Curtis Rush of the Toronto Star is reporting that resale housing activity is slowing down across the Greater Toronto Area.
John Pasalis (a Prudential agent in Toronto) also provied a copy of the Toronto Real Estate Board's press release.
Read Garth Turner's article entitled, Condo Crack.
Is there any good news to be found? Well, Re/Max offers the following food for thought. Seems that longer ammortization periods and other lending and housing alternatives are keeping this 'soft market' afloat.
I would be really interested to know what US Realtors have to say about their housing slump and if they see Canada heading the same way with the advent of 40 and 50 yr ammortizations. Thoughts anyone????
Hamid Azizi of HomeLife Arianna has developed a new site that he hopes will become the "Google" of real estate. Check it out at www.ResaleMLS.com.
Buyer soaked with vendor's final water bill. You're kidding?!?! Bob Aaron reports.
And the final word goes to Stan Albert - manager with Re/Max in Woodbridge, ON.
So, some good news sprinkled with bad news. Or is it the other way around? And is change really a bad thing?
Karim Kanji
www.RealCashCanada.com
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- Karim Kanji
- Thanks for stopping by my little piece of digital real estate. This blog has undergone a variety of changes over the months and years. We started by highlighting inspirational people and stories. I've also been known to write about books and events I've attended. 2010 will be the beginning of a new era at KarimKanji.com. Our goal in 2010, and for the foreseeable future will be to offer helpful tips. Whether it be on how to properly market your product or company, use social media tools or how to be a cooler dad, this blog will aim to be, above all things, helpful. I hope you enjoy! kk
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