toronto: Buying up in a down market! - 11/21/08 12:07 PM
Have you been waiting for a time when home ownership would become affordable again? Now is that time! With housing prices as low as they are, it is now easier for the renters who always wanted to buy, for the young couple in the townhouse or condo that have been … (0 comments)
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toronto: Toronto Real Estate Market Report - October 2008 - 11/13/08 07:46 PM
GTA sales down 35%; Toronto down 38%
Toronto Real Estate Board Members reported 5,155 sales in October, down 35 per cent from the 7,915 sales reported in October of 2007, and also down 25 per cent from the 6,876 sales reported during October 2006. Within the City of Toronto, … (1 comments)
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toronto: Canada’s housing market stabilizes in third quarter - 10/29/08 12:34 PM
The number of properties listed in some of Canada’s major markets was down this quarter. This shift can be interpreted as a shift towards a more balanced sales-to-new-listings ratio. To achieve what would be considered a “balanced market”, we look for the number of sales to equate to the number … (0 comments)
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toronto: Canada rated as the world’s soundest banking system. - 10/10/08 03:04 PM
For those of us concerned about how the much publicized American financial meltdown will permeate north of the border, we should all take some relief in knowing that a World Economic Forum Report on global competitiveness has rated Canada's banking system as the soundest system in the world.
These statistics were … (3 comments)
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toronto: PM says we’re OK. - 10/10/08 03:02 PM
Recent popular belief is that Canada will fall into the disastrous economic situation that has crippled the U.S. economy. As our economy is affected by what happens south of the boarder, it is important to understand that we have been able to maintain a solvent banking system (where the U.S. has … (0 comments)
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toronto: New Changes to Mortgage Lending - 10/10/08 03:00 PM
As of October 15, 2008, people interested in buying homes or refinancing mortgages should be aware of some significant changes that will affect HOW MUCH you can borrow and HOW LONG can you borrow it for.
To avoid the sub-prime lending meltdown that occurred in the U.S. and to maintain a … (0 comments)
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toronto: Thinking of Selling? - 10/10/08 02:59 PM
Getting the most money for your house in the quickest possible time with the least amount of hassle is usually the goal.....well, I guess it's always the goal!
The question then becomes ‘when is the best time to sell?' The answer is not an easy one and is often determined by … (2 comments)
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toronto: House Hunting Tips - 10/10/08 02:57 PM
Shopping for your new home should be an exciting, enjoyable and relatively stress free experience. I have listed some tips on what to look for when you begin your search.
• Talk to your bank or mortgage broker before you begin so you can focus on what is a realistic option … (0 comments)
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toronto: What should I do to my property before I list it for sale? - 10/10/08 02:54 PM
• Wash walls, ceilings, and baseboards. Consider painting with light, neutral colours. Repair cracks.• Tighten loose knobs, towel racks, switch plates, and outlet covers.• Fix tight doors and windows, squeaky floorboards and loose stair banisters.• Clean and repair caulking around tubs and sinks. Fix leaky faucets and remove water stains.• Clean … (0 comments)
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toronto: How long will it take you to sell my house? - 10/10/08 02:51 PM
That answer is a difficult one to answer as there are many factors, often ones beyond our control, which will contribute to the length of time your house stays on the market. High interest rates will cause potential buyers to wait for more favourable conditions before they choose to buy. This … (0 comments)
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toronto: 10 biggest mistakes a seller can make! - 10/10/08 02:49 PM
1) Wrong Price: Price is ALWAYS determined by what the market dictates in comparison to all other properties sold of similar value. Sales representatives complete market evaluations on every home to ensure each house is priced properly. If you disregard that advice and feel adamant about setting the price high, be … (2 comments)
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toronto: Problems with Overpricing - 10/10/08 02:48 PM
When you sit down to decide what price you should list your property at, there are a few questions you need to ask yourself.
How did you come up with that number? Is that price going to get my home sold quickly, with maximum profit? If you simply checked MLS prices … (1 comments)
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