Posts Tagged ‘housing market’
Buying Your First Home
Posted by: Sam Reiss in First time home buyers, New Homes and Condos on June 14th, 2010
Head vs. Heart: Considering what you want and what you can afford
So you think you’re ready to buy your first home. This is an exciting time in a person’s life, but the process can be rather intimidating (to say the least).
All About Buying & Selling: A Video Tutorial
Posted by: Sam Reiss in New Home Videos, New Homes and Condos, New home builders, Selling your home on May 25th, 2010
GTA new home sales up 237% from 2009
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news, Real estate market updates on March 25th, 2010
What a difference a year makes!
With 3,148 new homes and condos sold in February 2010, GTA new home sales reached their highest levels since 2006. This marks an incredible 237 percent increase over February 2009 according to RealNet Canada Inc, the Building Industry and Land Development Association’s official source of new home market intelligence.
Home buyers demand smaller, smarter designs
Posted by: Sam Reiss in New home builders, Real estate industry news on February 24th, 2010
The results of Better Homes and Gardens magazine’s Next Home Survey are in, and buyers have spoken.
Prospective new home buyers list energy-efficiency, organization and comfort as their top priorities in considering their next move. Demand for traditional McMansions appears to be waning as more and more people come to value intelligent design over wow factor.
“We continue to see a ‘cents and sensibilities’ approach when it comes to buying or improving a home, said Eliot Nusbaum, Better Homes and Gardens’ executive editor for home design. “Today’s homeowner is also looking for a home that fits the entire family—from a multi-tasking home office, to expanded storage space, to a living room that can adapt to advancements in home entertainment and technology.”
Builders working to reduce impact of HST on new home buyers
Posted by: Sam Reiss 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.
Canada home prices may rise 10 per cent in 2010: report
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on December 2nd, 2009
Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday.
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.
August new home sales up 62 per cent
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on September 22nd, 2009
CNW-Sales of new high-rise condominium suites stabilized in August while sales of new low-rise (single-detached, semi-detached and town-homes) homes spiked by a dramatic 163 per cent, resulting in a 62 per cent increase in total new home sales, August over August, the Building Industry & Land Development Association (BILD) revealed today.
According to RealNet Canada Inc., there were 3,074 new homes and condos sold in the Greater Toronto Area in August, 2009. Monthly high-rise sales were up for the first time this year, albeit very modestly, while low-rise unit sales continued on the exceedingly hot pace of the last several months.
