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Before the days of bidding wars and bully offers, the real estate market used to be cyclical and fairly predictable. There was a spring market, which was typically the busiest time of year, and there was a fall market, where the action typically picked up following a quiet summer. However, …
Read More »Mississauga police charge real estate agent with sexual assault, more victims possible – Toronto
Descrease article font size Increase article font size Police in Mississauga have charged a real estate agent with sexual assault and fear there could be more victims. Peel Regional Police said a man met someone as part of a real estate meeting around Hurontario Street and Eglinton Avenue West in …
Read More »Housing market showing signs of tightening: Toronto real estate board – Toronto
Toronto’s housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday. April’s average price tumbled 7.8 per cent to $1,153,269, but was roughly four …
Read More »Real estate agents caught on hidden camera facilitating mortgage fraud for a fee
As interest rates rise, qualifying for a mortgage is getting harder for buyers, but that isn’t stopping some real estate agents from making a sale. An undercover investigation by CBC Marketplace has exposed some networks of real estate agents, mortgage brokers and bank employees facilitating mortgage fraud for a fee. …
Read More »Documents at Trump estate ‘likely concealed and removed’ after June visit: Justice Department
The U.S. Justice Department said late Tuesday that classified documents were “likely concealed and removed” from former President Donald Trump’s Mar-a-Lago estate as part of an effort to obstruct the federal investigation into the discovery of the government records. The FBI also seized 33 boxes containing more than 100 classified …
Read More »Is a GTA real estate deal that sounds like paradise too good to be true?
A million dollar-plus home in the Greater Toronto Area’s hot real estate market for only $700,000. A five per cent down payment. A 30-year mortgage at a 2.75 per cent interest rate. Those were the appealing terms of a real estate deal that local realtor Horace Dockery said has been …
Read More »Estate of N.S. mass shooter in limbo as lawsuits continue
More than two years after he went on a deadly rampage killing 22 people, the estate of Gabriel Wortman remains tied up in litigation and under the control of the public trustee. An inventory filed in December 2020 valued the estate at more than $2.1 million. That included $120,000 that …
Read More »Vancouver real estate marketer to vacate historic Chinatown building, make way for Chinese Canadian Museum
Vancouver real estate marketer and art collector Bob Rennie will be vacating his office in the oldest building in Chinatown to make way for a new Chinese Canadian museum. The Chinese Canadian Museum, scheduled to open next summer, will be located in the Wing Sang Building on 51 East Pender St. — currently home to …
Read More »Pace of real estate slump quickens; sales and average prices down from last year
Canada’s housing market continued its slowdown last month, with the average selling price of a home touching $665,850 — a decline of almost 20 per cent since February. The Canadian Real Estate Association (CREA), which represents more than 100,000 brokers, agents and salespeople across the country, said Friday that the volume …
Read More »Suburban real estate vulnerable if demand shifts post-pandemic, Bank of Canada warns
The gap between downtown real estate and houses in the suburbs narrowed significantly during the COVID-19 pandemic, a development that may make markets outside big cities even more vulnerable to a slowdown. That’s one of the main takeaways from a recently released analysis by the Bank of Canada that looked at …
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