Archive for November 2013
Current Residential Mortgage Rates as of November 27, 2013
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.79% 3 Year 2.89% 4 Year 3.39% 5 Year 3.29% 7 Year 3.99% 10 Year 4.39% 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 MoreThinking of Buying New Windows?
The installation of new windows is one of the more major upgrades popular with homeowners. The reason for upgrading a home’s windows can be strictly for cosmetic reasons, to reduce a home’s energy consumption, or both. One thing that is certain is that applying a new window style and one of the new frame colours…
Read MoreThe Heart of Your Home’s Heat
As the cold autumn winds blow, signaling the oncoming winter, one can only imagine how people in earlier times coped – huddling around a crude pile of flaming logs. Thank goodness for furnaces! The first furnaces appeared in the late 1800’s replacing fireplaces, then boilers and radiators, as the preferred way to heat a home.…
Read MoreGTA Realtors® Report Mid-November Housing Figures
TORONTO, November 18, 2013 – Greater Toronto Area REALTORS® reported 3,131 residential transactions through the TorontoMLS system during the first two weeks of November 2013. This result represented a 21 per cent year-over-year increase compared to 2,582 sales reported during the same timeframe in 2012. Over the same period, new listings were down by more…
Read MoreCurrent Residential Mortgage Rates as of November 14, 2013
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.79% 3 Year 2.89% 4 Year 3.39% 5 Year 3.45% 7 Year 3.99% 10 Year 4.39% 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 MoreChoosing Smart Renos
Many Canadians are interested in knowing the “smartest” household renovations to make to receive a good return on their investment. Although there are many variables that affect the value of a home, the Appraisal Institute of Canada (AIC) offers these general tips to Canadian consumers. 1. Choose improvements with long life expectancy. Roofing, energy-efficient heating and…
Read MoreDesigner Switches Can Dress Up Your Home
If you have done any home renovations, chances are you put a lot of time and effort into selecting the big-ticket items like paint colour, furniture, flooring, countertops, and lighting fixtures. But what about the little things, like light switches and outlets? These can be “dressed up” to make your redecorating project a success down…
Read MoreToronto Neighbourhoods Under The Scope – November 2013
Find your neighbourhood below and see how October’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) Oct 2012 Oct 2013 % Change Active Listings 273 252 – 7.7% Sales 80 74 – 7.5% Average Price $913,781 $1,125,668 + 23.2% Days on Market 26 26 0% Avg % of List Price…
Read MoreGTA Realtors Release October Resale Figures
TORONTO, November 6, 2013 – Greater Toronto Area REALTORS® reported 8,000 home sales through the TorontoMLS system in October 2013 – up from 6,713 transactions reported in October 2012. Over the same period, new listings on the TorontoMLS system were down. “The GTA home ownership market has been broadly characterized by a rebound in sales…
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