Blog by Ravi Singh

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Toronto Luxury Home Demand on the Rise

April 13th, 2012
Toronto Luxury Home Demand on the Rise
By Susan Pigg
www.moneyville.ca

As status symbols go, they don’t have as much flash as a sports car, but high-end househunters are looking for a different kind of luxury in Toronto’s top neighbourhoods these days — two laundry rooms.

The well-heeled are also seeking out swimming pools — no matter how tiny — as well as home-office/homework rooms where the ...

Five Housing Hot Spots in Toronto

April 12th, 2012
Five Housing Top Spots in Toronto
By Ellen Moorhouse
www.thestar.com

Talk to real-estate agents, and most express disbelief at how the Toronto market keeps defying the doomsayers month after month.

What’s fuelling it? Those bargain-basement mortgage rates keep affordability in line, even as prices have risen, says Toronto Real Estate Board analyst Jason Mercer.

Factor in the number of potenti ...

Toronto's Condo Boom Continues after Record 2011

April 5th, 2012
Toronto's Condo Boom Continues after Record 2011
By Susan Pigg
www.moneyville.ca

If the recently launched INDX project in the heart of Toronto’s financial district is any indication of the state of the city’s condo market, then this year could prove to be even more bullish than last as the core continues to creep toward the heavens.

INDX is among some 27 new condo projects that have launched ...

Toronto Condo Towers Now City's Tallest Buildings

March 22nd, 2012
Toronto Condo Towers Now City's Tallest Buildings
By Suan Pigg
www.moneyville.ca

Canderel’s sleek new condo building sprouting from the ground at Yonge and Gerrard Sts. has a title that’s just waiting to be toppled — Canada’s tallest residential building.

When all 78 storeys are complete, Aura will tower 272 metres and — for a while at least — surpass everything in the city except the CN Towe ...

Condo Sales Gives us a $96,000 Option

March 20th, 2012
Condo Sale Gives us a $96,000 Option
By Madhavi Acharya-Tom Yew
www.moneyville.ca

After just under three weeks on the market and two failed offers, my husband and I sold our two-bedroom condo in Scarborough for $250,000.

 

We owe about $129,000 on the mortgage which leaves us with $121,000 in equity.

 

Related: How home closing costs can add up

 

After paying the 5 per cent commission and HST ...

Canadian Real Estate Prices are Falling - Not the Sky

March 12th, 2012

Canadian Real Estate Prices are Falling - Not the Sky
By David Olive
www.thestar.com


Everything in moderation.

Recent homebuyers can’t be cheered by forecasts of a looming slump in house prices so soon after paying record prices in what may be the tail end of a 13-year-long Canadian housing boom.

But hold the Prozac.

First, while house prices are widely forecast to soften this year, no one’s ...

Want to Buy into a "Top" School? Real Estate Company Ranks Areas by Test Scores

March 1st, 2012


Lawrence Park — the richest neighbourhood in Canada — has the highest standardized test scores in Toronto, according to a new ranking by a local real estate company.

Realosophy, a real estate brokerage in Leslieville, recently started ranking desirable neighbourhoods according to school performance. Their latest offering is a top 10 list of Toronto areas ranked by how well elementary school ...

CMHC Sees Steady Housing Market Ahead

February 13th, 2012
CMHC Sees Steady Housing Market Ahead
www.moneyville.ca

OTTAWA — Canada Mortgage and Housing Corp. is predicting the Canadian housing market will remain fairly stable this year and next, with little change from 2011 in prices, new home construction and sales of existing homes.

The national housing agency said Monday in its first-quarter 2012 report that the foreseen stability stems from an ec ...

Toronto Real Estate: Average Detached House $606,600

February 7th, 2012
Toronto Real Estate: Average Detached House $606,600
By Susan Pigg
www.moneyville.ca

The Canadian Real Estate Association has launched a new system for tracking home and condo sales prices aimed at giving buyers and sellers a more precise picture of what’s happening right in their neighbourhoods.

The new system will track Canadian and regional home sales and price escalations based on “benchm ...

Average House Price Nears $500K in Sizzling Toronto Market

February 3rd, 2012
Average House Price Nears $500,000 in Sizzling Toronto Market
By Susan Pigg
www.moneyville.ca

Low interest rates, and low inventories of houses for sale, helped push house prices up almost 9 per cent across the GTA this January over last, according to statistics released by the Toronto Real Estate Board Friday.

The average sale price across the GTA hit $463,534 in January. But average price o ...

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