Monthly Archives: June 2016

Month: June 2016 6 Interesting Facts To Know About Toronto’s Real Estate Market

© Provided by Fool office-building_16-9   Toronto’s real estate market continues to defy gravity. May was another record-setting month with 12,870 home sales reported by Toronto-area realtors. Prices inside the city of Toronto hit an average of $782,051, an increase of 8.95% compared with the same month in 2015. The rest of the Greater Toronto Area did even better. The average price surged to $734,924 compared to $611,665 just a year ago. That’s an eye-popping increase of 18.6%–a remarkable return for an asset class that’s supposed to be mostly a store of value. These price increases aren’t the only thing

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Month: June 2016 Consider to sell your home faster? Use keywords

  Selling your home? Then you’re probably scouring the internet looking for tips on how to attract buyers to your home. The good news is there’s plenty of fodder out there to get your creative selling juices flowing. The Canadian Real Estate Association also offers some sage advice: use keywords. In the recent release of their annual Insights Report, CREA offers a breakdown of keywords that buyers use when searching for a home to buy. Broken down by search term and city, these top five keyword search lists are a great way to get your listings at the top of a prospective buyer’s

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Month: June 2016 Learn from the anatomy of a housing bubble

  Every 20 years or so, investor dementia sets in. Memories are wiped clean, allowing individuals to make the same mistakes over and over again. It doesn’t matter if it is real estate markets, stock markets, commodity markets, or tulip markets (I’ll get to this later). They are all the same. Why? Because markets are a reflection of people, and people are hard-wired to have emotional instincts that don’t change. They never have and they never will. Besides, being out of the real estate industry, I will argue, allows for a balanced view. Being outside the industry makes you see the forest,

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Month: June 2016 Why you need to avoid ‘white box’ auto parts

  How can some people seem to get unbelievable deals on car repairs when you couldn’t catch a break on brakes with a trawling net? The answer in many cases is found in a white box and it comes with more risks than Pandora ever thought of putting in her carton. “White box” is a term used in the auto repair and parts industry to refer to bargain basement components, usually sourced off shore, and often from China. You can find almost any common replacement part for most mainstream vehicles in white box form, usually at a fraction of the

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Month: June 2016 Toronto home buyers change tactics facing bidding war

  Aspiring buyers in Toronto’s real estate market in May were contending with prices about 15 per cent higher than they were last year at this time. No wonder bidding war fatigue is beginning to permeate the market. Some agents and buyers are wilting, Mr. Silver says. “Multiple offers seem to be lessening – not due to lack of interest but due to a lack of desire to compete and push the price too high,” he says. According to the Toronto Real Estate Board, the average price jumped to $751,908 in the Greater Toronto Area in May to mark a 15.7-per-cent

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Month: June 2016 Summer slowdown is not expected in Toronto’s heated real estate market

  Toronto-area homeowners who are thinking of selling their properties may not need to wait for the traditional fall market. “I think it’s going to be busy all through the summer,” Mr Rocca says. Mr. Rocca says activity is cooling a little as the end of the school year approaches but the buyers are still roaming.  He listed a house in the Davisville area for sale this week and says that’s likely the last lawn he’ll put a sign in before Canada Day. He expects next week to be quiet leading up to the long weekend. But after that, he expects

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Month: June 2016 Goodbye Freedom 55 – More Canadians keep working well after age 65

  At 76, thoroughbred horse trainer Roger Attfield has no interest in retiring. “There’s an old saying that racehorse trainers don’t retire, they just die,” said Attfield with a laugh. For almost five decades, Attfield has been starting his day at 5:30 a.m., often working seven days a week training horses at Toronto’s Woodbine Racetrack. In the winter he heads to a track in Florida. His dedication and passion for his job have earned him eight Queen’s Plate wins and a place in the Canadian Horse Racing Hall of Fame.   After building a successful career, he finds the idea of giving it all

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Month: June 2016 When real estate bubble bursts in Toronto, Vancouver, it will affect the rest of Canada

  Buoyed by red-hot markets in Vancouver and Toronto, the country’s overall housing market may appear to be on fire but in reality real estate is slumping in Quebec City, Halifax, Calgary and Edmonton, where houses prices are down. “The reason is their economies are incredibly flat and you will see housing really start to slow down,” says Don Campbell, a senior analyst with the Real Estate Investment Network. “It’s simple economics that explains why they’re underperforming.”   A Teranet-National Bank house price index released last week showed massive double-digit gains in house prices in Vancouver, Victoria, Toronto and Hamilton,

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Month: June 2016 8 Best Ways to Relieve Bloating

  Sometimes it’s hard to pinpoint what’s causing that awful bloated feeling. Did you eat too much? Is it excess gas? Are you retaining water? If you’re a woman, is it because you are premenstrual? The good news is that there are some common steps you can take to address the problem of bloating, regardless of the specific cause. Each of the following recommendations will help your body to function the way that it’s supposed to function, and therefore keep you from blowing up like an oversized balloon. As you will see, some of the recommendations are quick and easy,

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Month: June 2016 Canada’s banks sound the housing bubble alarm, finally

  After years of pumping money into the country’s frothiest housing markets, Canada’s big banks are suddenly—and alarmingly—nervous about the debt-fuelled monster they’ve helped to create. In the span of a few days this week and last, several big-bank CEOs and chief economists let loose a flurry of warnings about surging home prices in Vancouver and Toronto, where it now costs an average of $1.5 million and $1.3 million, respectively, to buy a detached house. “We’re a little concerned about housing prices in the Greater Vancouver area and Toronto,” Brian Porter, CEO of Scotiabank, told Bloomberg TV shortly after the

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