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The Toronto real estate market is finally showing more balance between buyers and sellers. Prices are still up from last year while sales volumes across the board are down. Since the mortgage qualification changes were announced on October 17th, we are seeing a last minute push by buyers to get into the marketplace before the new mortgage financing rules take effect on January 1 2018. These new financing qualification rules have the potential to have a dampening effect in the market across different segments in 2018.
If you would like to discuss how these mortgage rule changes will impact you in 2018, call us today to find out more details and what action you may need to take now!
Alex, Elaine and Otto
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| | 5 Charts That Show How Toronto’s Housing Market Has Finally Balanced Out
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| | "After a summer of slumping sales and prices, it seems that Toronto’s housing market has finally balanced out."
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| Do's and Don’ts For Holiday Shopping: Vaz-Oxlade
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| | "If you want to make sure that you’re not spending more money than you have to, you need to do some comparison shopping."
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| | | "Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB's MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions.
On a year-over-year basis, October sales were down compared to 9,715 transactions in September 2016. Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same time period in 2016."
Read More..
OCTOBER 2017
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| | | | | EXCLUSIVE Opportunity to purchase Assignment Condominium Unit for sale at the Nobu Residences at 15-35 Mercer Street. Two Bedrooms Plus Den with 2 Bathrooms South Facing on High Floor! 804 Square feet of luxurious living space with top of the line appliances and finishes. The Nobu Residences development is sold out and the south facing units were in the highest demand.
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: $969,900 Estimated Occupancy July 2022 Maintenance Fees $0.63 per Sq. Ft per month
Please contact us for questions and details. |
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Large Renovated 1 Bedroom Plus Den Steps To Yonge and Bloor!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
Neighborhood: C02 Annex |
| Rarely Available, Bright Spacious 1+1 In The Heart Of North York!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
Neighborhood: C14 Willowdale East |
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Beautiful and Spacious Home in Ajax
Lakeside Community!
Property Type: Condo Apartment Size: 2000-2500 Sq Ft # of Bedrooms: 4 # of Bathrooms: 4
Neighborhood: Ajax South East Durham SOLD!
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| Open Concept Bachelor Steps To All that Downtown Has To Offer!
Property Type: Condo Apartment Size: 0-499 Sq Ft # of Bedrooms: 0 # of Bathrooms: 1
Neighborhood: C08 Church-Yonge Corridor SOLD! |
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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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