| |
|
Greetings!
Despite the cold weather and heavy snow falls this past month, February proved to be a strong month for real estate sales in the GTA. Due to the current cold climate, we are expecting to see a two to three week delay in the start of the Toronto spring real estate market, which typically begins in early March.
There is considerable pressure for the Office of the Superintendent of Financial Institutions (OSFI) to amend the mortgage “stress test” which requires home buyers having to qualify for mortgage payments for much higher than they would actually have to pay on a monthly basis. One of the unintended consequences of the stress test has lead to a spike in private mortgage lending last year, which often carries interest rates 2-3 times that of mortgages offered by traditional banks and trust companies. For additional details on this policy amendment, feel free to review the article below.
This month be sure to enter to win this month’s giveaway for tickets to the Royal Ontario Museum, review the monthly market statistics, and much more!
Alex, Elaine, and Otto
|
|
| | "TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018." |
| |
| | | | | | Toronto real estate board calls on Ottawa to revisit mortgage stress test |
| | "TORONTO — Canada’s largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto’s once red-hot housing market."
|
| | | 5 Steps for Decorating Your New Condo From Scratch
|
| | "How to transform your empty, box-sized apartment into a character-filled living space" |
| |
|
|
| | | | | |
EXCLUSIVE Opportunity to purchase Assignment Condominium Unit for sale at the Nobu Residences at 15-35 Mercer Street. Two Bedrooms with 2 Bathrooms on High Floor!
719 Square Feet of Luxurious Living Space with Top of the Line Appliances and Finishes. The Nobu Residences development is Sold Out and Unites were in the Highest Demand. Seller to receive $28K credit on closing. Ask L/A for details.
Located in Toronto’s Entertainment at King and John. Steps to King Street restaurants, Royal Alexandra Theatre, Roy Thompson Hall, Art Gallery of Ontario and the Bell TIFF Lightbox.
Offer Price:$899,800
Tentative Occupancy July 2022
Maintenance Fees $0.63 per Sq. Ft per month
Please contact us for questions and details.
|
| |
|
| 2 Storey King St West Corner Loft W/ Wrap Around Balcony @ Electra Lofts!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1 # of Bathrooms: 1
Neighborhood: C01 Niagara FOR LEASE! |
| |
|
Ideal For Restaurants Or Retail Space With Excellent Street Exposure! Property Type: Commercial/Retail Size: 4,421 Sq Ft
Neighborhood: E04 Wexford-Maryvale FOR LEASE! |
| | 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! |
| | |
ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
| |
|
