Todor Todorov's blog
Oakville-one of the best places to live!
Another confirmation that Oakville was and is the best small town in GTA!
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $11,950,000. The equity will be used to acquire serviced lots located in Oakville, Ontario on standard builder’s terms. Together with its developer partner, Treasure Hill, the firm will develop the land into a residential community consisting of 83 single-detached homes.
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