Archive for August 2013
Agreement of Purchase and Sale – Clause Explanations
You have found the perfect home – one that satisfies your needs, most of your wants… and best of all, fits your pocketbook. Now it’s time to submit an offer, but understanding the Agreement of Purchase and Sale is essential towards successfully completing your house hunting expedition. Essentially, the offer is a precisely worded document…
Read MoreGTA Realtors® Release Mid-August Resale Figures
TORONTO, August 16, 2013 – Greater Toronto Area REALTORS® reported 3,359 sales through the TorontoMLS system during the first two weeks of August 2013. This result represented a 22 per cent increase compared to 2,743 sales in August 2012. Sales were up on a year-over-year basis for all home types. Total new listings were up over the same…
Read MoreCurrent Residential Mortgage Rates as of August 13, 2013
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.89% 3 Year 2.99% 4 Year 3.29% 5 Year 3.19% 7 Year 3.79% 10 Year 3.99% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.50% = 2.50% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreToronto Neighbourhoods Under The Scope: August 2013
Find your neighbourhood below and see how July’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) July 2012 July 2013 % Change Active Listings 236 262 + 11.0% Sales 43 68 + 58.1% Average Price $995,291 $1,042,377 + 4.7% Days on Market 32 30 – 6.3% Avg % of List Price 97…
Read MoreGTA Realtors® Release July Resale Housing Figures
TORONTO, August 2, 2013 – Greater Toronto Area REALTORS® reported 8,544 residential sales through the TorontoMLS system in July 2013. Total sales were up by 16 per cent compared to July 2012. Over the same period, new listings added to TorontoMLS and active listings at the end of the month were up, but by a…
Read More