The markets are tightening- which is giving property prices in the GTA a good boost. According to numbers just released by TREB, there were 9,041 existing home sales in April. This represents a 17 % drop year-over-year from last April’s record breaking 10,898. On first glance, this might seem a dramatic decline- but it is actually more representative of average April sales results over the last five years.
Optimism continues to define the Canadian sentiment- especially in terms of the property market, as supported by the recent findings from REALpac / FPL Canadian Real Estate Sentiment Survey, Second Quarter 2011.
Canadians are reaping the rewards of tactical, responsible debt management- at least when it comes to their mortgages, according to CAAMP’s Spring Market Report.
Of the young urbanites who have recently entered into home ownership through the purchase of a condominium, more than two thirds of them indicated that, had they more money at their disposal-they would have preferred to buy a house- this according...
According to a new study, released by the Altus Group, First Time Homebuyers are responsible for about one in every two homes sold in Canada over the last two years, over more than a quarter of a million sales per year across the country.
Nationally, the market is beginning to soften slightly, according to new figures released by CREA. Compared to last month, seasonally adjusted sales data states that activity fell by 4.4% in April.
There are, no doubt, benefits to owning a leisure property personally- for rest and relaxation- to foster relationships with family and to take time to unwind. Canadians are not just looking for a vacation though.
Interest rates have recently being going somewhere unexpected: down. At their trough last week, the yields on 10-year U.S. Treasuries, the benchmark North American rate, touched 3.
Residential real estate activity, excluding new properties, is softening in Canada with the latest figures showing that recent changes to mortgage regulations are having an impact. Seasonally adjusted national home sales activity was down 4.
