A year in review of the market in November 2015 to November 2016
Ontario Real Estate Board Market in Review from November 2015 to November 2016
The Ontario real estate market remained strong in 2016, set new sales records, and continued to be a seller’s market. Ontario residential unit sales in November numbered 17,796 up 12.6% from a year ago. And, the provincial house price was $571,696 rising 21.2% from a year earlier. The number of newly listed homes was 21,440, a slight change compared to the same time a year ago where there were 21,131 new listings.
Ontario Real Estate Board August Residential Sales Highlights
Residential sales up 17.2% in August 2016 compared to a year earlier.
New listings in Ontario numbered 28,562 units in August 2016, a decrease of 3.2% compared to last year.
The provincial average price of homes in August 2016 rose 16.2% compared to a year earlier.
There were just 2.1 months of inventory at the end of August 2016.
Whitby and Durham Home Preparations for Winter
The days are getting noticeably shorter, and maybe there's a nip in the air - fall is definitely on its way. Now is the perfect time to get your home in shape before winter rolls in, while the weather is still pleasant enough for spending time outdoors.
Government Announces New Mortgage Regulations Making it Harder to Qualify
Government Announces New Mortgage Regulations Making it Harder to Qualify (Effective Oct. 17th) Starting October 17th all insured mortgages must undergo a "stress test" that ensures a borrower's ability to make their mortgage payments at a higher interest rate.
Residential sales activity reported through the MLS® Systems of real estate Boards and Associations in Ontario numbered 22,613 units in July 2016, an increase of 1.1 per cent from a year earlier. This was the highest July sales figure on record.
Water damage can result from many different causes: storms, flooding, broken water pipes and lines, leaking washing machines, and more. This can lead to mold and odor problems, and worse. If left unmitigated, water damage can eventually cause structural damage, which can entail significant costs to repair and can even affect a home's value.
Various Types of Smoke Alarms for Your Home as Recommended by Mayne Home Inspection
Choosing the Best Type of Smoke Alarm
The purpose of a smoke alarm is to detect minute particles in the air and to make a loud noise when particles are present. There are currently three kinds of detectors on the market: ionization detectors, photoelectric detectors, and combinations of both.
Carbon monoxide (CO) is an odorless, colorless gas produced by the combustion of fuels such as natural gas, oil, and propane in devices such as furnaces, water heaters, and stoves. These items are normally designed to vent the CO to the outside, but harmful interior levels of CO can result from incomplete combustion of fuel, improper installation, or blockages, leaks or cracks in the venting systems.
There has been a lot in the news in the past few years concerning mould in our homes and what to do about it, particularly with the summer floods in Toronto and Alberta. As a result, we have become better educated about mould's impact on our health and property value. In fact, within the next few months Lighthouse Home Inspectors will be unveiling its program that will allow inspectors to test homes not only for the presence of visible and airborne mould but be able to identify how much and where it exists so your clients can better deal with the problem.
Sutton Group-Heritage Realty Inc., Brokerage Listings for Houses and Condos in Durham and York Regions
Click on this link Access to Sutton Group-Heritage Listingsto view all listings for Sutton Group-Heritage, Realty Inc., Brokerage. You will also have the ability to enter specific features like 'Detached Condominium Townhouse Linked Number of Bedrooms Property Type', to narrow your Search.
Realtor Consultation Required To Cover Hidden Costs with Buying or Selling Houses
We consult with our clients to help make their buying process as easy as possible by providing information regarding the hidden costs of buying a home.
Hidden costs need to be reviewed with every client. They apply to the real estate and mortgage industries as well. The issue of hidden costs is important to all buyers.