Archive for February 2013
Current Residential Mortgage Interest Rates
Term Rate 6 months 3.95% 1 Year 2.74% 2 Year 2.69% 3 Year 2.79% 4 Year 2.99% 5 Year 2.99% 7 Year 3.69% 10 Year 3.89% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.35% = 2.65% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreWalkability – Proximity To Amenities Affects Value
Real estate agents often chant the mantra “location, location, location,” which essentially means “find a home in a well-kept neighborhood with good schools and a low crime rate.” Some may cite a fourth factor, “Walkability,” a concept supported by self-styled “new urbanists” who advocate denser cities designed for the pedestrian and mass transit as much…
Read MoreThe NEW GordonTorontoHomes.com Video Promo
If you’re on this page then you’ve witnessed the relaunch of GordonTorontoHomes.com. Here’s a promotional video:
Read MoreT.O. Neighbourhoods Under The Scope
Find your neighbourhood below and see how January’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) Jan 2012 Jan 2013 % Change Active Listings 145 202 + 39.3% Sales 36 26 – 27.8% Average Price $951,361 $1,027,473 + 8.0% Days on Market 39 44 + 12.8% Avg % of List Price…
Read MoreGTA Realtors Release January Resale Figures
Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was…
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