Author Archives: Zenar

Canadian real estate in the “middle of the pack” globally

Posted on December 21, 2011 by Zenar

Canada’s housing market is maintaining a strong presence and in the 13th year of a housing boom, average prices for homes in many Canadian cities continue to rise, according to a new report on global real estate trends. The report … Continue reading →

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Toronto real estate market favours sellers

Posted on December 16, 2011 by Zenar

Canadian housing numbers released Thursday suggest that the market is getting tight and inching closer to a sellers’ market as sales and prices jumped again in November. Figures released by The Canadian Real Estate Association (CREA) shows that sales activity … Continue reading →

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Buying a Home? CMHC Offers Range of Tips and Resources

Posted on November 16, 2011 by Zenar

Buying a home is one of the biggest financial decisions you will make. Canada Mortgage and Housing Corporation CMHC offers a variety of publications, calculators and tools to help you make informed and responsible homebuying decisions. To assist you in … Continue reading →

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Average home price rises 6.5% to $352,600

Posted on October 17, 2011 by Zenar

Higher sales in a number of major markets, most notably Toronto, helped push the average price of a Canadian home up 6.5 per cent in September compared with a year earlier. The Canadian Real Estate Association said Monday the average … Continue reading →

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Boomers plan to retire mortgage-free but many are cutting it close

Posted on October 14, 2011 by Zenar

Nearly four-in-ten (39%) boomers who plan to retire in the next three years still have a mortgage on their home, yet two-thirds of boomers expect to retire mortgage-free (65%). According to the TD Canada Trust Boomer Buyers Report, many boomers … Continue reading →

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Conditions Improve for Toronto Home Buyers

Posted on October 13, 2011 by Zenar

Since June of this year Toronto’s real estate market slowly started to move away from being a strong sellers market to one that is becoming a bit more balanced. But only recently have I started to see the effects of … Continue reading →

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Toronto’s iconic Flatiron is up for for sale

Posted on October 11, 2011 by Zenar

  The triangular five-storey red-brick building, with a trompe l’oeil mural on the side, went on the market Tuesday, with formal bids due on Oct. 27 to Brookfield Financial Real Estate Group, which is overseeing the sale. “It’s the ideal … Continue reading →

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September strong for sales in Toronto, with listings expected to pick up

Posted on October 8, 2011 by Zenar

  Residential sales activity and home prices in Toronto continued to rise in September, keeping on pace for the second-best sales year, according to the Toronto Real Estate Board. There were 25% more sales last month compared to a year … Continue reading →

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Mortgage Lenders Shifting Consumers from Variable to Fixed Mortgage Rates

Posted on October 6, 2011 by Zenar

A great shift is happening in the mortgage market as lenders are enticing Canadian consumers to deeply discounted fixed mortgage rates and away from variable mortgages. Low bond yields continue to provide lenders with room to manoeuvre and offer better … Continue reading →

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Home prices can’t keep increasing, despite low interest rate environment

Posted on October 6, 2011 by Zenar

  Canadian home prices spiked unexpectedly by as much as 7.8 per cent in the most recent quarter, but such dramatic increases aren’t likely to last, according to a housing report released Wednesday. The Royal LePage House Price Survey warned … Continue reading →

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