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NEWS APRIL 2017
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  TORONTO, April 5, 2017 .
TREB reported 12,077 residential transactions. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016.
The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016.
Average price by major home type.
  416 905
Detached $1,561,780 $1,124,088
Semi-Detached $1,089,305 $742,501
Townhouse $761,128 $690,202
Condo $550,299 $440,650
     
“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” said Toronto Real Estate Board President.
     
  The top condo builders in Toronto
Remember, scrutinizing over price lists, location and floor plans isn’t enough. Long before signing on the dotted line, going the extra mile and carrying out due diligence on a residential developer is a must. In no particular order, here is the best condo developers in Toronto and home builders in Ontario as a whole.
Tridel
The Daniels Corporation
Minto Group Inc.
Menkes Developments
Aspen Ridge
Pemberton Group

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  What do you want Hold or Flip?

First , is what we call holding. an investor buys a property but then holds it for the purpose of using it as investment property. They own the property but use it as a rental property, which allows them to cover cost and even make money over a period ( usually more than 3 years) of time. The most money investor is making on appreciation of the property.

“Flip” comes into play when an investor buys a house specifically for the purpose of remodeling it and putting it back on the market right away. This process is used, by the investor, to make as much profit as possible on each individual sell and as quickly as possible.

I recently asked this question and the answer was: I want more money. Let’s talk - call me for answers.
 
  Check your mortgage broker

Mortgage Broker Regulators’ Council of Canada (MBRCC) has launched a new online database that would show if a particular broker has violated existing industry rules.

“Consumers can enter a mortgage broker’s name or company into the search-friendly database and see disciplinary actions (e.g., licence suspensions, administrative penalties, cease and desist orders) that have been taken against a broker by their provincial mortgage regulator and other Canadian regulators,” the MBRCC announced.
 
       
   
   

 

 

 

 

Konstantin Kichtchenko Sales Representative Right at Home Realty Inc., Brokerage 416-391-3232 1396 Don Mills Road B121, Toronto, Ontario, M3B 0A7