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CMHC Summer Market Outlook Forecast - Predications of Toronto Market to Recover by 2021 through 2022

Thursday Jul 2nd, 2020

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  Learn how CMHC’s Summer Market Outlook applies to the Toronto Real Estate Market. New home construction, home sales and home prices are expected to all be back up in excellent health by 2022. Thanks for watching! Please SUBSCRIBE and LIKE this video if you gained value from it and learned something new. ———— This expands on CMHC's Spring Market Outlook. CMHC forecasts a decline in 2020 for new homes built. Sales are down by ~81%... [read more]

Toronto Real Estate Market And The COVID-19 Pandemic

Tuesday Mar 31st, 2020

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Please be sure to check out my video Market Report on YouTube. Click here. The average sold price in Toronto is now at $984,000. This is slightly lower than the previous month's average price of $1,000,000. Despite the changes in the economy global now due to the novel coronavirus, prices are still higher than the previous year. There has been an 18.1% increase year-over-year. New listings in Toronto have reached 4,615 in the last month, an increase from the previous month of... [read more]

Toronto housing sales slump in weakest start since 2009 recession

Saturday May 19th, 2018

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  Condo prices jump 10%, while detached home prices fall 10%   Source: FInancial Post, Erik Hertzberg and Natalie Wong   Spring has finally sprung but Toronto’s home sales remain gloomy as tougher mortgage qualifications and rising interest rates continue to push buyers out of the market. Realtors in Canada’s biggest city had one of their worst months in the past 15 years in April, with sales down by almost one-third from a year earlier to 7,792... [read more]

Mortgage Rules: January 1, 2018

Monday Nov 6th, 2017

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Three new rules are being implemented as of January 1, 2018.  Here are the details, and what they mean to real estate purchasers.   1. Stress Tests: Uninsured Mortgages In the past, only insured mortgages would face tougher stress tests.  With this first new change, anyone who is putting down more than 20% will also face new challenges.  These purchasers are required to qualify for their mortgages using a new minimum qualifing rate.   The rate will be... [read more]

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