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What are the harbingers of a housing collapse? That has been a popular question for at least the last five years, ever since the Americans began experiencing sharp declines in the resale value of their homes. Those fretting about excessive leverage in this country (and I’ve been among them) have been confounded by the continued absence of a meaningful correction in this country; Indeed, the Canadian Real Estate Association reports that in April resale prices averaged about $373,000, up about 8% from a year earlier. They’re at or near all-time highs in most important markets across the country, while the U.S. continues to suffer. How might we know whether a reversal was in the offing here?
Recent comments by popular... |
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Read more... [Four horsemen of a housing apocalypse]
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When a banker doesn't have an account at his own bank, you can't help but wonder if there's something a little off about the bank he works for. The same is true for school principals who send their kids to different schools. It's not always the case, but it seems like a testament to the quality of the service if those who work for a company or organization actually avoid it in their personal lives.
Well here's a new one for you — the founder of a website dedicated to direct sales of... |
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Read more... [The reason why Realtors are needed to sell a property]
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Ontario landlords can increase their rents next year by up to 3.1%, according to a new guideline announced by Municipal Affairs and Housing Minister Rick Bartolucci. Anything above that and landlords will need to make an application to the Landlord and Tenant Board.
An increase of 3.1% translates to about $25 more for an apartment renting for $800 a month in 2011.
The guideline was below the hopes of the Federation of Rental-housing Providers of Ontario. Vince Brescia, the... |
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Read more... [Ontario landlords can raise rents 3.1% next year; still not high enough for landlord group]
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In a recent detailed report published by Inman News, Toronto Real Estate home prices are analysed, with details showing why we are far from Real Estate bubble in Greater Toronto Area. For more information on your home evaluation, contact Marco Momeni.
Tight supply drives up real estate prices in Toronto area
Inman News-
Greater Toronto area home prices accelerated during the second quarter as buyers grappled with a tight supply of residential properties for sale. The heightened... |
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Read more... [Toronto Real Estate Bubble or Not?]
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The information on recently sold properties on the Toronto MLS® system has returned to the Realtysellers website. I understand that the Toronto Real Estate Board had some "concerns" about this innovative service and it was suspended for a few days....
The information on recently sold properties on the Toronto MLS® system has returned to the Realtysellers website.
I understand that the Toronto Real Estate Board had some "concerns" about this innovative service and it was... |
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Read more... [Real Estate Sold on Toronto MLS]
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