Tag Archives: Market Value

October 28, 2008 — More than 1,100 Greater Toronto REALTORS® gathered to hear Canada’s top experts talk about the future of the housing market at the Toronto Real Estate Board’s 88th Annual General Meeting October 27th. The following panelists covered a range of topics on the future of real estate: Don Lawby, President and Chief Operating OfficerCentury 21 Canada Limited …

SOURCE TORONTO (AP) — Canada’s central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks …

October 17, 2008 — Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. Sales volumes in the GTA decreased 18 per cent compared to the first half of October 2007, when 3,297 transactions were recorded and are down …

So here’s our pick of the week: Property is located in Newmarket, ON and is perfect for an investor. The property is currently listed for $265,000 and has a LEGAL basement apartment. Here is the math: Purchase price: $265,000Down payment: $53,000 Monthly Payment: $1,203.71Property Taxes: $ 213.29 You can rent the property out for: Basement: $700 (1 Bedroom can be …

I get the question alot, “When’s a good time to buy real estate?” and frankly, my answer always is whenever you’re ready! This answer is usually met with a smirk which reads more like, “I was expecting you to say that since you make a living through purchase and sale!” There is no way anyone can predict when the market …

TREB Members reported 6,424 sales of single family dwellings in September, down about six per cent from the 6,866 sales recorded during September of last year, Toronto Real EstateBoard President Maureen O’Neill announced today. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, …

LORI MCLEOD Globe and Mail Update September 30, 2008 at 1:00 PM EDT If the United States falls into a deep and prolonged recession it will drag the Canadian housing market lower and push back its recovery, says Benjamin Tal, senior economist at CIBC World Markets Inc. Each day that probability seems to be drawing closer, and it’s causing understandable …

TREB Members reported 6,318 in sales in August, President Maureen O’Neill announced today. “The 2008 Toronto summer market is ending on a solid pace,” noted the President. Sales were down 22 per cent from the record-breaking August 2007 of 8,059 single family dwellings, but were only off nine per cent from the more typical figure of 6,976 sales recorded in …

We’ve been working on a new website for the past couple of months and we’re happy to report that the new website is now ready and is being launched to the world wide inter web. Following is a comparison between the two websites visually. Old website New website There are some very noticable features that I’d like to point out …

Canadian Real Estate Association (CREA) recently launched a new Multiple Listing System for consumers which is sister to mls.ca with the url www.Realtor.ca The new website allows consumer to quickly and easily navigate to a neighborhood and see all properties currently listed to be mapped out using Microsoft Virtual Earth and can easily click on a dot (property) to see …