Bank of Canada Holds Key Rate Steady
The Bank of Canada announced this morning that it will leave its key interest rate unchanged. The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation.
In its statement the Bank noted that in Canada, "stimulative monetary and fiscal policies, improved financial conditions, firmer commodity prices, and a rebound in business and consumer confidence are spurring domestic demand growth. However, the higher Canadian dollar, as well as ongoing restructuring in key industrial sectors, is significantly moderating the pace of overall growth."
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.
Forest Hill Real Estate Inc, Brokerage
(416) 488-2875
When getting a mortgage - or when reviewing your current mortgage strategy - it is helpful to begin thinking about the mortgage options with which you would feel most comfortable. By having an understanding of your priorities and preferences, the mortgage process will become more efficient and your satisfaction over the term of your mortgage is likely to increase.
Here are some questions that you should consider and discuss with any fellow purchasers. Although this is not an exhaustive list, it provides a good start.
1. Is some fluctuation in payments acceptable?
2. Do I want the comfort of knowing what my payment is every month and of knowing it will not change for the whole mortgage term?
3. Do I want the lowest payment possible?
4. Do I want to pay down my mortgage as soon as possible?
5. How much down payment am I comfortable with, while not putting myself and my family into financial difficulty?
6. Are there any credit issues about which I will need to provide documentation?
There are numerous other considerations that your mortgage professional will discuss with you, depending on your situation. Your mortgage specialist has access to an impressive array of mortgage choices, and can offer expert advice on which mortgage best suits your individual circumstances. For knowledgeable advice throughout the mortgage process, a mortgage specialist.
Ensure your clients are pre-approved, it will save you time and them money! Rate holds up to 120 days.
Written by Romana Bozic www.410lend.com
Romana would be happy to provide expert, unbiased mortgage advice to first time homebuyers as well as those looking to renew or refinance their mortgage, purchase investment properties or consolidate debts.
Romana has helped many of my clients and I highly reccomend her.
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.
Forest Hill Real Estate Inc, Brokerage
(416) 488-2875
The dollar value of homes sold in the past week in the East is up approximately 4%, the North is 1% and the Central area is up 5% and the West is up 2% over the week ending June 25. The average price of all homes has increased approximately 1%.
The numbers of homes sold have increased in the East 4%, West up 1%, Central down 1% and North is up 3%. The increase in total 1%.
| July 9, 2009 | |||
|
Region |
Area Sales |
Av. Price |
|
|
East |
518 |
$309,115 |
+4% |
|
West |
918 |
$375,980 |
+2% |
|
Central |
431 |
$519,194 |
+5% |
|
North |
531 |
$437,857 |
+1% |
|
Total |
2,398 |
$400,978 |
NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.
Forest Hill Real Estate Inc, Brokerage
(416) 488-2875SELLERS IN TORONTO NEIGHBOURHOODS
GTA Resale Housing Market Posts Best June on Record TORONTO, July 6, 2009 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.1 "The record result in June is testament to the fundamentally sound housing market in the GTA," said the Toronto Real Estate Board's newly appointed President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region's affordable and diverse resale housing market." The average price for June transactions was $403,972 - up by two per cent compared to the same month last year. "The re-emergence of seller's market conditions has exerted upward pressure on home prices," explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing." June 2009 Sales Average Price
2009 City of Toronto ("416") 4,362 $441,703 2008 City of Toronto (416) 3,481 $433,082 2009 Rest of GTA ("905") 6,593 $379,008 2008 Rest of GTA ("905") 5,119 $370,559 2009 GTA 10,955 $403,972 2008 GTA 8,600 $395,866 ********************************************************************************** I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas. Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.
SELLERS IN TORONTO NEIGHBOURHOODSDiane Plant,Broker
BUYERS IN TORONTO NEIGHBOURHOODS
Forest Hill Real Estate, Brokerage
(416) 488-2875
Website
The dollar value of homes sold in the past week in the East is up approximately 2%, the North is the same and the Central area is up 4%% and the West is down 3% over the week ending June 11. The average price of all homes has decreased approximately 1%.
The numbers of homes sold have decreased in the East 1%, West up down 2%, Central no change and North down 4%. The decrease in total 3%.
| June 25, 2009 | |||
|
Region |
Area Sales |
Av. Price |
|
|
East |
500 |
$323,014 |
+2% |
|
West |
911 |
$370,032 |
-3% |
|
Central |
436 |
$496,461 |
+4% |
|
North |
516 |
$433,165 |
0% |
|
Total |
2,365 |
$398,228 |
NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.
Toronto's Harbour Front Board Walk
SELLERS IN TORONTO NEIGHBOURHOODS
I am an award winning Real Estate Broker in Toronto, Ontario Canada for over 21 years. I sell all over Greater Toronto with my son Jeremy. Representing buyers and sellers. "PLANTING ROOTS"
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