Real Estate
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Toronto Detached Real Estate Sales Rise, But Still Below The 10 Year Trend

Posted on 26 November 2018

Toronto’s detached real estate market is performing better than last year, but that doesn’t say much. Toronto Real Estate Board (TREB) numbers show detached sales improved in October. The improvement isn’t as exciting when you realize sales are still below the 10 year trend. As for prices? They are basically retracing last year’s movements, give or take a couple points. Greater Toro ...

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GM offers buyouts to 18,000 workers amid strong profits

Posted on 26 November 2018

As General Motors reported a healthy $3.29 billion third-quarter profit, the Detroit automaker ramped up its cost-cutting efforts by offering buyouts to 18,000 white-collar workers in both the United States and Canada. The company, while acknowledging it's in good shape now, said Wednesday it needs to be smaller to prepare for tougher times that might be ahead as it continues ...

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Higher interest rates, stricter mortgage rules drive a surge in Toronto private lending

Posted on 26 November 2018

Homeowners in the Toronto area are witnessing a rise in private borrowing thanks to higher interest rates and more stringent lending standards. The Canadian government introduced more rigid lending rules, which will surely the amount of money Canadian home buyers will be allowed to borrow. This new rule aims to help reduce the demand in the housing markets of the Greater Toronto Area. T ...

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Chinese Buyers Rekindle Interest in Metro Vancouver Real Estate

Posted on 30 October 2018

The number of queries on Metro Vancouver real estate has recently soared judging by the numbers fromJuwai.com.this is coming after a slump in inquiries in the year’s first and second quarter.The report says searches rose from approximately 350 in the second quarter to nearly 800 in the third quarter. This is coming nine months after the British Columbian government raised the foreign- ...

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Preparing your home’s exterior for the fall

Posted on 29 October 2018

(NC) Spruce up your home’s curb appeal with a fresh coat of paint. Not only does a paint touch-up maximize the first impression, it protects your investment from the elements. Follow these five easy steps to increase durability and create maximum wow factor. First, make sure to inspect the exterior of your home and identify any problem areas. Look for things like peeling paint, crac ...

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How to bring a touch of elegance to your entryway

Posted on 29 October 2018

(NC) Beyond your front door, your foyer or entryway sets the tone for your entire home, creating a first impression of your interior living space. But while inspiration abounds for the main rooms in the home, the front foyer is often overlooked. This missed opportunity holds great potential. Think of it like the first paragraph of an amazing story. It should be stimulating and inviting, ...

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Ontario Real Estate Association calls on province to allow open bidding process

Posted on 16 October 2018

The Ontario Real Estate Association (OREA) is recommending the province adopt a new open bidding process that could be a game changer for home buyers, who are currently forced to bid blind against competing offers in Toronto’s hot housing market. Under the current rules, realtors aren’t allowed to share the details of an offer with anyone other than the home seller. That means con ...

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Condo flipping was never the culprit behind Vancouver and Toronto's home price spikes

Posted on 16 October 2018

Condo flipping was never pervasive in the Vancouver and Toronto housing booms and that sliver of the market has faded over time, suggesting tougher measures to curb speculators won’t make those cities more affordable. Just 3.4 per cent of Vancouver condominiums sold between April and June were units that had already been sold over the previous year, according to data compiled by Bloomberg from ...

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Ontario House Buyers Abandon Toronto, Head to Smaller Cities to Get More Value for their Money

Posted on 20 August 2018

Toronto’s house buyers are gradually beginning to appreciate the value of more affordable houses in surrounding Toronto towns. Three years ago, you could buy a house in London, Ont., for $234,000. Today, it will cost you $364,000, says a report on thestar.com “I call it the Toronto migration” said real estate broker John DeBlock. “It’s not only from Toronto, though. Toronto peop ...

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What every home buyer needs – a pocket sized assistant

Posted on 03 August 2018

(NC) Buying a new home is exciting, but also a lot of work. It involves a whole series of decisions beginning with setting your budget all the way to picking out bathroom tiles. Wouldn't it be great to have a trusted advisor to help? MyHome Planner is a free app that offers the reliable advice, information and organization skills you need at each step of the home buying process. It's li ...