How Does the March Break Influence Toronto's Housing Market? - 03/14/12 07:50 AM
For at least a couple of years, economists, real estate market experts, real estate agents, mortgage brokers, bankers and also quite a lot of ordinary home buyers are discussing Toronto's real estate bubble. Is it here? Is it about to burst? Or will it inflate even more in the coming year?
Well, first of all, the evidence of the existence of a housing bubble in Toronto is fueled by a huge condo boom which is a result of many factors. The city has a lot more opportunities than other areas and the unemployment is significantly lower than in rural parts of … (4 comments)

Greater Vancouver Real Estate Market Results: January 2011 - 03/05/12 07:25 AM
I presented an article from Jamie Sarner today (Toronto), and I think Vancouver deserves its share of articles as well. Without further ado - Jay Banks and market results from Vancouver!
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“The MLS® HPI is a national collaboration intended to give the public a more reliable and comprehensive tool to understand home price trends across the country,” Rosario Setticasi, REBGV president, commented on the launch of the new MLS® Home Price Index (MLS® HPI) replacing the MLSLink Housing Price Index, which had been used by Greater Vancouver and Fraser Valley REALTORS® since the mid 1990s.
The MLS® HPI benchmark price … (1 comments)

Strong Sales Growth in the Beginning of 2012 - 03/05/12 06:10 AM
Here's another article from Toronto realtor Jamie Sarner, today about the first month of 2012.
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Another month has passed and the Greater Toronto REALTORS® have released their housing market figures for January 2012. According to the report, there were 4,567 sales through the TorontoMLS® system in the first month of 2012. This represents an 8.8 per cent increase compared to January 2011, when the number of sales reached 4,199. Moreover, the steepest increase of sales was recorded in low-rise home types in the regions surrounding the City of Toronto.
“A favourable affordability picture bolstered by very low posted fixed mortgage … (0 comments)

Are Realtors Responsible for the Crisis? - 03/01/12 05:40 AM
I would like to present an article from my long-term realtor colleague Jamie Sarner. In this article he tackles the questions of realtor's responsibility for the crisis, an interesting read, actually.
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There have been lots of discussions about the causes of the financial crisis, the most controversial economic topic of the last decade. One of the main aspects of the financial crisis is the housing bubble. The housing bubble in the U.S. developed alongside the stock bubble in the mid ’90s. Housing prices began to inflate and then popped in the second quarter of 2006. The burst of … (3 comments)

 

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