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Wednesday , 1 October 2014
  • New home sales strong in August: BILD

    New home sales strong in August: BILD

    The new homes market in Toronto had another strong month in August, the Building Industry and Land Development Association (BILD) reports. RealNet Canada, BILD’s official source for new-home intelligence, says that sales were up 60 per cent compared to last year, with large increases in both high-rise and low-rise sectors. The number of new low-rise home sales in August was 1,158, an increase of 44 per cent over August 2013, though still below the ten-year average. High-rise sales, meanwhile, were up 79 per cent, with 1,275 new condos sold, putting sales just above the ten-year average. Sales numbers for the year to date show that 2014 is on track to be one of the best years of the last ten for both low-rise homes and condos. Low-rise sales to date are up 59 per cent, with 12,147 new homes sold in the first eight months of the year. In the ... Read More »
  • Amid rising prices, shifting priorities, condos still the affordable option

    Amid rising prices, shifting priorities, condos still the affordable option

    It can’t be easy for buyers trying to break into Toronto’s real estate market, not with prices rising as fast as they are. If you don’t find what you’re looking for this week, by next week prices will have gone up again. You don’t want to rush in and buy something just for the sake of buying, but on the other hand, how much can you realistically afford? The longer you take to search, the more you’re going to pay. The Bank of Montreal’s latest Fall Home-buying Report shows just how serious the problem is for many buyers. More than half (57 per cent) of people who are hunting for a home in Toronto say that they will have to spend 20 per cent more than they had originally planned. That works out to an increase of about $106,000 over the original amount budgeted. For those that can afford to ... Read More »

Recent Posts

  • The reverse mortgage: approach with caution

    The reverse mortgage: approach with caution

    Suddenly reverse mortgages are being talked about again. The reverse mortgage is one of those products that seems to create a lot of confusion among consumers, if not controversy. Just consider the headlines on a couple of recent stories—“Love them or loathe them, reverse mortgages have a place” from the New York Times; “Why Financial Advisers Still Hate Reverse Mortgages” from Bloomberg, and “Five Reasons to Avoid a Reverse Mortgage” from US News & World Report. Headlines like these do not appear to be designed to win converts or inspire confidence. They couldn’t be less like the advertising slogans for the product, which are all about attractive seniors and their dreams and goals and accomplishments. The Bloomberg piece compares reverse mortgages to a car’s airbags: useful, but only when you’re in serious trouble. It notes that the number of people actually taking out reverse mortgages in the US is down ... Read More »
  • Realtor’s disappearance a reminder of job’s dangers

    Realtor’s disappearance a reminder of job’s dangers

  • Driving is worst possible way to get to work: study

    Driving is worst possible way to get to work: study

  • New home sales strong in August: BILD

    New home sales strong in August: BILD

  • Award-winning Alexandra Park construction gets underway

    Award-winning Alexandra Park construction gets underway

  • The reverse mortgage: approach with caution

    The reverse mortgage: approach with caution

    Suddenly reverse mortgages are being talked about again. The reverse mortgage is one of those products that seems to create a lot of confusion among consumers, if not controversy. Just consider the headlines on a couple of recent stories—“Love them or loathe them, reverse mortgages have a place” from the New York Times; “Why Financial Advisers Still Hate Reverse Mortgages” from Bloomberg, and “Five Reasons to Avoid a Reverse Mortgage” from US News & World Report. Headlines like these do not appear to be designed to win converts or inspire confidence. They couldn’t be less like the advertising slogans for the product, which are all about attractive seniors and their dreams and goals and accomplishments. The Bloomberg piece compares reverse mortgages to a car’s airbags: useful, but only when you’re in serious trouble. It notes that the number of people actually taking out reverse mortgages in the US is down ... Read More »
  • Realtor’s disappearance a reminder of job’s dangers

    Realtor’s disappearance a reminder of job’s dangers

  • Driving is worst possible way to get to work: study

    Driving is worst possible way to get to work: study

  • Massive real estate development would boost Greek economy

    Massive real estate development would boost Greek economy

  • Homebuyers choose walkability over size: RBC

    Homebuyers choose walkability over size: RBC

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