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October 2017 With September wrapped up, we are now fully engaged in the fall market. Historically this is a very active seasons in the Southern Ontario region. Although it hasn’t felt like fall weather quite yet, we are seeing signs of the market gaining the momentum that is associated with thi... Read More
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The following article appeared in the The Real Estate Book | October 2017 It has been quite a roller coaster so far this year in the real estate market in Burlington. We started out exceptionally strong, carrying on from 2016 but with even stronger price appreciation and lack of inventory in the... Read More
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The newly-elected federal Liberal government is increasing the minimum down payment requirements for higher-priced homes in Canada. As of February 15, 2016, Canadian home buyers will see changes to the rules regarding government-backed mortgages. Under current rules, Canadians with a down payment... Read More
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Recently, the Canadian Real Estate Association (CREA), conducted a comparison of the price of homes in Canada. They compared 2014 to 2015 and have laid out the average prices for both years across each province. Not surprisingly, Beautiful British Columbia remained the most expensive (at $639,... Read More
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There is confidence in the Canadian Condo Market. Genworth Canada, the second largest private insurer of mortgages in Canada, second to CMHC has just released their views on the condo outlook for 2015. According to the report that Genworth released: The Winter 2015 Metropolitan Condo Outlook fore... Read More
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Even though the new year has only just begun, the housing outlook for 2015 is looking very bright. According to the Re/Max 2015 Housing Market Outlook Report, the average 2014 residential sale price in Canada was $406,145; which is expected to increase this year to $416,300. In Toronto and Van... Read More
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Bank of Canada Sees Evidence of Soft Landing in Housing Market CREA The Bank of Canada announced on January 22nd 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent, where it has been held since September 2010. Since the Bank’s last announcement in early December, i... Read More