OUR TOWN REALTY NEWS

Prices and Sales Up In May.

OUR TOWN REALTY LIMITED — Tue, 07 Jun 2011 12:13:00 GMT

Sales and Price Increase in May June 3, 2011 -- Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board...(read more)

Housing Prices Continue to Rise

OUR TOWN REALTY LIMITED — Thu, 12 May 2011 11:58:00 GMT

Prices in Vancouver have gained almost 30 per cent in the last year, causing concern among many in the industry who are concerned about the sustainability of such gains. Douglas Porter, deputy chief economist at BMO Nesbitt Burns, said while sales have...(read more)

More Canadians Refinance

OUR TOWN REALTY LIMITED — Thu, 12 May 2011 11:46:00 GMT

Fifteen per cent of Canadian homeowners took money out of their homes last year, at an average amount of $30,000, new data showed Wednesday. New data from the Canadian Association of Accredited Mortgage Professionals Wednesday showed that Canadians took...(read more)

Market Tightens in April

OUR TOWN REALTY LIMITED — Thu, 05 May 2011 10:27:00 GMT

Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result,...(read more)

Canadians in Debt

OUR TOWN REALTY LIMITED — Mon, 25 Apr 2011 11:41:00 GMT

Canadians’ debt levels have made headlines repeatedly over the past few years. People are engrossed with how big our debt burden has grown, and what it means to the economy at large. On Thursday, Statistics Canada published a new report on how debt...(read more)

Banks are Sales Driven

OUR TOWN REALTY LIMITED — Mon, 11 Apr 2011 10:58:00 GMT

Friendly faces in a depersonalized, online world – that’s your local bank branch for you. Branch staff are glad to talk about your financial situation, be it debt, saving or investing. They’re also eager to sell you stuff, so it’s...(read more)

Real Estate Market Strong in March 2011

OUR TOWN REALTY LIMITED — Mon, 11 Apr 2011 10:37:00 GMT

Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March...(read more)

Bank Of Canada Rate Hikes on Hold

OUR TOWN REALTY LIMITED — Wed, 30 Mar 2011 13:07:00 GMT

As a whole, economists are all over the map on when the Bank of Canada will raise rates next. First-hike expectations range from May 31 to October 25. For what it's worth, financial markets are now anticipating a September rate hike. For those seeking...(read more)

Spring Cleaning Tips

OUR TOWN REALTY LIMITED — Sat, 26 Mar 2011 12:20:00 GMT

Finally, winter has passed and it's time for the much needed spring cleaning! Flowers are blooming with birds twittering signals the start of spring and time to let in the fresh air from outside. It's such a refreshing time to let out the bundle-up...(read more)

Selling Your Home By Yourself?

OUR TOWN REALTY LIMITED — Fri, 25 Mar 2011 14:59:00 GMT

Discount brokers and companies that facilitate ‘for-sale-by-owner’ (FSBO) transactions have popped up in the last six months driven by a landmark deal that has opened up the MLS listing service. Struck in October between the federal competition...(read more)

House Prices Continue To Rise in GTA

OUR TOWN REALTY LIMITED — Fri, 18 Mar 2011 12:46:00 GMT

Greater Toronto Realtors reported 4,138 sales during the first two weeks of March 2011 – a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped – down by 15 per cent compared to the same...(read more)

Interest Rate Predictions

OUR TOWN REALTY LIMITED — Fri, 18 Mar 2011 12:43:00 GMT

Mortgage shoppers crave certainty, so they continually question brokers or bankers about where interest rates are headed. If this is something you’re prone to doing, first ask yourself if your broker or banker can predict the next global catastrophe,...(read more)

CanadiansStill Confident With Real Estate

OUR TOWN REALTY LIMITED — Wed, 09 Mar 2011 16:42:00 GMT

Canadians are not only confident that they are assiduously paying down their mortgages, but they also believe they have the means necessary to weather a drop in house prices, contrary to worries that household debt is out of control, a poll showed on...(read more)

GTA Housing Prices Continue to Rise

OUR TOWN REALTY LIMITED — Mon, 07 Mar 2011 12:25:00 GMT

Greater Toronto Realtors reported 6,266 transactions through the Toronto MLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010. But the average selling price was up and February 2011 sales...(read more)

Bank of Canada Holds for Now

OUR TOWN REALTY LIMITED — Wed, 02 Mar 2011 23:28:00 GMT

The Bank of Canada’s decision to maintain its target for the overnight rate at 1 per cent probably took few by surprise: a Reuters poll found that all forecasters contacted were expecting the Bank to take no action. But holding rates constant was...(read more)