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Greetings!
Even though the summer weather is not quite here yet – it definitely feels like it is around the corner. Toronto real estate sales continues to be strong for the month of May with condominiums and entry-level freehold properties leading the way. Active listings were essentially in line with last year’s figures and our expectation is that the market will continue to be active heading into early July.
There was some speculation amongst real estate circles that the mortgage stress test would be amended later this year. However the Canadian Mortgage and Housing Corporation (CMHC) recently defended the mortgage stress test rules indicating that it was a necessary component to keep Canadian debt levels in check. It will be interesting to see if the Finance Minister feels any need to make any further changes to the mortgage rules later this year.
Last month we announced a fantastic new prize giveaway for our clients in 2019! Any of our clients who buy, sell or refer (a purchaser or seller) in 2019 will be eligible to win a special one week accommodation at the luxurious Crane Resort in Barbados! The Crane is a five star resort, set atop beautiful Crane Beach. We are excited to share this chance to win this amazing prize with our clients in 2019. We will announce the lucky winner in January.
Also, this month be sure to enter our draw to win Toronto FC tickets, review the monthly market statistics, and much more.
Alex and Elaine
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| | "Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019." |
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| | | | | | | | CMHC defends mortgage stress test changes amid calls for loosening rules |
| | "The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations."
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| | | 5Fix It or Not? What to Ask When Prepping Your Home for Sale |
| | "Find out whether a repair is worth making before you put your house on the market" |
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We are happy to announce that once again this year we will be hosting our annual Family Movie Event coming up in June!
We are very excited to feature this year Disney Pixar's Toy Story 4
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2 Magazine Worthy Freehold Townhome
In Forest Hill!
Property Type: Att/Row/Twnhouse Size: 2000-2500 Sq Ft # of Bedrooms: 3 # of Bathrooms: 3.5
Neighborhood: C03 Forest Hill South
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Spacious Bright 1 Bed+Solarium at Yonge/Bay/College!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
Neighborhood: C01 Bay Street Corridor |
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Beautiful And Bright 1 Bedroom Unit
With Parking At Yonge And Davisville In The
Desirable Myc Condosl!
Property Type: Condo Apartment Size: 500-599 Sq Ft # of Bedrooms: 1 # of Bathrooms: 1
Neighborhood: C10 Mount Pleasant West
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NEWSLETTER SIGNUP
Click here to continue receiving Toronto real estate market updates, homeowner tips, client discounts at participating home services partners, chances to win prizes, access to exclusive listings, investment opportunities, free seminar invitations and more! |
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ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
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