Toronto Real Estate Home Prices Report For December 2016 [All statistics via TREB Market Watch] Average sales year-to-year increases In the final month of 2016, the Toronto MLS statistics confirmed that 2016 will be the second consecutive record year through the TREB MLS system. In December, GTA realtors reported 113,113 transactions for home sales, up from 101,213 year-over-year comparision. This is a 11.8% increase compared to December 2015. In the TREB market districts, sales were up for all major home types, with the strongest annual rate of sales growth experienced in the condominium market and detached homes throughout the calendar year. TREB recently commissioned IPSO to determine if
Toronto Real Estate Home Prices Report For November 2016 [All statistics via TREB Market Watch] Average sales year-to-year increases As we approach the end of 2016, the Toronto MLS statistics show evidence that 2016 will be the second consecutive record year through the TREB MLS system. In November, GTA realtors reported 8,547 transactions for home sales, up from 7,337 year-over-year comparision. This is a 16.5% increase compared to November 2015. In the TREB market districts, sales were up for all major home types, with the strongest annual rate of sales growth was shown in the townhouse and condo apartment market. These sectors represents a more affordable segment for first time home buyer
NEW COMERS AND NON-RESIDENTS BUYING PROPERTY IN CANADA New-comers and non-resident home buyers are often faced with financing hurdles when they look into home purchase in Canada. Toronto Mortgage Agent Rosanna Younan has provided some lending information that could be helpful to new comers and non-residents planning to move to Canada. NON-RESIDENT BUYING PROPERTY IN CANADA: What is the definition of non-resident in Canada? Non-residents are individuals who do not reside in Canada (they might have Canadian citizenship but do not live in Canada; or they may be citizens of a different country) Does a non-resident buyer have to be in the country at time of purchase? All mortgage documents exec