mississauga: Homes for sale in Mississauga and Brampton - 07/15/10 11:14 AM
Homes for sale in Mississauga and Brampton
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mississauga: 70% increase in sale of existing GTA homes in Mid March over same period last year - 03/17/10 08:36 AM
70% increase in sale of existing GTA homes in Mid March over same period last year
TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through the Multiple ListingService® (MLS®) during the first two weeks of March. This represented a 70 per cent increase compared to the 2,562 sales recorded during the same period in 2009 when resale transactions had dipped markedly due to the recession.  
To see the detailed report, please visit my blog at www.aceteamrealty.com/blog
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Manoj Arora, Broker of Record
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mississauga: Growing debt threatens economic stability: BOC - 12/16/09 05:00 AM
Growing debt threatens economic stability: BOC
With household debt-to-income ratios in Canada at historical highs, the Bank of Canada is warning both borrowers and financial institutions to practice caution, particularly when it comes to mortgage lending.
"Financial institutions need to carefully consider the aggregate risk to their entire portfolio of household exposures when evaluating even an insured mortgage, since a household defaulting on an insured mortgage would likely be unable to meet its other debt obligations," the central bank's financial system review said.
On the borrower side, the bank stressed the need for households to "assess their ability to service these … (0 comments)

mississauga: March Resale Housing Results Bring Positive News - 04/16/09 01:33 PM
In March 2009, Greater Toronto REALTORS® reported 6,171 sales - down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 - down less than five per cent from the same month last year.
"The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months," commented TREB President Maureen O'Neill. "In fact, over the past two months, the situation in the housing market has improved."
The seasonally-adjusted annual rate of sales increased to 65,600 in March … (0 comments)

mississauga: Rental Transactions Increase - 02/11/09 05:18 AM
Between September 1, 2008 and December 31, 2008, Toronto Real Estate Board (TREB) Members reported 3,433 rented condominium apartments and townhouses in the Greater Toronto Area.
This represented a 30 per cent increase over the 2,635 transactions recorded during the same time frame in 2007. A good part of this increase likely came from rental listings in newly completed condominium apartment buildings containing investor-owned units.
"The increasing strength of the rental market combined with low interest rates and reasonable home prices mean that now could be an excellent time to purchase an investment property," said Maureen O'Neill, President, Toronto Real Estate … (0 comments)

mississauga: Bank's key rate cut to record low - 01/20/09 12:55 PM
OTTAWA - The Bank of Canada has chopped its key interest rate by another half percentage point to its lowest level ever, and warned that the Canadian economy will contract by 1.2 per cent this year.
The central bank's target for the overnight lending rate now stands at 1 per cent - lower than in 1958, when the most-watched policy rate was 1.12 per cent.
"The outlook for the global economy has deteriorated since the bank's December interest rate announcement, with the intensifying financial crisis spilling over into real economic activity," the bank said in its gloomiest statement yet.
In separate … (1 comments)