Archive for September, 2007

Toronto real estate. BMO WAIVED BANK CHARGES FOR FIVE YEARS

Hats off to the Bank of Montreal for starting a practice that all financial institutions should have in place, and could even improve upon.
BMO has announced that prospective homebuyers who take out a five-year fixed-rate mortgage and existing homeowners who renew for a five-year fixed rate, by Oct. 31 of this year, will not have [...]

Markham real estate. OPEN HOUSE - BRAND NEW MARKHAM TOWNHOUSE

 
Open house  in Markham Cornell neigbourhood!
Address: 769 CORNELL ROUGE BLVD - Markham Bypass/16th
Visit our Open House on September 22 and September 23 from 2 to 5.
BRAND NEW TOWNHOUSE, NEVER LIVED IN!
Only $334,900 for a Forest Hill beauty - 3-storey town facing park.
4 Bedrooms or 3 Bdr + second floor Family room (easy to convert to [...]

TORONTO REAL ESTATE. NEW HOMES MARKET IN FALL

Sales of new homes in the Toronto area remain healthy, but that isn’t being reflected in current housing starts, according to Canada Mortgage and Housing Corp.
Starts edged down in August to a seasonally adjusted and annualized 32,000 from 35,100 in July, the federal housing agency reported yesterday.
One problem has been that developers are having trouble [...]

HOUSING AFFORDABILITY IN CANADA

You have to go back more than a decade to find housing affordability eroding as quickly as it is now, according to a new study from one of the country’s major chartered banks. All major housing classes have been impacted by the combination of rising interest rates and rising prices.
“In the second quarter, Canada’s housing [...]

Toronto real estate. INTEREST RATE STAYS THE SAME

The Bank of Canada kept its key overnight interest rate unchanged at 4.5 per cent Wednesday, September 5.  The cautious move was the result of uncertainty over where the economy and inflation are heading.
Bank of Canada governor David Dodge increased the key interest rate to 4.5 per cent in July — from 4.25 per cent — [...]