Richmond Hill Real Estate | Aurora Real Estate

It seems to be official that the Canadian government is stepping in again to tighten up regulations on the lending industries.  This year we are looking at the removal of the 35 year amortization period, a reduction in the maximum loan to value ratio for refinancing of your home from 90% to 85% and more restrictions on Home Equity Lines of ...

The real estate markets so far this year have been exceptionally active, with near all time record monthly sales volumes and fairly significant increases in average home sale prices.  In June we saw a drop in sales to, a still reasonable, 8,442 home sales, with an average home sale price of $435,034. The big news is that this year the ...

Everyday we are bombarded with information from a wide variety of sources.  Some we have become accustom to ignoring, like advertising, and others we are told should be seen as authorities on facts about our world and how it effects us.  News media is generally believed to be trustworthy and yet I keep hearing and reading fearmongering ...

The Greater Toronto Area real estate markets are finishing off the year with a boom.  September 2009 had 8,196 homes ( both freehold and condominium) through the Toronto Real Estate Board's (TREB's) MLS® system with an average sale price of  $406,877. In the Richmond Hill MLS® districts there were 225 detached homes sold out of 403 ...

First A quick update on this years Toronto and GTA real estate markets. Most of us recognized that 2009 started off as a very slow year. Buyer's were nervous and their savings had been decimated or worse. But the real estate market started to bounce back in March. The Total number of home sales on the Toronto Real Estate Board's MLS® system in ...

The Province of Ontario has just announced that it is extending the land transfer tax refund for first time buyers of newly constructed homes to now include resale homes. This means that first time home buyers can now save up to $2,000 on a resale home purchase. The legislation for this rebate has not yet been passed, but any first time home ...

A quick update for anyone who missed the announcement. The Government of Canada has passed Bill C37 which changes the minimum loan to value amounts for conventional mortgages. What does this mean to you? In the past if you were borrowing more than 75% of the purchase price, or value of the property, you had to get CMHC or Genworth mortgage ...

Busy! That pretty much sums up the current greater Toronto Real Estate markets and why I have not posted in too long. February and March had very strong sale, just lower that Feb. and Mar. 2006, but April 2007 blew past April 2006's 8361 sales. With 9452 sales in April 2007 this sets a new record for April sales in the GTA real estate ...