Posts Tagged ‘first-time buyers’
Go mad for Midnite Madness event
Posted by: soconnor in Builder events, First time home buyers, New Homes and Condos, New home builders on February 22nd, 2010
Builders working to reduce impact of HST on new home buyers
Posted by: soconnor in Finance & insurance, First time home buyers, New Homes and Condos, New home builders, Real estate industry news, Real estate market updates on February 19th, 2010
The controversial new HST rules have been causing quite a stir as their July 1, 2010 implementation date approaches, and nowhere is this more evident than in the realm of the biggest of big purchases, new home sales.
The good news for most Ontario homebuyers is that because of the way the tax is structured, there will be no significant increase in cost for new homes that are priced below $400,000.
Genworth launches new video series designed to help educate homebuyers
Posted by: editors note in First time home buyers, Genworth Financial advice on November 19th, 2009
Genworth Mortgage Insurance Company Canada (”Genworth Financial Canada”) introduces a new video series designed to educate homebuyers about the buying process and how to achieve homeownership sooner.
New home sales up 113 per cent in September
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on October 23rd, 2009
New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today.
There were 3,883 new homes and condos sold in the GTA in September, according to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence.
Canadians remain passionate about homeownership, Genworth
Posted by: editors note in First time home buyers, Genworth Financial advice, Real estate industry news on October 22nd, 2009
The desire for homeownership is alive and well in Canada, with many Canadians willing to go to great lengths for it. According to the Genworth Mortgage Insurance Company Canada (”Genworth Financial Canada”) First-Time Homebuyer’s Monitor released today, 68 per cent of renters said they would be willing to delay major purchases and more than half would give up vacations in order to own their own home.
AFFORDABILITY AND JOB SECURITY MOST IMPORTANT FACTORS FOR FIRST-TIME HOMEBUYERS
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates, Resale homes on October 5th, 2009
Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market, according to a report released by Royal LePage Real Estate Services.
Eighty-six per cent of potential first-time buyers say low interest rates make them more likely to purchase a home; 81 per cent cite lower housing prices as a motivating factor; while 76 per cent cite job security and 64 per cent say a stable economy is an important factor in their decision to buy.
Arista Homes launches new semis – sold out in 5 hours!
Posted by: pmdesign in Arista Homes, New Homes and Condos on September 22nd, 2009
Markham, September 12/09: Arista Homes announced this week that their new release of 48 semi-detached homes released on Saturday, Sept 12th sold out in under 5 hours.
Arista attributes the quick sell-out to great pricing and a highly desirable location.
This is good news for the hundreds of existing homeowners in the community: they’ve made a great investment in one of the GTA’s best neighbourhoods.
How to buy a new home!
Posted by: admin in Arista Homes, First time home buyers on August 12th, 2009
Is your income at risk? Your home doesn’t have to be
Posted by: editors note in Finance & insurance, First time home buyers, Genworth Financial advice, Mortgage questions, New Homes and Condos, Real estate industry news on August 6th, 2009
When life delivers an unexpected blow – like a serious illness, a marital separation or loss of employment – it can be difficult to stay on track. Sometimes, it can even put your ability to make your mortgage payments at serious risk.
Arista Homes launches semi’s perfect for first timers – register today
Posted by: pmdesign in Arista Homes, First time home buyers, New Homes and Condos, New home opening on July 29th, 2009
Markham, ON – July 27/09
Arista Homes is now taking pre-registrations for their limited release of semi detached homes at Boxgrove starting at $289,990. This established community is home to a collection of large detached homes as well, and features parks, playgrounds and shopping / living amenities and is close to the 407, 404 and downtown Markham.
The price and great location will make this release sell out fast. Pre-register to ensure you get a preview opportunity to see our new homes, before they’re all gone!
What’s in the area:
Genworth study reveals there’s no place like home
Posted by: editors note in First time home buyers, Genworth Financial advice, Real estate industry news on June 24th, 2009
The housing market may have experienced some ups and downs this year, but the spirits of potential first-time homebuyers across Canada remain strong. According to Genworth Financial Canada’s First-Time Homebuyer’s Monitor released today, 84 per cent of those surveyed said that owning a home goes beyond its financial value and feel that homeownership pays off in more ways than one.
GTA Resale Housing Sales Up 19 Per Cent in the First Half of June
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates, Resale homes, Selling your home on June 19th, 2009
Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year.
“Households in the GTA have become more confident in purchasing a home over the past three months,” said TREB President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role.”
The average price for MLS® sales was $407,716, up by two per cent compared to last year.
Gen X to flex new purchasing muscle in recreational property markets across Canada, says RE/MAX
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on June 12th, 2009
Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX.
INCOMING ACMO BOARD ANNOUNCES NEW INITIATIVES
Posted by: editors note in Real estate industry news on June 12th, 2009
The Association of Condominium Managers of Ontario (ACMO) is pleased to announce the Board of Directors for 2009/2010.
Chris Antipas, Vice President of ICC Property Management was elected President of the Board with Dean McCabe (Brookfield Residential Services) elected to the position of Vice President.
Two Thirds (65%) of Ontario Homeowners Oppose McGuinty Government Proposed Mandatory Home Energy Audit Program
Posted by: editors note in First time home buyers, Real estate industry news, Resale homes, Tips for Green Living on May 28th, 2009
A poll released today by the Ontario Real Estate Association (OREA) indicates that two-thirds (65%) of Ontario’s principal residence homeowners oppose the recently proposed McGuinty government mandatory home energy audit program and instead overwhelmingly favor voluntary audits (92%).
Moreover, the poll found that 70 per cent of Ontario homeowner’s think
that mandatory home energy audits will deter homeowners from selling their home, having a detrimental effect on the real estate sector and the Ontario economy.
Housing activity will moderate in 2009, improve in 2010
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on May 28th, 2009
Housing starts are expected to decline to 141,900 for 2009, but increase to 150,300 for 2010, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition(*) report.
HST squeezes middle-class homebuyers, hits GTA hardest, new report finds
Posted by: editors note in Finance & insurance, First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on May 5th, 2009
Greater Toronto Area homebuyers will absorb an exorbitant share of the whopping $800 million tax increase on new homebuyers across the province under the Provincial government’s harmonized sales tax (HST), which could threaten up to 21,200 jobs, a new report released by the Building Industry & Land Development Association (BILD) revealed today.
The report, titled “Big Hit on GTA Middle-Class Homebuyers with the Ontario Budget’s HST Proposals,” reveals that GTA new homebuyers will absorb $575 million or nearly three quarters (72%) of the $800 million tax increase while accounting for less than half (45%) of new home sales in Ontario.
First quarter new home sales down 62 per cent
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on April 21st, 2009
New home sales in the Greater Toronto Area were down 55 per cent in March, compared with March 2008, contributing to a 62 per cent decline in first quarter new home sales, Stephen Dupuis, President and CEO of the Building Industry and Land Development Association (BILD) revealed
today.
According to RealNet Canada Inc., there were 1,457 new homes and condos
sold in March versus 3,203 last March. The 55 per cent decrease was driven by a dramatic fall-off in high-rise condominium sales which were down 77 per cent from last March. Low-rise sales (single-detached, semi-detached and townhomes) fared better, relatively speaking, declining 27 per cent from March, 2008
First-time buyers driving force in Canada’s residential real estate markets, says RE/MAX
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates, Resale homes, Selling your home on March 12th, 2009
A report released today by RE/MAX confirms that entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada.
The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying
activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into the market. While a sense of caution still prevails, more and more first-timers are finding it hard to pass up the chance to become homeowners in today’s buyer-centric real estate climate.