Ontario Real Estate Trends 2016 – Survey conducted by OREA

Residential real estate markets are stronger now than they were a year ago, said 40 per cent of Ontarians about their respective cities, up from 33 per cent last year, according to the Ontario Home Ownership Index, a semi-annual survey by the Ontario Real Estate Association (OREA). Looking ahead to the next year, four-in-ten (38%) Ontarians say their city’s real estate market will be stronger (up 2 points). Optimism for the year ahead is … [Read more...]

REALTOR.ca adds personal accounts – more features and security

REALTOR.ca introduced one of its most significant features: REALTOR.ca accounts. Also included in this release is a security change making REALTOR.ca safer for all users. As of December 3, all of REALTOR.ca is behind a Secure Socket Layer (SSL) which will encrypt and protect all user data through property and REALTOR® searches as well as the new accounts feature. REALTOR.ca account benefits include: Access your Favourites from … [Read more...]

Virtual realty: Can 3-D tours sell condos?

Strolling through a three-storey townhouse in the heart of Leslieville, prospective homebuyers take in the chic, toned-down decor. The high ceilings and lights embedded in the staircase wall stand out against the understated finishes, which catch subtler eyes. Of course, the development doesn’t exist — not yet — but to human senses, paired with 3-D technology, it may as well. Virtual reality is starting to crack the Toronto real … [Read more...]

Common home-buying closing costs you should know about

I’m buying a new home and I want to make a budget. What closing costs should I know about? November is Financial Literacy Month in Canada, so it’s a great time to make sure you understand the costs involved with buying a home. You’ll encounter three categories of expenses: pre-closing costs, closing costs and after-closing costs. A home inspection isn’t mandatory, but it’s money well-spent in the pre-closing phase. Getting a … [Read more...]