Todor  Todorov

Todor Todorov

Broker

Right at Home Realty Inc., Brokerage*

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Todor Todorov's blog

Poor construction by Mattamy

Thats why I always recomend to buy resale home.You can see the horible construction by the biggest builder in GTA!

http://globalnews.ca/news/3500224/mattamy-homeowners-furious-with-builder/    

So there were foreign buyers after all in GTA!

After months of denying the effect of the foreign buyers on the GTA housing market, the Toronto Real Estate Board says home sales in the Greater Toronto Area plunged last month by 20.3 per cent as prices continued to climb.

The board says the average selling price for all properties in May was $863,910, an increase of 14.9 per cent from the same month last year.

Sales of detached homes, which had an average selling price of $1,141,041, fell by 26.3 per cent in the GTA.

New trends in the GTA housing market

These days, the conversations about Toronto’s real estate market often include the word “remorse".

Some buyers who bought a property as recently as March and April are agonizing over whether they purchased at the peak of a market that has started a downward slide.

The most panicked buyers are trying to back out of deals, real estate agents say, while also pointing out that an agreement to purchase is legally binding. Those buyers may not be able to simply forfeit the deposit and walk away. If they try, the seller may pursue legal action.

News about housing market

Latest news regarding GTA,Mississauga and Oakville Real Estate.

CMHC

http://www.canadianrealestatemagazine.ca/market-update/cmhc-sees-sharp-fall-in-insured-mortgages-226143.aspx

Real Estate Article

https://www.thestar.com/life/homes/2017/05/30/real-estate-not-only-more-expensive-but-also-more-complex.html

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