Don’t think you have the money to invest in real estate? Your IRA could be the answer.
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Don’t think you have the money to invest in real estate? Your IRA could be the answer.
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According to a recent article in the Toronto Sun by the Toronto Real Estate Board's President Paul Etherington on September 19, 2014, the cost of owning a home in the GTA has grown exponentially in recent years. In July, the average price of a GTA home was $550,700. Compare that to the average price of $395,414 five years ago and the result is a 39 per cent increase.
Greater Toronto REALTORS® Report Monthly Resale Housing Figures TORONTO, September 4, 2014 – Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly.
Toronto Real Estate Market has been very hot this spring. No signs of slowing down. This is definitely looking like a Seller's Market with all the MLS listings I'm seeing coming up and selling within days with a Bidding War! Mortgage rates are low, competition is fierce. Bring your best offers to avoid disappointment!
Through recent stats collected from the TorontoMLS system, it was stated that the average selling price of detached homes in Toronto in May of 2014 was up by 11.4% compared to homes sold in May last year. The average price for a detached home in Toronto was $943,055 and the average was $648,439 in the surrounding GTA regions. For the condominium market, the average selling price in Toronto was $401,809, and for surrounding areas $307,307. The Toronto Real Estate shows no signs of slowing down!
An article in the Toronto Star written by Mark Weisleder on Friday May 9th, 2014 highlighted the "5 things to know" when deciding on whether you should sell your home on your own. Mark strongly suggests that by selling your home with a Professional you will be better protected and in the end make more money. "Not always", he says, "but in many cases."
In a recent article on CBC.ca it was stated that Bidding Wars are heating up the Toronto Real Estate Market. This can be attributed to a large number of buyer looking for their first home, and who want to take advantage of the historically low mortgage interest rates out there.
According to an article in today's Toronto Star, the Canadian Real Estate Association reported a stronger year than expected for 2013 and predicts an even stronger year for the upcoming year in 2014.
"CREA said Monday the 2013 projected national average price is $382,200, a 5.2 per cent increase from last year. The projected national average price for 2014 is $391,100, a 2.5 per cent increase from this year."