As of May 2017 Toronto and Victoria, Canada, are world's "hottest" luxury real estate markets: Toronto and Victoria, B.C. are the world’s “hottest” markets for luxury homes as investors flock to Canada for its political and economic stability, according to a new report from Christie’s International Real Estate, BNN informed
April 2017 statistic: the latest Toronto Real Estate Board data showed the average selling price in March surged 33.2 per cent year-over-year to reach $916,567. That marked an acceleration in price growth after the 27.7 per cent year-over-year rise in February that sparked a renewed wave of concerns about housing affordability across the Greater Toronto Area.
The average selling price of a detached property in the city of Toronto hit $1,561,780 in March — 32.8 per cent more than a year earlier. The total value of all home sales in the month was $11.1 billion.
Scott Dickson imagined Toronto skyline in near future. It is stunning. Using statistics digests, researching where the buildings belong their elevation and Photoshop, he created this amazing image of TO in a decade. His skyline hobby is about celebrating the best of Toronto. Click on image to view fine details.
There are lots of new products from major banks and financial institutions on the market after prices for real estate sky rocketing in the spring of 2016. Just farm the best deal for your particular purpose or ask us for assistance.
How bad are things in Canada’s job market? Bank of Canada Governor Stephen Poloz says bad enough for young people to consider working for free.
Adult children stuck in their parents’ basements because they can’t find adequate employment should take unpaid work to bolster resumes as they wait for the recovery to take hold, Poloz said yesterday in Toronto.
The Bank of Canada estimates about 200,000 young people want to work or work more, and Poloz said they may be scarred by
prolonged unemployment that prevents them from moving out on their own. He said he’s been asked for advice on how young people can find work. For more info click here
Summer heat: The average selling price for all homes in the Greater Toronto Area surged 16.8 per cent to $746,546 in June, according to data released Wednesday by the Toronto Real Estate Board. However, that figure masks even more remarkable gains for the most sought-after properties: the average price for detached homes in the city of Toronto rose 19.6 per cent to $1,259,486. Time for fresh shower.
Trend nowadays is not to build bigger, but to build better. More houses come equipped with solar-ready features and electric car plug-ins... However, what will be in demand forever are great interiors. Personally, we love the world of Charles:
RBC Trims Fixed Rates
RBC-Bank cut a number of its standard fixed rates this weekend. It’s the first of the majors to do so following this month's 26-basis point slide in 5-year government bond yields.
Most other banks will likely do the same: http://www.canadianmortgagetrends.com
The average price of a Canadian home rose in the third quarter of 2013. A standard two-storey home price increased 3.7 percent to $418,686, detached bungalows increased 4.1 percent to $381,811 and condominiums rose 1.2 percent to $246,530.
Now market will traditionally slow down in the fall and as usual we are looking for positive momentum to continue through the all-important spring market of 2014, which will remains positive with new Canadians and young, single individuals. We wish you Happy Thanksgiving Day together with http://www.DesignRealty.ca
It is fall, fine Ontario fall and you are exciting with your new home. Congratulations! Now install on your accent wall new designer fireplace and celebrate with friends. They will be amazed. Visit a great fireplace boutique in the heart of the city on Yonge & Eglinton: http://www.torontocomfortzone.com
New great feature: wiring for fast EV chargers in home’s garages. Be the first to impress the buyers. We will mention it in MLS, when listed.