First Toronto Mortgage

03/04/2020

The effects of the Coronavirus are real!

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.

11/05/2019

https://business.financialpost.com/real-estate/toronto-home-prices-jump-the-most-since-2017?fbclid=IwAR3Bgr0PIfb2xm2S-0B9eLR_oXs45G7Nhd5NdyK2L5QMqvcLJMPV96Qn43A

Sales jumped 14%, with detached and townhouses leading the biggest gains

10/17/2019

Looking for information on the First Time Home Buyer Incentive?

Canada’s National Housing Strategy is a 10-year, $40-billion plan to strengthen communities and cut chronic homelessness in half. The ambitious strategy will remove 530,000 families from core housing need and completely change the face of housing in Canada.

06/05/2019

Just released...New promo rate of 2.69% 5-year fixed!

04/04/2019

It doesn't get much more balanced than this. Average sales price and number of sales pretty much even versus last year.

03/29/2019

Mortgage rates keep getting lower and lower! Right now you can get as low as 2.94% 5-year fixed!

www.FirstTorontoMortgage.com

03/05/2019

The soft landing has arrived. In February 2019, average sales price was up 2% and the number of sales down by 2% in the GTA. Finally we have stability.

02/08/2019

Greater Toronto Area REALTORS reported 4,009 home sales through TREB's MLS in January 2019 – up by 0.6 percent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018.

The most promising number is the increase in new listings, new listings in January 2019 were up by 10.5 percent compared to January 2018.

01/09/2019

Prices fairly stable for 2018. Number of sales (demand) and number of listings (supply) all down. Did Toronto have a soft landing?

12/06/2018

Prices up in November 2018 (vs November 2017). Number of sales down by almost 15%, but number of new listings down even more. The net effect is a lower supply of listings versus demand from buyers, which will continue to increase prices.

11/06/2018

Number of sales up 6% and average sales price up 3.5% (vs October 2017) in the GTA.

11/06/2018

3.33% GIC rate for a 3 month term...pretty good deal.

EQ Bank Guaranteed Investment Certificates (GICs) come with high rates that are yours to keep. Plus, you'll grow your savings faster with our special terms. See how you can get your money working harder with secure protection on your deposits with CDIC eligibility.