Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

Home prices jump 40 per cent in Vancouver — but no one is building
Toronto is also struggling with housing supply: The number of low-rise homes built last year in Canada’s financial hub was the lowest since 1995. The city is encircled by a green belt of almost 2 million acres that’s under permanent protection, and has experienced a price run-up similar ...

Continue Reading →
0

Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.

Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said that 94 ...

Continue Reading →
0

Real Estate in the News

Posted by:

This week’s top real estate news in Ontario and how your real estate business could be affected.

GTA Realtors® Release Monthly Resale Housing Figures
Home selling prices continued to trend upward in April. The MLS® Home Price Index Composite Benchmark was up by 12.6 per cent year-over-year. The average selling price was up by 16.2 per cent. The higher growth rate reported for the average home price, as compared to the MLS® HPI, points to a greater share of ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

Two-thirds of millennials expect to afford a Toronto-area home, study suggests
About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the $350,000 national average.

Home sales break March record
“Greater Vancouver and ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

Royal Richmond in Richmond Hill
World Class Realty Point Brokerage exclusive offering of 12 townhomes in this new Richmond Hill development on Saturday April 9, 2016

Canada Mortgage and Housing Corp Releases Condominium Owners Survey
The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how long owners hold onto their units, ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

The Ravine on York Mills
The Ravine is Phase 1 of a multi-building development bordering on the pristine ravine area on York Mills at the 404. Sales start Saturday April 2, 2016 in an exclusive Realty Point Open House event.

Three U.S. Trends That Could Push Canadian Mortgage Rates Higher
We look at three developing U.S. trends which have the potential to both ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

The homes now dominating top-tier markets
$4 million-plus properties are in such high demand in Vancouver and the Greater Toronto Area (GTA), they now represent the fastest growing sector in both cities’ housing markets.

Analysts: Chain reaction of increases in bank-funded mortgage rates possible
Experts said that the mortgage rate hikes effective this week, spurred in part by a beleaguered economy and a ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.

Led by Toronto, home ...

Continue Reading →
0

Real Estate in the News

Posted by:

Stay up-to-date with all real estate news updated continually on our Facebook page.

Why homebuyers need you more than ever
Survey results point to a large portion of the population who will benefit from the services of a licensed real estate agent, especially when it comes to trying to find a hidden gem in an expensive neighbourhood.

Privacy and Competition with the TREB Hearings: Opinion
This case is a mess. It comes down to government intervention ...

Continue Reading →
0

Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.

Three words to sum up Canada’s economy: ‘Best. ...

Continue Reading →
0
Page 1 of 2 12