Archive for the ‘Economic Forecasts’ Category

“Buying an Old House, A Money Pit or Gold Mine?”

May 18, 2012 in Economic Forecasts | Permalink | Comments (0)

It's like a love affair; some older homes make your heart skip a beat. It is hard not to fall in love with an older home’s historic unique architecture, gabled roofs, hardwood floors, crown moldings and antique light fixtures—older homes definitely have their charm.

The plastered walls, leaded glass windows, original chandeliers, and oak paneling make an old home as attractive as it can possibly be. If you found your love you should be aware of the following money pitfalls of old houses. ....

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“THE THREE CITIES WITHIN TORONTO”

April 21, 2012 in Economic Forecasts | Permalink | Comments (0)

If current trends continue, the City of Toronto will eventually be sharply divided into a city of wealthy neighbourhoods and poor neighbourhoods with very few middle income neighbourhoods.
This is the conclusion of a report released by the Cities Centre, written by J. David Hulchanski with the support of a research team from the University of Toronto and St. Christopher House. In 2007, the Cities Centre released a report on the “Three Cities in Toronto,” using data from the 1970s to 2001. T....

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“First Quarter Condo Market Report released”

April 19, 2012 in Economic Forecasts, MLS® Activity | Permalink | Comments (0)

Greater Toronto REALTORS® reported 5,027 condominium apartment transactions in the first quarter of 2012. This result was up by two per cent in comparison to the first quarter of 2011. Over the same period, the number of new listings of condominium apartments was up by 14 per cent.
"With sales increasing moderately year-over-year and listings growing strongly, the condo apartment market became better supplied in the first quarter. With more choice for buyers in the condo market segment compare....

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“Quote of the day”

March 26, 2012 in Economic Forecasts | Permalink | Comments (0)

“In these extraordinary economic times, I believe that history is less relevant for the purpose of forecasting or projecting future interest rates. Indeed, the volatility of short-term rates in the last few years has been close to zero. But it would be ridiculous to extrapolate that volatility is dead. If anything, the risk of a ‘pop’ in rates is ever growing,” says Mr. Milevsky. “I believe that Canadians should first and foremost take a comprehensive approach to what I like to call ....

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“Canadian home sales edge higher last month”

March 15, 2012 in Economic Forecasts | Permalink | Comments (0)

According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity improved in February 2012 after having declined in January.
Highlights:
•Home sales rose 1.4% from January to February.
•Actual (not seasonally adjusted) activity was up 8.6% from February 2011 levels.
•The number of newly listed homes climbed 1.9% from January to February.
•The national sales-to-new listings ratio was little changed, remaining firmly in balanc....

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