for $525,000 in a flurry of eight competing offers, it became […]

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