April 24, 2009

7 Things To Do Before Refinancing

As I am sure you have heard, the Bank of Canada has reduced their prime interest rate by 0.25%.  I am hear all you with variable rates cheering in the background.  For those of you with a fixed rate, what […]
April 24, 2009

Canada Mortgage Rates Not Likely to Fall, Soper Says

April 14 (Bloomberg) — Mortgage rates in Canada, which have plunged by almost 50 percent in the last year, aren’t likely to fall further, said Phil Soper, chief executive officer of Brookfield Real Estate Services Fund. “Certainly with the Bank […]
April 20, 2009

3,681 Transactions In First Half Of April

TORONTO, April 17, 2009 – Greater Toronto REALTORS® reported 3,681 transactions in the first half of April, down seven per cent compared to 3,955 during the same period last year. “In lock-step with the favorable March results, resale housing market […]
April 15, 2009

Cash Strapped? Talk About It–Help For Homeowners

I read a statistic recently that said that 0.33 percent of Canadians are currently in mortgage arrears.  Although that is a small number, we are in danger of having that number get much bigger. If you are in that situation, […]
April 7, 2009

March Resale Housing Results Bring Positive News

TORONTO – April 6, 2009 — In March 2009, Greater Toronto REALTORS® reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was […]
April 3, 2009

Sales Tax Harmonization Will Hurt Resale Home Market

Not that I want to be the bearer of bad news that could affect my livelihood, I think that everyone should know that the closing costs for selling or buying your home have just increased. It is a good thing that the […]
April 1, 2009

Ontario’s Plan for Mandatory Energy Audits

It is kind the case of one hand giving and the other hand taking away. The federal budget this year gave a tax break to home buyers by giving them a tax credit for some of the closing costs when […]