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This Fall’s market statistics haven’t been as strong as we have seen in many of the previous year’s Fall markets. While prices overall are still slightly up over last year’s prices, the number of sales have decreased in many areas and the number of properties available for sale has increased, offering buyers more choice. In addition to these declining numbers, announcements were made recently regarding changes in mortgage financing rules set to take effect on January 1 that will further cool the market in many segments. We will be sending out more information in the coming weeks regarding the changes and how it might affect your real estate plans next year. If you are not on our mailing list, please be sure to contact us today to receive this important information package!
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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| "Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB's MLS® System in September 2017. This result was down by 35 per cent compared to September 2016.
The number of new listings entered into TREB's MLS® System amounted to 16,469 in September – up by 9.4 per cent year-over-year."
Read More..
SEPTEMBER 2017
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| | | | | | | Google's Sidewalk Labs signs deal for 'smart city' makeover of Toronto's waterfront
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| | A unit of Google's parent company, devoted to urban innovation, has signed a deal to map out a new kind of neighbourhood on Toronto's waterfront that could demonstrate how data-driven technology can improve the quality of city life.
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Wynne’s rent controls have already backfired |
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| "When the Ontario government first proposed an expansion of the province’s rent control legislation, many economists and policy analysts warned this would create a disincentive for companies to build more rental housing stock and have a negative effect on the quality of existing housing"
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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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| 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 |
| Great Unit in Prime Downtown Harbourfront with South-West Views!
Property Type: Condo Apartment Size: 700-799 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 1
Neighborhood: C01 Waterfront Communities |
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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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