The need to own real estate…

I wanted to share a great blog post from Ken McLauchlan that brings some perspective to the current economic atmosphere… Courtesy of www.kensblog.ca The “need” to own real estate is strong I have never been one to be a “big” investor in stocks and bonds. Don’t really know much about this sort of investing, although I do realize the importance…

2011 february market watch

The spring market has gotten off to an early start! We are seeing a lot of new product coming out on a daily basis and listings are going into multiple offers so you can feel the intensity. It will be interesting to see what happens after March 18th when Jim Flaherty’s new mortgage changes go into play that include slashing…

The 2011 Crystal Ball

Barring any major governmental interference or major adjustments in the interest rate (not likely), I anticipate a steady 2011 and a fairly balanced market for buyers and sellers with the typical seasonal patterns. We saw the weather play a big role in the seasonal patterns last year (in addition to the HST) and given the mild winter we’re having, I’m…

CMHC: Toronto Housing Outlook

The CMHC just released its forecast for 2011. The overall prediction for the GTA? Certainly NOT the most dramatic year in real estate. According to the CMHC, it will be steady as she goes, in fact the title of their resale section is “Less excitement in store for 2011”. They also predict that we will not have a seller’s market…

October 2010 Market Watch

Prices are up 5% to $433,729 over this month last year even though the number of transactions is down 20% across the GTA. In the Beach, detached homes sold for an average of $863,562 and the average price of a semi-detached home was $482,562. Let’s take a look at the numbers comparatively from last year to this year both on…