December 2017 Market Update

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92,394 home sales were reported through the TREB MLS in 2017. Annual home sales were down 18.3% from a record-setting 2016, but the average price climbed up 12.7% compared with 2016. While sales have fallen for seven months since May, the GTA has seen signs of recovery in the past few months, with sales in […]

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New Mortgage Rules Come Into Effect January 1, 2018

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If you’re looking to buy and will have more than 20% down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, 2017 the Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for residential mortgage underwriting at all federally regulated financial […]

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Buying A Condo? Make sure you ask the right questions

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Stats Canada tells us that from January to April 2017, total housing starts in Ontario totalled 18,707 and of these 47% or 8,804 were condominiums. There are lots of reasons to purchase a condo; first time home buyers view condos as a good entry into home ownership, and they can be the perfect fit for […]

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Indoor Air Quality

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Our homes harbor more than just our families and possessions. Home is also where pollutants, allergens, and other irritants accumulate and thrive, with possible harmful effects on our health. There are simple steps homeowners can take to improve the air quality in their home and increase their comfort and well being. HANDLE HUMIDITY High humidity […]

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Water Quality In The Home

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Community water systems are required to test and monitor drinking water supplies to ensure safe and good-tasting water. But what happens once the water has been piped into towns, neighborhoods, and homes? Older homes may still have service lines made of lead going into the home, which can cause lead to leach into the water. […]

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Tips To Protect Your Home From Water Damage

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Did you know that water is the leading cause of home damage in most provinces? Just this past May, communities across the country had to cope with flooding as heavy rainfalls hit various regions over many days. What can you do to protect your home? Here are some useful insurance tips: Water resistant décor. The […]

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$4,000 Tax Break for First-Time Home Buyers!

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Great News For First Time Home Buyers! Ontario REALTORS® have lobbied for and won the first tax break for first-time buyers in over ten years. This tax break will help make home ownership more affordable by providing some relief to those Ontarians that need it most – young families. As part of Ontario’s Fall Economic […]

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Real Estate Market Stats Oct 2016

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Sales of homes in the GTA hit a record 9,768 in October, up 11.5% compared to the previous year! Toronto Real Estate Board reported that the condo market was particularly strong, rising 22.2 per cent, but detached single-family homes also increased, rising 10.3 per cent. With the new federal mortgage rules implemented in mid-October, it will […]

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Discover Your Perfect Life!

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Royal LePage has just launched an innovative and engaging tool called “Your Perfect Life”, a first in Canadian real estate, to assist you in your home search by finding places that fit your lifestyle preferences. This new lifestyle demographic profile generator is ideal when you are considering relocating and want to learn more about prospective […]

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Strong Growth in Home Sales in Q1 2016

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The first quarter of 2016 ended with strong growth in home sales following a strong result for March. There were 10,326 sales in March and 22,575 sales in the first quarter. The year-over-year growth rate for home sales was 15.8 per cent for Q1 2016 and 16.2 per cent for March 2016. For the Toronto […]

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