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Mandeep Toor's blog
10 Apr 2021
6 Things You Think Add Value to Your Home But Don't.
Looking to sell? Don't spend money on these improvements.
TABLE OF CONTENTS
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1. Swimming Pool
09 Apr 2021
What Is a Pocket Listing?
A pocket listing is any type of real estate listing that is retained by a listing broker or salesperson and not made available to other brokers in the office or to other multiple listing service (MLS) members.1 A pocket listing may also be referred to as an “off-market listing” or “exclusive listing.”
08 Apr 2021
Banking watchdog launches fresh consultation on mortgage stress test.
Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.
04 Apr 2021
What Is the MLS? How a Multiple Listing Service Works.
A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers. Under this arrangement, both the listing and selling broker benefit by consolidating and sharing information, and by sharing commissions.
25 Mar 2021
Bank of Canada Maintains Current Interest Rate: Expected To Remain On Hold Until 2023
BY CREA ECONOMISTS
In a scheduled announcement on January 20, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25% and signaled it will continue to keep rates low until economic slack is absorbed and inflation is back to its 2% target.
19 Mar 2021
Canada’s Housing Bubble Is Getting Way Worse, And Young People Are Screwed.
Experts warn that overall wealth inequality is only going to worsen without real interventions to cool housing prices.
18 Mar 2021
Annual pace of inflation edges up to 1.1% in February. Gas prices drove the increase
Jordan Press, The Canadian Press
The country’s annual inflation rate hit a pandemic-era high of 1.1% last month, driven by a rise in gasoline prices that suggests an economic recovery is on the horizon.
17 Mar 2021
Is An “Affordability Crisis” Looming Over the GTA Housing Market?
While the Greater Toronto Area (GTA) housing market may have weathered the initial COVID-19 storm, it’s far from over, as the region must now overcome its next pandemic-induced obstacle: housing affordability.
15 Mar 2021
The Housing Boom That Never Ends Already Wiped Out All the Short-Sellers
(Bloomberg) -- In December, Aaron Moore bought an unremarkable three-bedroom house in the Toronto suburb of Brampton and, after throwing on a fresh coat of paint and laying down new hardwood floors, put it right back on the market.
In March, he found a buyer. The price tag: C$810,000 (about $649,000), a stunning 28% more than he had just paid.
13 Mar 2021
