GTA Realtors® Report Q1 Rental Market Stats

TORONTO, April 15, 2014 – Toronto Real Estate Board President Dianne Usher announced that strong growth in rental transactions and rental listings was reported by Greater Toronto REALTORS® during the first quarter of 2014. For condominium apartments in particular, total rental transactions were up by 17.8 per cent compared to the first quarter of 2013. The total number of…

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Current Residential Mortgage Rates as of April 14, 2014

Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.64% 3 Year 2.79% 4 Year 2.94% 5 Year 2.99% 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence

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No-Hassle Custom Decor

Conventional wisdom holds that in order to achieve a custom look in your home decor you either have to spend a bundle hiring professionals, or invest countless hours of hard work doing it yourself. In the Internet age, however, it’s easier than ever to achieve the look of custom home decor without the expense or…

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What Are Your Closing Costs?

By Lorne Shuman: For many people, buying a home is the largest financial investment decision you will ever make.  Seeing that most of your savings will go towards the deposit, that may not leave much money for the closing costs.  Being unaware of some of the more common closing costs will create a problem at…

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Toronto Neighbourhoods Under The Scope: March ’14 vs March ’13

Find your neighbourhood below and see how March’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) March 2013 March 2014 % Change Active Listings 253 229 –  9.5% Sales 48 51 + 6.3% Average Price $1,064,269 $1,139,617 + 7.1% Days on Market 22 25 + 13.6% Avg % of List Price 98…

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Keeping The Basement Dry

With memories of last July’s flood still fresh in their minds, many Toronto homeowners are keeping their fingers crossed that their basements don’t flood again when spring rains arrive. Damp basements are a plague for homeowners and the first step towards a cure is to pinpoint the source of the moisture. Some of the more…

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April Showers Bring…a Spring Home Maintenance Checklist

Although it might not quite feel like spring yet, there are a few chores that can be crossed off your spring checklist this month, in the hope that warmer weather is just around the corner. 1. Take advantage of any warm days this month to inspect your yard. Check trees for storm damage and book…

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GTA Realtors® Report March Resale Market Figures

TORONTO, April 3, 2014 – Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth. A total of 8,081…

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Current Residential Mortgage Rates as of March 27, 2014

Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.64% 3 Year 2.79% 4 Year 2.94% 5 Year 2.99% 7 Year 3.79% 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

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How To Fix Your Credit Score

Canada’s household debt continues to hit extreme levels, but for some people the damage may have already been dealt. Tom Higgins, vice-president of analytics and decision services for TransUnion, one of the two credit bureaus in Canada, says the average credit score for Canadians dropped during the recession with residents forced to rely on more credit.…

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