toronto real estate market update: NOW IS A GREAT TIME FOR 1 ST-TIME TORONTO AND GTA BUYERS - 04/14/09 12:28 PM
When the Toronto and GTA housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted. This, combined with unprecedented increases in home prices, scared many first-time buyers out of the market. But the economic downturn changed all that. As housing prices fell and lenders lowered their mortgage rates to attract borrowers, the Toronto market became much more attractive to people looking to buy their first homes.The average mortgage payment has fallen by one-third or $600 a month from its peak.
We expect resale prices to fall moderately further this year. We look for the … (0 comments)

toronto real estate market update: Toronto real estate. Mortgage tips - 03/09/09 08:43 AM
The key to a successful mortgage experience is carefully considering all your options and buying within your means so that you can sustain your payments. Borrowers unsure of which approach is best can fall back on certain time-tested strategies for ensuring they don't overextend.
 Here are a few tip to boost affordability when arranging your mortgage:
 1. Know what you can afford.  A mortgage pre-approval helps you establish a price range and the maximum mortgage you can reasonably afford.  Most lenders will lock-in a rate for up to 120 days when pre-approving potential borrowers for a mortgage.
2. Revisit your current … (0 comments)

toronto real estate market update: Toronto real estate. NEW CONDO DEVELOPMENT IN ETOBICOKE - 07/26/07 01:37 PM
Condominium sales are at a record high in Toronto with 40 per cent of new home sales coming from condo purchases.
According to the Toronto Real Estate Board, 2,173 units sold in the city last month representing a 23 per cent increase in sales compared to June of last year. Ontario's housing market continues to perform beyond industry expectations.
Stronger-than-expected consumer confidence has fuelled extraordinary demand for properties this year.
Residential real estate sales in the first five months of the year are higher in 28 of 33 markets surveyed. Average prices also soared higher.
On July 26 new condo development sales was started in Etobicoke. The … (1 comments)