Very Clever Real Estate Investments In The GTA

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April results brings some sort of good news for Toronto real estate

Number of real estate sales down by 2% in April 2013 (compared to April 2012), but the average sales prices is up by 2% (average sales price in the GTA is $526k for a property). The decrease of 2% in the number of sales is an improvement compared to prior months however. Perhaps the real estate market will rebound for the Spring - Summer seasons.

Great News For GTA Rentals!

Baby boomers rejoice.

All those twenty-something echo “kids” who have been living at home in the wake of the 2008 recession seem to be finally moving out of their childhood bedrooms and into the real world now that job prospects are looking brighter.

Only problem is, they are fuelling some of the most intense demand for rental accommodation seen in Toronto in the last 20 years.

“Huge pent-up demand” among 25- to 30-year-olds, combined with more people opting to rent rather than buy since the condo market started softening last summer, is putting significant pressure on Toronto’s rental market, says Canada Mortgage and Housing Corporation market analyst Shaun Hildebrand.

Demand, especially for rentals in brand new downtown condo buildings, has been unrelenting right through the usually quiet winter months and bidding wars have become commonplace as folks like Nicole Shlass, 25, prepare to move out of family homes and into the heart of the city.

Dragon's Den Star Enters The Mortgage Industry

Canada’s most candid business personality has a strong view about what’s wrong with mortgages. It’s so strong that he decided to start his own mortgage company.

On Friday, I spoke with CBC commentator, multi-millionaire, Dragon and Shark, Kevin O’Leary. I asked him what makes his new “O’Leary Mortgages” so unique. He outlined a two-pronged strategy: to add transparency to the mortgage process and to help Canadians pay down their biggest debt faster.

Kevin has been scoping out the mortgage business for almost two years. He was kind enough to share his mortgage philosophy and business plan with CMT in his first interview about O’Leary Mortgages.

Sales Down, Prices Up For February 2013.

The trend continues in Toronto. In February 2013, the number of real estate sales dropped, but the average sales prices increased (compared to February 2012).