logo
NEWS OCTOBER 2015
Main Page
Buying Home
Selling Home
Invest
News
Listings
School
 
 
       
  TORONTO, October 5 , 2015. Home sales reported by Greater Toronto Area REALTORS® were up by 2.5 % compared to the same period last year. The average selling price for transactions was up by 9.5% .


Average price by major home type.
  416 905
Detached $1,053,871 $732,852
Semi-Detached $740,373 $497,775
Townhouse $527,257 $448,930
Condo $418,603 $307,295
     
"While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year’s level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016” said Jason Mercer, TREB’s Director of Market Analysis.
     
  Canada's Top 100 Neighbourhoods to Invest for 2015

Ontario continued to claim the largest number of neighbourhoods on the list
Geographic Distribution:
34% Ontario
23% Alberta
18% BC
13% Quebec
5% Manitoba
4% Nova Scotia
3% Newfoundland

Key Evaluation Data:
Population Growth
Median Price
Price Growth (12 months)
Vacancy Rate
Cap Rate
Infrastructure
Cash Flow
 
  Creating 700,000 new homeowners by 2020

The Conservatives are setting a target of creating 700,000 new homeowners by 2020.

They include commitments made on this campaign to expand the home buyers’ plan, establish a permanent home renovation tax credit and measures to address foreign ownership of Canadian residential real estate.

According to information provided by the party, the target would raise Canada’s home ownership rate to approximately 72.5 per cent. The Canada Mortgage and Housing Corp., citing information from Statistics Canada’s National Household Survey, says the home ownership rate was 69.0 per cent as of 2011, the most current data available.

The announcement of a target for the impact of political promises mirrors a commitment from the Conservatives exactly one week ago that their policies would create 1.3 million net new jobs by 2020.
 
       
  I recommend...

This topic can be very beneficial: For years I've been collecting recommendations from my clients about service providers that they have used. Please feel free to email me your positive or negative experience, I'll be sure to share it with my clients.

International Chess Master Lia Bogdan is now accepting a limited number of students to receive individual and small group (maximum 3) instruction and training in the art of Chess. Her program is geared specifically to children between the ages of 6 and 10.

Develop the visual memory of your child's brain through the creativity and discipline of Chess Give your children the confidence and the tools they need to excel in their education and in personal life

• National Chess Master since 1976
• Chess Teacher
• Chess Trainer
• 1981 Winner of International Women's Tournament (Poland) and Men's Tournament (Italy)
• 1971 -1981 Bucharest Women's Champion
• Contributor to Romanian Educational Television Programs
 
   
   

 

 

 

 

Konstantin Kichtchenko Sales Representative Accsell Realty Inc., Brokerage 416-477-2300 5155 Spectrum Way, Mississauga, Ont