Posts by Elliot
Realtors® Report January Resale Market Figures
TORONTO, February 5, 2014 – Home ownership in the Greater Toronto Area remains affordable and there are many people looking to purchase a home. In January, the number of homes listed for sale was down quite strongly compared to last year, which means that it was difficult for some buyers to find a home. Greater…
Read MoreFraser Institute Releases Ontario Elementary School Rankings 2014
The Report Card on Ontario’s Elementary Schools 2014 collects a variety of relevant, objective indicators of school performance into one, easily accessible public document so that anyone can analyze and compare the performance of individual schools. By doing so, the Report Card assists parents when they choose a school for their children and encourages and assists…
Read MoreCurrent Residential Mortgage Rates as of January 30, 2014
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.79% 3 Year 2.89% 4 Year 3.29% 5 Year 3.14% 7 Year 3.99% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.55% = 2.45% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreGTA Realtors® Release Q4 Condo Report
Greater Toronto Area REALTORS® reported the sale of 4,586 condominium apartments through the TorontoMLS system in the fourth quarter of 2013. This result was up by 21 per cent in comparison to Q4 2012 when 3,789 condominium apartments changed hands. Both new listings of this home type during the quarter and active listings at the…
Read MoreCurrent Residential Mortgage Rates as of January 23, 2014
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.79% 3 Year 2.89% 4 Year 3.39% 5 Year 3.19% 7 Year 3.99% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.55% = 2.45% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreGTA Realtors® Release Q4 Rental Figures
TORONTO, January 22, 2014 – Greater Toronto Area REALTORS® reported an 18 per cent year-over-year increase in condominium apartment rental transactions in the fourth quarter of 2013, with a total of 4,305 condo apartments leased compared to 3,644 during the last three months of 2012. Over the same period, the number of condominium apartments listed…
Read MoreGrow Ops: A Growing Concern
Unfortunately grow ops have been in the news a lot lately, as each week seems to bring a report of another grow op bust and of the brazen and organized criminals that earn their income from them. Typically, the losers in the grow op business are the purchaser of the home, or the owner of…
Read MoreKitchen Remodel: Open Concept or Keep Them Closed?
Look around any new or remodeled home and you’re likely to see one thing they all have in common: the open kitchen. The trend has been overwhelmingly embraced by homeowners across the country, along with architects, designers and folks on every home makeover show across TV. The open kitchen is probably the single largest and…
Read MoreGordon Toronto Homes Launches NEW Mobile Website
Gordon Toronto Homes is very excited to announce the launch of the mobile version of the website. It’s available now on your smartphones and tablets. Here’s a promo video for the launch:
Read MoreGTA Realtors® Release Mid-January Housing Figures
TORONTO, January 17, 2014 – Greater Toronto Area REALTORS® reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the system were down by a greater 20…
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