Archive for July 2016
The Reno Market Has Taken Off
Since 2012 there has been a home renovation fever in Toronto and much of Canada. The price of resale homes has encouraged people to renovate their old homes instead of buying new ones. According to Scotiabank, Canadians spent approximately $53 billion dollars on home renovations in 2015. The fact that even small renovations raise property…
Read MoreShopping Tips For New Flooring
Once you’ve decided to replace flooring in your home, the real task is narrowing down the choices. New materials and design options abound, so shopping will be easier if you begin by jotting down your flooring needs. Here are a few questions to ask yourself: Does the current flooring need to be removed? What material…
Read MoreGTA Realtors® Release Q2 Condo Market Figures
TORONTO, July 21, 2016 – Toronto Real Estate Board President Larry Cerqua announced another very strong quarter for condominium apartment sales in Q2 2016. Greater Toronto Area REALTORS® reported 8,965 condo apartment sales between the beginning of April and end of June. This result represented an increase of 17.4 per cent in comparison to the…
Read MoreGTA Realtors Release Q2 Rental Market Figures
TORONTO, July 21, 2016 – Toronto Real Estate Board President Larry Cerqua announced that despite a decline in the number of condominium apartments listed for rent on TREB’s MLS® System in the second quarter of 2016, the number of condo apartments rented remained similar on a year-over-year basis – down by only 2.7 per cent…
Read MoreResidential Mortgage Rates as of July 21, 2016
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.29% 2 Year 2.09% 3 Year 2.34% 4 Year 2.49% 5 Year 2.29% 7 Year 2.98% 10 Year 3.89% Prime = 2.70% Variable Closed (5 yr) = Prime minus 0.50% = 2.20% Variable Open = Prime plus 0.80% = 3.50% Secured Credit Lines = Prime plus…
Read MoreMid-July 2016 Sales Stats
July 19, 2016 – Greater Toronto Area REALTORS® reported 4,428 home sales through TREB’s MLS® System during the first 14 days of July 2016. This result represented a three per cent increase compared to the same time period in 2015. Year-over-year sales growth was led by the condominium apartment market segment, with an increase of…
Read MoreCreating a Low-Maintenance Patio
Indoor style is still moving outdoors this season, with the trend to couch-comfortable patio furniture, outdoor carpets and tables that double as firepits. The trend seems here to stay and with it homeowners are paying closer attention to the basic design of their outdoor space. A solidly-constructed patio or deck is the place where form…
Read MoreChoosing The Right Window For Your Kitchen Reno
The kitchen is one of the most popular rooms in the home to remodel, and for good reason. According to HGTV and Trulia, a kitchen update is one of the secrets to selling your home. There are a lot of decisions to be made with a kitchen remodel – cabinets, counters, floors and appliances –…
Read More3 Ways To Pay Your Mortgage Down Faster
Mortgages are funny things. When you’re buying a house, you can’t wait to hear these words: “Your mortgage has been approved”. But what that really means is that you are going to be a homeowner. And as discussed in the previous article, there is a lifestyle element of homeownership that is very attractive. But let’s…
Read MoreGTA Realtors® Release June Resale Housing Figures
TORONTO, July 6, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the prevailing trend so far this year, the…
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