Monthly Archives: January 2017

Month: January 2017 York Mills Homes for Sale, York Mills real estate, Max Seal, Broker

  For Sellers, York Mills Homes for Sale, Central Toronto Are you thinking to sell your house in York Mills?    For a “Free Market Evaluation”, please click the “Free Market Analysis Online” image below and complete and send the completed “Market Evaluation” form. Please call or text Max Seal, Broker at 647-294-1177 or click Contact Max link and send an email for a FREE 30 min. consultation with NO obligation.   We keep all personal information confidential and it will be used for ‘Market Evaluation’ only.   For Buyers, York Mills Homes for Sale, Central Toronto Are you thinking to buy

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Month: January 2017 Foreign buyers behind merely 5 per cent of Toronto home sales in 2016

  Don’t blame overseas investors for the high price of housing in the Toronto area, tells the Toronto Real Estate Board (TREB). The board has released new research stating fewer than 5 per cent of the 113,133 residential real estate transactions in the Toronto region in 2016 involved foreign buyers. More than half of those foreign buyers were buying houses for themselves or to house own family members, according to a November, 2016 Ipsos survey of TREB agents, who acted as agents on behalf of those buyers. About 25 per cent of the houses purchased by non-Canadians were bought as rental investments. The data

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Month: January 2017 Toronto condo purchasers sense the competitive squeeze

  One of the major surprises of the resale marketplace in 2016 in the Greater Toronto Area was the strong condo market. The deficit of listings in the single-family home category persuaded many potential purchasers to take another look at high-rise living. The trend looks like to continue in 2017. In 2016, sale of condo units in the GTA market went up 20.3 per cent compared with 2015, as per the Toronto Real Estate Board. That compares with a 10.5 -per-cent increase of sales for detached houses in 2016 compared with 2015. The median selling price of a condo unit

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Month: January 2017 Greater Toronto Area booms with$ 1-million-plus home sales

  The $1-million fraternity isn’t so exclusive any longer, as a record number of dwellings sold for at the least that much in the Greater Toronto Area last year. In the GTA, 19,692 properties sold last year for $1-million or higher, a 77 -per-cent upsurge compared with 2015, according to the Sotheby’s analysis. “The GTA’s market strength was driving in several factors – insatiable consumer demand, confidence in real estate as a secure and realizing asset, low interest rates and a low Canadian dollar,” said Sotheby’s, which targets high-end markets. “A chronic deficit of listings supply relative to marketplace requirement

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Month: January 2017 What you are expecting to buy or sell a home in 2017

  Is 2017 the year that the hot market begins to sputter in the Toronto region’s overheated real estate market?   Interest Rates The inching up of interest rates and most stringent mortgage rules are among the factors that could play a role in tempering sales in the red-hot Toronto region market, mentions Jason Mercer, Manager of Market Analysis for Toronto Real Estate Board (TREB). Those effects could be enough for some households to set a home buy on hold. But Mercer mentions that most consumers will look for other selections in order to pursue their home ownership dreams. “If

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Month: January 2017 More Torontonians crave hard-to-find detached homes, survey says

  More Torontonians are eyeing detached homes, although there are those properties are the most difficult to locate. A brand-new survey by the Ontario Real Estate Association surveyed 1,003 Ontarians looking to purchase a home. Fifty per cent of them said they plan to buy a detached home in the next two years. In Toronto, that’s up 21 percentage points from a year ago. Across Ontario, it’s up 13 percentage points. But the prospect of detached homes in Toronto is at an all-time low. “The real Canadian dream is to have sole home ownership with land so you can develops

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