· The June Market Report speaks volume to increased consumer confidence in Toronto’s real estate market. More buyers are moving from the sidelines after digesting the possibilities of rate hikes, and into the higher density market segments (semi-detached houses, townhouses and.
But while a return to a more balanced market is good news for buyers, it doesn’t mean houses are now selling for a song; rather, the definition of buyers’, sellers’, and balanced markets refer to the level of competition in any given region, based on its sales-to-new-listings ratio.
· The housing market will not grow forever, but it is hard to say when things will change. As Dennis said, real estate trends are very different in various parts of the country. Some parts of the country may see increasing prices for a few more years, while others may see a drop right away.
One Nomura trader convicted, one cleared at bond fraud trial People on the move: Sept. 15 Sarah MacGuire has been named chairman for both The Broadmoor and Colorado Springs Cotillions. She replaces Connie Armit, who had led the nationally recognized Jon D. Williams Cotillions for 18 years.U.S. judge throws out Nomura bond trader's conviction – Reuters – A U.S. judge on Tuesday threw out the conspiracy conviction of a former Nomura Holdings Inc <8604.T> trader accused of lying to customers about mortgage bond prices, a setback for prosecutors in.
Is Toronto’s Housing Market now favourable for Buyers? Share this on WhatsApp After a gloomy summer the prospective buyers, having kept a close watch over the Toronto real estate housing market, now see a ray of hope coming their way in the month of September.
Application activity increases on a slight decline in rates Ocwen and FIS agree to settle lawsuit over alleged audit abuses DBO Commissioner Owen Names FIS as Independent Auditor for Ocwen Loan Servicing .. The settlement resolved an enforcement action brought by the DBO over Ocwen’s failure for more than a. engagement letter with Ocwen. FIS will have no deadline for submitting a final compliance review, but.Stronger economy boosts mortgage rates: Freddie Mac Freddie Mac thinks the new tax legislation will boost income, quoting the congressional budget office that total salaries are likely to increase by an average of 0.9 percent due to the new law.
Things are looking up for the autumn housing market, with stronger sales and price growth posted throughout the Greater Toronto Area last month. The latest numbers from the Toronto Real Estate Board reveal a total of 7,492 homes sold in October. An increase of 6 per cent, while prices rose 3.5 per cent, to an average of $807,340.
“What do I have to pay to get it?” is a question that some Toronto-area real estate buyers are beginning to ask again. Rick DeClute of Union Brokerage Realty Inc. says that was a common question.