Central Toronto Real Estate TREB Released December, 2018 Resale Market Figures Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings […]
mortgage
Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify
The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]
Know the complications of buying a power-of-sale property – RECO
Just so we’re all on the same page, let me explain “power of sale.” Basically, if a homeowner defaults on their mortgage, the bank can take steps to sell the property to regain the money that’s owed to them. It seems to be a common misconception that power of marketing properties are sold at […]