Housing market remains vulnerable
Bloated debts and rising interest rates
threaten to force a growing number of families to cut back and prompt
Ottawa to intervene again to cool down the mortgage market.
Canadians have spent the past year rushing into a housing market fuelled
by low mortgage rates, despite prices many could not afford if rates
were to rise to more historically normal levels. About 375,000
homeowners are already being forced to cut spending in other areas,
despite ultra low rates, the Canadian Association of Mortgage
Professionals said in a recent report. A further 475,000 would find
themselves in the same position if rates were to climb to 5.25 per cent.
The rebound in the housing market has been key to Canada's recovery from
the recession. But it has left some facing a toxic combination of hefty
debts and rising interest rates as the Bank of Canada pulls back from
the emergency low rates used to juice the economy back to life.
For the full article, click here.
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Nuit Blanche Returns: Saturday, October 2
Nuit Blanche returns on Saturday, October 2, from 6:57pm to sunrise.
West Queen West, always a hub of activity during this event, falls into Zone C. Zone C is huge - running from Spadina to Lansdowne and Bloor to the Lake.
There are 62 different exhibitions including several city-produced projects.
Click here for more.
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Cinq-á-Sept (5á7) in Liberty Village
From 5pm to 7pm on weekdays, certain select businesses of Liberty
Village will offer interesting and tasty specials - now doesn't that
sound better than sitting in rush hour congestion!
Businesses taking part include the Academy of Spherical Arts, Brazenhead Pub, Liberty Bistro and Mildred's Temple Kitchen.
Click here for more
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Market News
Greater Toronto REALTORS® reported
2,623 sales through the Multiple Listing Service® (MLS®) during the first two
weeks of September 2010. This represented a 22 per cent decrease compared to
the 3,361 sales recorded during the same period in 2009. Year-to-date sales
amounted to 65,455, representing a six per cent increase compared to 2009.
"Sales remain below the record pace we
experienced in the second half of 2009. The prospect of higher interest rates
and new mortgage lending guidelines resulted in higher than normal sales in the
first few months of the year. To balance this out, the pace of sales has slowed
in the second half," said Toronto Real Estate Board President Bill Johnston.
"It is important to note that year-to-date
sales remain above the number reported
through the same period last year,"
added Johnston.
Click here for the full article
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DNA3 Units Released!
ONLY ONE WEEK REMAINING
Priority access to DNA3 at King and Shaw comes to a close
in one week when the Sales Center opens to the general public. 5th floor
terraced units and the 11th and 12th floors have just been released. Call us
today at 416 947 0777 for an appointment to view this amazing Canderel Stoneridge project. |
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For Sale: 3 Bedroom Home near Queen/Ossington
5 Rebecca Street
 Trendy Ossington/ Queen/ Art Gallery District. Walk To Trinity Bellwoods
Park, Ossington Eateries & Queen Clubs/Drake Hotel. Attractive Urban
Home, Bright And Spacious, High Ceilings, Hardwood Floors & Eat-In
Kitchen Has A Walk-Out To A Private Courtyard. Open House Saturday September 18th and Sunday September 19th from 2-4!Click here for the full listing |
For Sale: Opportunity to Build Your Dream Home
70 North Park Dr
 Rare Opportunity, No Sales On This Street Since Sept 07. Prime Ravine
Lot To Build A Dream Home. Over 1/2 Acre. Many Custom Built Homes In The
Area. Existing Bungalow Is In Fair Condition. Mainly Land Value. Click here for the full listing |
For Lease: Storefront on vibrant Dundas West
1442 Dundas Street West
 Prime Dundas West Location. 30 Foot Frontage, 2400 Sq.Ft. Retail(9-10'
Ceilings) Plus 600 Sq.Ft. Basement Storage (12'Ceilings). Laneway
Parking And Back Door Entry. 2 Pc Washroom Is Wheelchair Accessible.
Small Office, Shelving, Counterspace, Slat Walls. Suitable For Many
Uses. Click here for the full listing |
Sold! Wallace Brownstone!
Our Buyer has purchased a townhome for $335,000.
Brownstones on Wallace are a collection of 134 townhomes
offering residents efficient space planning and cosmopolitan design features.
Each home has prefinished oak floors, designer kitchens with granite
countertops and 6 appliances. Homes have many windows and a patio or roof top
deck. Occupancy beginning September 2010.
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Rental Corner: Rented!
231 Fort York Blvd. #2804
Our client leased this condo!
Fantastic Atlantis Condominium. Stunning 2 Bed Penthouse Unit
Overlooking Cne & Lake Ontario. Ph Unit. 9' Ceilings. Flr To
Ceiling Windows. 24 Hr Security. Roof Top Terrace W/Bbq Area. Large
Indoor Pool. Exercise Room. Conference Room. Party Room. 1 Parking
& Locker Included.
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Urbanlife 2.0
 Urbanlife Realty has joined the social media revolution!
You can now follow us on Facebook and Twitter, where we'll be posting up-to-date information on the housing market, mortgage rates and happenings in West Queen West, Liberty Village and King West!
Click here for our twitter feed
Click here for our Facebook fan page
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