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Nearly half of Ontarians have shifted their moving plans due to high interest rates, according to the results of a new survey.
A group of Silicon Valley billionaires led by former Goldman Sachs Group Inc. trader Jan Sramek have quietly bought up over $800 million worth of Northern California farmland to create a new city from scratch. But their vision of a sustainable utopia is drawing persistent opposition from locals who are fighting to preserve a rural way of life.
A New York appeals court reinstated a series of gag orders barring Donald Trump and his lawyers from publicly commenting about the law clerk for the judge overseeing the state’s civil fraud trial against the former president.
Agents hustling to strike deals for homes in a tough Manhattan market are confronting another major hurdle as lawsuits crop up challenging commission structures.
Mortgage rates in the US dropped for the fifth straight week.
Mar 5, 2019
, BNN Bloomberg
Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.
The average selling price across the Greater Toronto Area rose 1.6 per cent year-over-year in February to $780,397, according to data released by the Toronto Real Estate Board on Tuesday. The price appreciation was even greater when compared to January's average price of $748,328.
TREB said in a release that Toronto’s housing market became tighter in February because new listings fell more sharply (6.2 per cent) than the slowdown in sales. Just over 5,000 homes in the region traded hands in February, marking a 2.4 per cent decline from a year earlier.
“The [Office of the Superintendent of Financial Institutions] mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30-year amortizations for federally insured mortgages," said TREB President Garry Bhaura in a release.
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