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Signs of bidding wars appear as GTA mid-month home sales jump 30%

Friday May 18th, 2018

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While the GTA housing market has remained relatively cool so far this spring, activity could be starting to heat up in May. According to data from Zoocasa, GTA home sales grew 30 per cent from April 1-15 to May 1-15, while falling 31 per cent year-over-year. Condo sales are particularly high, rising 48 per cent month-over-month for the first two weeks of the month. In comparison, detached homes saw a 21 per cent month-over-month increase. The market continues to be a cool relative to... [read more]

This is why the GTA condo market is still red hot, despite a dip in sales

Tuesday May 15th, 2018

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FULL ARTICLE: http://news.buzzbuzzhome.com/2018/05/gta-condo-market-red-hot-dip-sales.html?utm_source=Weekly+BuzzBuzzReport&utm_campaign=128852a136-EMAIL_CAMPAIGN_2018_04_05&utm_medium=email&utm_term=0_6d6db2b31f-128852a136-217989181   The GTA housing market has been seeing year-over-year sales drops every month since January, and the condo market is no exception. Yet despite the dip in sales, prices have continued to rise. The reason? According to one expert, it all... [read more]

This is why the GTA condo market is still red hot, despite a dip in sales

Thursday May 10th, 2018

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http://news.buzzbuzzhome.com/2018/05/gta-condo-market-red-hot-dip-sales.html?utm_source=Toronto+Housing+Market+Alerts&utm_campaign=54a3cd770b-EMAIL_CAMPAIGN_2018_05_09&utm_medium=email&utm_term=0_bcfe05be4e-54a3cd770b-217989625   The GTA housing market has been seeing year-over-year sales drops every month since January, and the condo market is no exception. Yet despite the dip in sales, prices have continued to rise. The reason? According to one expert, it all has to do... [read more]

How 22 Toronto homeowners ended up in condos they don’t own

Tuesday May 08th, 2018

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READ THE FULL ARTICLE HERE: https://www.thestar.com/life/homes/advice/2018/04/28/how-22-toronto-homeowners-ended-up-in-condos-they-dont-own.html   How is it that 22 condominium owners in a north Toronto development do not own the units they are living in? This is the case at Liberty Walk Condominiums, an attractive stacked townhouse development at 760 Lawrence Ave. W., between Dufferin St. and the Allan Expressway, that was completed in March, 2003. Unit owners last month... [read more]

Raising the Bar on New Home Sales - Dinah Steele featured on buildingexcellence.ca

Thursday Apr 19th, 2018

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http://buildingexcellence.ca/2018/04/14/the-co-broker-raising-the-bar-on-new-home-sales-apr2018/ t’s time to look locally for the next buying wave. No matter what the market, there is still always a market. Be it first-time buyers, empty nesters, move up/down buyers or investors. It just comes down to finding them a place to live. Perhaps first-time homebuyers that dreamed of a traditional detached may have to settle for a condo since pricing is out of reach.... [read more]

According to this bank, the GTA housing market is finally over the “stress test hump”

Thursday Apr 12th, 2018

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From BuzzBuzz.com: On the surface, the GTA housing market seemed to have a rough month in March, as sales dropped 39.5 per cent year-over-year. But according to one economist, the market might have finally adjusted to the new mortgage stress test that came into effect earlier this year. “On the surface, [home sale numbers] continued to point to significant weakness in activity on a year-over-year basis in [the GTA],” writes RBC senior economist Robert Hogue, in a recent... [read more]

Housing Recession Almost Over

Wednesday Feb 21st, 2018

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The Analyst: Housing recession almost over By Andrew Brethour “The housing recession is almost over,” were the opening remarks from Peter Gilgan, the founder and CEO of Mattamy Homes at a recent Urban Land Institute “fireside chat” at the Board of Trade. I have had the distinct privilege to follow Peter’s remarkable career since its inception in 1978. He explained the secrets to his amazing success as these: An insatiable curiosity; A... [read more]

Population Growth Drives the Condo Market

Wednesday Jan 31st, 2018

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Full article here: http://news.buzzbuzzhome.com/2018/01/biggest-factor-affecting-torontos-new-construction-market-expert-answer.html?utm_source=Toronto+Housing+Market+Alerts&utm_campaign=649b3b9035-EMAIL_CAMPAIGN_2018_01_29&utm_medium=email&utm_term=0_bcfe05be4e-649b3b9035-217989625 [read more]

2018 Market: Sales Will Fall, Prices Will Drop

Wednesday Jan 31st, 2018

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Full article here:   http://news.buzzbuzzhome.com/2018/01/toronto-home-sales-will-fall-slightly-2018-prices-will-go-treb.html?utm_source=Toronto+Housing+Market+Alerts&utm_campaign=aec7e8f13c-EMAIL_CAMPAIGN_2018_01_30&utm_medium=email&utm_term=0_bcfe05be4e-aec7e8f13c-217989625 [read more]

Condo Unit Releases in 2018: The Impact on the Market

Thursday Jan 18th, 2018

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The condo market seemed to get hotter and hotter in 2017, as prices climbed amidst record demand and limited supply. With more units in the pipeline than ever before, will 2018 bring any relief? Read the artice here: http://news.buzzbuzzhome.com/2018/01/theres-supply-pipeline-ever-mean-torontos-condo-market.html?utm_source=Toronto+Housing+Market+Alerts&utm_campaign=3739dcf462-EMAIL_CAMPAIGN_2018_01_18&utm_medium=email&utm_term=0_bcfe05be4e-3739dcf462-217989625 [read more]

2017 Sees 18.3% Homes Sales Numbers Drop While Values Rise

Tuesday Jan 09th, 2018

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The Greater Toronto Area real estate market closed out 2017 with a big drop in December home sales, which were down 7.1 per cent from the previous year and down nearly 33 per cent from November's level. Read the full article here: https://www.ctvnews.ca/business/toronto-home-sales-for-2017-down-18-3-per-cent-from-2016-average-price-up-1.3745079 [read more]

10 Statistics from BILD/Altus Group October 2017 Re: The Market

Friday Nov 24th, 2017

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Here are 10 stats that you should know from the BILD and Altus Group October 2017 data released this week: 1. Of the 5,377 new homes sold in the GTA in October, 4,884 were multi-family, while only 493 were low-rise single-family homes. 2. Low-rise sales have continued to plummet in 2017, part of an ongoing multi-year trend. In October, low-rise homes made up a mere 9 per cent of total sales. 3. October saw record-breaking condo sales, with the month’s total coming in at 80 per... [read more]

What the New Mortgage Rules Mean for the Lending Market

Thursday Oct 19th, 2017

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From the Financial Post's Doug Alexander: Stress tests and a ban on mortgage bundling bad news for Canada’s non-prime lenders, RBC says Read Article Here: http://business.financialpost.com/personal-finance/mortgages-real-estate/new-mortgage-rules-may-push-borrowers-to-alternative-banks-rbc [read more]

ANALYSIS: The Impact of the 15% Non-Resident Speculation Tax

Tuesday May 30th, 2017

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We have reviewed the Press Release (https://news.ontario.ca/opo/en/2017/04/making-housing-more-affordable.html) and the Technical Backgrounder (https://news.ontario.ca/mof/en/2017/04/ontarios-fair-housing-plan.html) and present the following commentary on the impact of the new rules that take effect retroactive to April 21, 2017. 15% Non -Resident Speculation Tax This maybe more symbolic and psychological than impactful in the real market. Less than 6 % is the estimate from many... [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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