Canada’s housing market remains on solid ground, according to the Canadian Real Estate Association. Transactions involving resale homes are on track to set a new annual record for 2006, according to CREA.
In the month of August alone, seasonally adjusted homes sales activity via the Multiple Listing Service in Canada’s major markets numbered 27,657 units — [...]
First National Financial LP is pleased to be one of the first Canadian lenders to offer the Canada Mortgage and Housing Corporation (CMHC) insured Interest-Only Mortgage, a new mortgage concept that can help qualified homebuyers lower their monthly mortgage payments and improve their monthly cash-flow flexibility.The Interest-Only Mortgage gives qualified homebuyers the option of paying [...]
Leonardo DiCaprio says he is buying a new home for his mother.
“I’m purchasing a new place for my mother, but it has to be more than 1,400 square feet,” he told the New York Post’s Page Six.
DiCaprio also inked a deal for a $5 million penthouse in Hudson Blue, a new development under construction in [...]
When Richard Gaylord tells people he lives in a castle, few believe him.
“But it really is one,” the developer protests. “We’ve got the turrets and all. I’m a stickler for detail, and I don’t like doing things in half measure.”
Castle ownership isn’t for everyone, what with the heating costs, potential for plumbing problems and [...]
The video which outraged America by depicting the assassination of US President George W Bush took home the Fipresci prize, which is chosen by international critics, at the Toronto film festival.
British director Gabriel Range’s Death of a President stirred up a strong reaction even before it premiered at the festival.
The jury of film critics cited [...]
The resale housing market in the Toronto Area performed solidly in the first half of September, Toronto Real Estate Board President Dorothy Mason announced today.”The 2,913 sales to the 15th of the month are off moderately from the 3,112 sales reported to the same time last September,” Mrs. Mason said. “Even though these figures represent [...]
Innocent homeowners who discover fraudsters have illegally taken out a mortgage against their property and vanished with the cash will no longer be responsible for paying off the debt under new legislation the Ontario government plans to introduce later this fall.”If this bill is passed, innocent homeowners who are the victims of real-estate fraud will [...]
Economic conditions are poised to give buyers more homes at lower prices this fall and winter, and as luck would have it, it’s that time in the annual buying and selling cycle when more motivated sellers are more open to negotiations.
A year ago we had record home sales and tight supply with buyers bidding over [...]
It’s amazing:
Overbaked real estate markets are crashing in many parts of the U.S., sending highly leveraged buyers running for cover. But here in Toronto, our hot housing market keeps steaming ahead, with last month crunching in as the second-best August in the history of the Toronto Real Estate Board (TREB).
And with this week’s mortgage rate [...]
