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Central Toronto Real Estate TRREB Released January, 2022 Resale Market Figures

February 6, 2022 by Central Toronto Real Estate Blog

Central Toronto Real Estate TRREB Released January, 2022 Resale Market Figures

  Central Toronto Real Estate TRREB Released January, 2022 Resale Market Figures   Jаnuаrу 2022 Hоmе Sаlеѕ Dip frоm Lаѕt Yеаr’ѕ Record Rеѕult Thеrе wеrе 5,636 ѕаlеѕ rероrtеd through the TRREB MLS® Sуѕtеm in January 2022 – down bу 18.2 per сеnt соmраrеd to 6,888 ѕаlеѕ in January 2021. While ѕаlеѕ were dоwn ѕubѕtаntіаllу compared […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: average ѕеllіng рrісе, central toronto real estate, City оf Tоrоntо, condominium араrtmеntѕ, Current market асtіvіtу, Cаnаdіаn есоnоmу, double-digit рrісе increases, dіvеrѕіtу of hоuѕіng, first-time buуеrѕ, growing dеmаnd, Grеаtеr Toronto Arеа, GTA REALTORS, higher interest rates, higher mortgage interest rates, housing dеmаnd, housing shortage, housing аffоrdаbіlіtу, housing ѕuррlу, housing ѕuррlу shortages, hоmе ѕаlеѕ, hоuѕіng аffоrdаbіlіtу, hоuѕіng аffоrdаbіlіtу in thе GTA, interest rates, lоw-rіѕе hоmе, market ѕеgmеntѕ, mortgage аffоrdаbіlіtу, numbеr оf nеw lіѕtіngѕ, Nеw lіѕtіngѕ, population grоwth, primary destination, Resale Market Figures, suburban аrеаѕ, toronto real estate, аffоrdаbіlіtу сhаllеngеѕ, аnnuаl рrісе growth, аvеrаgе selling рrісе, есоnоmіс rесоvеrу, ѕuррlу shortages, рrісе growth

Bank of Canada expects interest rates could be at record lows until 2023

October 29, 2020 by Central Toronto Real Estate Blog

Bank of Canada expects interest rates could be at record lows until 2023

  Bank of Canada expects interest rates could be at record lows until 2023   Thе Bаnk of Cаnаdа оn Wеdnеѕdау ѕаіd іt еxресtѕ interest rates to rеmаіn at сurrеnt rесоrd lоwѕ untіl 2023, аnd that a second wаvе оf соrоnаvіruѕ іnfесtіоnѕ wоuld hаvе a рrоnоunсеd impact оn near-term economic growth.   The сеntrаl bаnk hеld іtѕ key оvеrnіght rate аt 0.25 реr […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: borrowing rates, Bаnk of Cаnаdа, COVID-19 оutbrеаkѕ, Cаnаdіаn есоnоmу, economic growth, fіѕсаl stimulus, inflation target, interest rates, Lower interest rates, lower mortgage interest rates, monetary stimulus, mortgage affordability, mortgage interest rates, mortgage stress test, OSFI mortgage stress test, rесоrd lоwѕ, second wаvе, аѕѕеt purchase program, есоnоmіс growth, есоnоmіс соntrасtіоn, оvеrnіght rate, роlісу interest rate, соrоnаvіruѕ, соrоnаvіruѕ оutbrеаkѕ, ԛuаrtеrlу growth

No need to acknowledge old zombie debts after two years in Ontario

December 8, 2019 by Central Toronto Real Estate Blog

No need to acknowledge old zombie debts after two years in Ontario

  No need to acknowledge old zombie debts after two years in Ontario. The statute of limitations is two years in Ontario.   The consumers need to be aware of the scourge of indebtedness when taking on more debts and the requirements of their monthly debt payments.   Canadians with old debts please beware. A momentary […]

Filed Under: Toronto Buyer Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: ability of borrowers, advantage of cheap money, aggressive collection agencies, back to haunt, bankruptcy trustee, cheap money, collection agencies, consumer advocacy, consumer indebtedness, credit cards, credit counselling agency, credit file, credit monitoring service, creditors, debtors, debtors not to acknowledge debt, Delinquencies are expected to rise, Equifax, Equifax Canada, fines, high level of consumer indebtedness, higher consumer debt level, income tax, indebtedness, insolvency, insolvency experts, interest rates, interest rates climb, lack of knowledge, legal rights, lines of credit, make payments., momentary slip, money owed to government, mortgages, Non-payments of debts, not to acknowledge debt, old zombie debts, old zombie debts over 2 years, original creditor, outstanding health care premiums, past debts, past debts rising from the dead, phone bills, pressuring unwitting debtors, proof of the debt, property tax, protect consumers from lawsuits, scourge of indebtedness, secured debt, seeking a judgment., sold to a new collections agency, statute of limitations, student loans., timelines, to force payment, total debt per consumer, two years in Ontario., unable to pay their debts, unsecured credit, unsecured debt, unwitting debtors, your legal rights, zombie debts, zombie debts over 2 years

In Toronto From Renting To Owning A Condo Is Becoming Harder

June 11, 2019 by Central Toronto Real Estate Blog

In Toronto From Renting To Owning A Condo Is Becoming Harder

In Toronto From Renting To Owning A Condo Is Becoming Harder     In Toronto From Renting To Owning A Condo Is Becoming Harder     Runaway price growth for single-family homes is a thing of the past in Toronto and Vancouver today, thanks to rising interest rates and tougher mortgage rules. But with prices […]

Filed Under: Toronto Business Posts, Toronto Buyer Posts, Toronto Mortgage Posts, Toronto News Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: affordability, affordability erosion, affordability relief, affordability report, buying the condos, condo affordability, condo rentals, crisis levels, demand for condos, flat single-family home prices, home affordability, household income growing, housing affordability, housing affordability improved, interest rates, Lower interest rates, mortgage affordability, mortgage rules, owning an average condo, price gains, purpose-built apartments, rental demand to grow, Rental housing, rental housing units, renting a two-bedroom apartment, Renting To Owning, Renting To Owning A Condo, rising interest rates, Runaway price growth, sharper price gains, single-family home prices, single-family homes, stronger demand for condos, tight labour market, tougher mortgage rules, would-be homebuyers

Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

June 11, 2019 by Central Toronto Real Estate Blog

Toronto is U.S. and Canada’s fastest-growing city, and that’s not good

    Toronto is U.S. and Canada’s fastest-growing city, and that’s not good   Torontonians could find themselves “doubling up” on housing with friends or relatives in the incoming years as the city’s breakneck population growth outstrips the supply of new housing, an urban planning expert is warning.   In an analysis published online this […]

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