Markets – A Slight Chill

May Sales Remain High June 3, 2010 — Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record. “The pace of transactions slowed in May following record-setting sales in February, March and…

Mortgages – Answers in June!

Scott’s Perspective by Scott WestlakeMobile Mortgage Specialist – Royal Bank of CanadaCell: 416.436.1135scott.westlake@rbc.com June is becoming a very exiting month for real estate in Toronto/GTA. It seems like everyone has been waiting to see where the market is going in terms of interest rates, which I comment on below, how HST will affect the average home buyer. How government changes…

Canada becomes first country in G7 to hike rates

A report from the Canadian Real Estate Association talks about the bank rate increases from a global perspective… For the first time since 2007, the Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to 0.5 per cent on June 1, 2010. The Bank rate was raised to 0.75 per cent and…