| | MARKET WATCH Low-Rise Home Types Drive June Price Growth July 5, 2012 -- Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. Sales in the rest of the Toronto Real Estate Board (TREB) market area were comparable to a year ago. Read more... Melanie Aitken to quit during TREB tribunal hearing Competition Commissioner Melanie Aitken announced today that she will resign on Sept. 21. She will be leaving in the middle of the evidentiary portion of the long-awaited Competition Tribunal hearing between the Competition Bureau and the Toronto Real Estate Board, which begins Sept. 10.
Aitken was appointed in 2009 for a five-year term. No reason was given for her resignation. Read more... Ottawa tightens mortgage rules: What the analysts say The federal government is taking another stab at getting Canadians to rein in their borrowing and spending, introducing new mortgage restrictions Thursday to cool the housing market.
The tighter rules, which include lowering the maximum amortization period on mortgages to 25 years from 30 years, lowering the maximum amount of refinancing to 80% from 85%, capping the maximum debt ratios for households and limiting government insurance to mortgages on homes with a purchase price of less than $1-million, will come into effect on July 9.
Read more... | | | Asif Khan As a sales representative with Re/Max All-Star Realty Inc. Brokerage since 2005, Khan works and plays in the town he's lived in for over 30 years. As a father of 3, Khan is very active within the community. A member on the parent council committee at Unionville Meadows, he organizes fundraising. Khan also donates a portion from each sale to The Children's Miracle Network. Read more... | | | | | |
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Posted via email from Markham Real Estate Today with Asif Khan
It's hard to believe that it has been 10 years since Unionville Meadows Public School first opened it's doors. And what a great...
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