CMHC Stress Test Says House Prices Could Drop 30% On Interest Rate Spike

A sudden interest rate increase that spikes borrowing costs, causes a big drop in house prices and leads to the failure of a domestic financial institution could cost Canada Mortgage and Housing Corp. more than $1.1 billion in insurance losses, but the federal agency says it could weather the storm. That scenario was just one of six CMHC laid out as it revealed the results of a “stress testing” …

Sales and Average Price Up Again in August

Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for all major home types. The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down …

June 2015 – Real Estate Market Watch

Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132. ‘It is important to point out that our region continues to grow in response to our diverse economic, ethnic and cultural bases. The GTA …

Another New Sales Record for the Month of May 2015

  Toronto Real Estate Board  announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014.       For the TREB market area as a whole, sales were up for all major housing types. However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for …

February Real Estate Market Watch -Robust Sales and Price Growth

Toronto Real Estate Board  reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.     Even with the record low temperatures last month, we still saw an …

November 2014 in Toronto and Newmarket Real Estate

The Toronto Real Estate Board  reported 6,519 residential transactions through the TorontoMLS system in November 2014. This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013. Through the first 11 months of 2014,total sales amounted to 88,462 – up 6.6 per cent compared to the same period in 2013.While the trend of year-over-year sales growth continued, the supply of listings …

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Winterfest 2018 Is Tomorrow! February 17, Saturday, 9 am to 3 pm

Time flies.. It seems we just had winter festivities of 2017, and here comes Newmarket WINTERFEST 2018 ! Bring your family and friends, and have a day …


For Lease- 96 Longford Drive, Newmarket (Lower Lever)

A Well Sized Two Bedroom Basement Apartment Conveniently Located Near Yonge And Davis. Easy Access To YRT And Go Transit. Short Distance to Upper Canada …


You Are Invited! This Saturday, February 10th 2-4 pm – 212 Roadhouse Boulevard In Newmarket!

Loads of snow and minus 7 degrees are expected this Saturday , however,  it will be warm and cosy at 212 Roadhouse Blvd in Newmarket . If you are on the …


5 Top Reasons To List Your House In Winter

New Year Resolutions – It is a human being psychology to set resolutions for the upcoming year. It never fails that the first week of January brings …