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Nothing has meaning except for the meaning you give it.
No thought lives in your head rent-free. Each thought you have will either be an investment or a cost. It will either move you toward happiness and success or away from it. It will either empower you or disempower you. That's why it is imperative you choose your thoughts and beliefs wisely. - T. Harv Eker -

Nada tem significado, exceto o significado que você dá.

Nenhum pensamento vive na sua cabeça de graca. Cada pensamento que você tem será um investimento ou um custo. Ele irá movê-lo para a felicidade e o sucesso ou afasta-lo disso. Ele irá fortalece-lo ou enfraquece-lo.É por isso que é imperativo que você escolha seus pensamentos e crenças com sabedoria. - T. Harv Eker -

Secrets of the Millionaire Mind

Canadian Economy Roars with Better Then Expected News Just Before Labour Day Long Weekend

According to BNN (Business News Network), Canada's performance in the first six months of the year was the strongest since 2002 on a non-annualized basis and has made the country a growth leader among its industrialized peers.
The Real GDP rose 4.5% in the second quarter because of increased Household Spending (Vehicles, Clothing & Foot Wear...) and Exports, particularly Energy Products (Crude Oil and Natural Gas).

For more details on this click the links below:

Financial Post

Statistics Canada

Business Is Dropping Because Mortgages Are Now Harder to Get ...

According to "Financial Post" today, “Volumes decreased largely as a result of the new regulations,” said CMHC, referring to new income tests that have forced consumers with less than a 20 per cent down payment to qualify based on the Bank of Canada five-year posted rate, now 4.84 per cent, as opposed to the lower rate on their contract.

To Read the Full Article, please click below:
New Mortgage Rules Are Shrinking the Size of the Insured Housing Market

July 2017 Real Estate Numbers Are Out. Market Continues to Adjust: Sales Down by 40%, Avg. Selling Price Up by 5%

Toronto Real Estate Board President Tim Syrianos announced today that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017.  This result was down by 40.4% on a year-over-year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.
While sales were down, the number of new listings reported were only slightly (+5.1%) above last year’s level.
“A recent release from the Ontario government confirmed TREB’s own research which found that foreign buyers represented a small proportion of overall home buying activity in the GTA.  Clearly, the year-over-year decline we experienced in July had more to do with psychology, with would-be home buyers on the sidelines waiting to see how market conditions evolve,” said Mr. Syrianos.
“Summer market statistics are often not the best indicators of housing market conditions.  We generally see an uptick in sales following Labour Day, as a greater cross-section of would-be buyers and sellers start to consider listing and/or purchasing a home.  As we move through the fall, we should start to get a better sense of the impacts of the Fair Housing Plan and higher borrowing costs,” said TREB CEO John DiMichele.
The average selling price for all home types combined was up by 5% year-over-year to $746,218.
“Home buyers benefited from more choice in the market this July compared to the same time last year.  This was reflected in home prices and home price growth.  Looking forward, if we do see some would-be home buyers move off the sidelines and back into the market without a similar increase in new listings, we could see some of this newfound choice erode.  The recent changes in the sales and price trends have masked the fact that housing supply remains an issue in the GTA,” said Jason Mercer, TREB’s Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price July 1 - 31, 2017
	2017			2016
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	2,303	759,441	4,499	3,485	690,597	4,859
Rest of GTA ("905")	3,618	737,801	9,672	6,444	721,218	8,623
GTA	5,921	746,218	14,171	9,929	710,471	13,482

Summary of TorontoMLS Sales and Average Price July 1 - 31, 2017
	2017			2016
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	2,303	759,441	4,499	3,485	690,597	4,859
Rest of GTA ("905")	3,618	737,801	9,672	6,444	721,218	8,623
GTA	5,921	746,218	14,171	9,929	710,471	13,482

Real Estate Brokerage Fined $250,000.00 for Mishandling Trust Accounts

Both HomeLife Victory Realty, which filed for bankruptcy in February 2016, and its broker of record, Victor Fishman, have had their real estate registration terminated, according to the Real Estate Council of Ontario (RECO), the industry regulator.
That means they can no longer trade in real estate in Ontario.

For more details click here

11 Michael Power Place Unit 515, Toronto ON

Asking: $464.900.00

SOLD

Large Two Bedroom Suite at Port Royal Place! Spacious Well kept and Upgraded Open Concept Suite with Hardwood Floors in Living and Dining Room. Large Renovated Kitchen with Quartz Counter Tops, Ensuite Bath and Rare Walk In Closet in Master Bedroom. Ensuite Laundry, Open Balcony, Extra Large Locker and 3 Underground Garage Parking Spaces. Short Walk to Islington Subway on Bloor, or TTC on Dundas. 

May Numbers Are Out: Sales Down by 20.3%, Inventory Level Remains Low, All Home Types Avg Selling Price Up by 14.9%

Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.  Sales of detached homes were down by 26.3 per cent.  Sales of condominium apartments were down by 6.4 per cent, announced Larry Cerqua, President of Toronto Real Estate Board on June 5, 2017.

The supply of listings was up strongly over the same period.  Active listings – the number of properties available for sale – at the end of May were up by 42.9 per cent compared to the record low a year earlier.  The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses.  Active listings for condominium apartments were down compared to May 2016.

“Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017.  However, even with the robust increase in active listings, inventory levels remain low.  At the end of May, we had less than two months of inventory.  This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua.

Selling prices continued to increase strongly in May compared to the same month in 2016. The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910.  Year-over-year price increases were greater for condominium apartments compared to low-rise home types.  This likely reflects the fact that the low-rise market segments benefited most from the increase in listings.

“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen.  In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out.  On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we’ve experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB’s Director of Market Analysis.

TREB Market Watch

11 Michael Power Place Unit 515, Toronto ON

Asking: $299,999.00

SOLD

Large One Bedroom Suite At Port Royal Place! Large Master Bedroom with Wall-To-Wall Mirrored Bedroom Closets, 

Kitchen with a

dditional Cabinet & Counter Space, Open Concept Oversized Living & Dining Room, Private Open Balcony Facing a Quiet Courtyard. Ensuite Laundry, Locker and one Underground garage parking space. Great Location! Close To All Amenities, 5 Minutes Walk to Islington Subway, Minutes Drive To Sherway Gardens, Hwy & More! Great Home For First Time Home Buyers! 

Extras:All Appliances: Stove, Dishwasher,Bi Microwave, Fridge, Washer And Dryer, All Electrical Light Fixtures, Window Coverings, Custom Made Closet Organizer, Kitchen Pot Hanger and Wood Tiling On Balcony.

535 Harvie Avenue, Toronto ON

Asking: $820,000.00

SOLD

Fantastic Brick Detached House In Mint Condition on a Lot of 25 x 110 Feet, w/ 3 Bedrooms, 2 Kitchens, 2 Laundries, Tons Of Upgrades: Newer Hardwood on both Floors all thru out, California Shutters, New 3 Pc Washroom w/ Polished Ceramic Tiles on Main Floor, Newer Kitchen, Granite Counters, double sink, Ceramic Backsplash, Pot Lights, Custom Built Cabinets, Overlooking Dining Area. Finished Basement w/ 2 Bedrooms, Laminate Floors, Newer Kitchen w/ Granite Counters, Walk Out To Backyard. Private Drive Accommodates 3 Cars, Short Walk To New Playground.

1693 Copseholm Trail, Mississauga ON

Asking: $949,000.00

SOLD

Fantastic Detached Brick House on Large Pie-Shaped Lot , Backing Onto Green space, Freshly Painted, 4 + 1 Bedrooms, Main Floor Laundry W/ Side Entrance , Huge Skylight, 4 Washrooms, Bay Windows, French Doors, Family Room w/ Wood Burning Fireplace, Kitchen w/ double sink, ceramic floors, ceramic backsplash, Overlooking Backyard, Sliding Door To Backyard Interlock Patio. Finished Basement w/ Pot Lights, Plywood Sub-Floor & Berber Carpets, bedroom w/ Walk-in Closet. Huge Master Br. W/ 5 Piece Ensuite Washroom & W/I Closet. Two Car Garage, Private Drive, Lots of Storage, Minutes To 401, Qew, 427 & 410 Hwys.

March Numbers Are Out: 17.7% Increase in Residential Sales. Detached Homes and Condos Lead the Pack. Great Toronto Area, Average Selling Price up by 33.2%

Today, April 5, 2017 Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017.  This result represented a 17.7% increase compared to the 10,260 sales reported in March 2016.  For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.
The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2% increase compared to March 2016.  The strongest growth in new listings was experienced in the detached market segment.  While new listings were up strongly compared to last year, the rate new listings growth was still lower than the rate of sales growth. As a result, GTA market conditions continued to tighten.
“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market.  Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions.  Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” said Mr. Cerqua.
Strong competition between buyers continued to cause high levels of price growth in all major market segments. For the TREB market area as a whole, the average selling price was up by 33.2%, with similar annual rates of growth in the low-rise and condominium apartment segments.
“Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings.  A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance.  As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” said Jason Mercer, TREB’s Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price  - March 1 - 31, 2017
	2017			2016
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	4,258	899,452	5,740	3,607	699,513	5,503
Rest of GTA ("905")	7,819	925,888	11,311	6,653	681,776	9,292
GTA	12,077	916,567	17,051	10,260	688,011	14,795

TorontoMLS Sales & Average Price  By Home Type -  March 1 - 31, 2017
	Sales			Average Price
	416	905	Total	416	905	Total
Detached	1,215	4,672	5,887	1,561,780	1,124,088	1,214,422
Yr./Yr. % Change	14.3%	21.3%	19.8%	32.8%	34.3%	33.4%
Semi-Detached	334	668	1,002	1,089,605	742,501	858,202
Yr./Yr. % Change	4.4%	0.8%	1.9%	33.3%	34.4%	34.4%
Townhouse	362	1,364	1,726	761,128	690,202	705,078
Yr./Yr. % Change	-8.1%	19.1%	12.2%	22.0%	38.5%	32.9%
Condo Apartment	2,324	937	3,261	550,299	440,950	518,879
Yr./Yr. % Change	29.0%	13.0%	23.9%	32.0%	33.2%	33.1%

TREB Market Watch

Bubble. What bubble? We are in Line with Other World Cities

Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE.
"The market is fairly balanced. It's not being driven by foreign capital. It's being driven by Canadians, moving up, buying for the first time," he told Toronto Star, following a speech at CBRE's annual market forecast event.
"There's great jobs, there's a sense of optimism, there's confidence in the job market and interest rates are low," said Renzoni, who suggested that concerns about foreign speculation in the Toronto housing market are overblown.
In February, Toronto Real Estate Board released a research showing fewer than 5 per cent of the 113,133 residential real estate transactions in the Toronto region last year (2016) involved foreign buyers.

Click the Link for Full Article:
Toronto's Home Prices in Line with Other World Cities

Toronto House Prices Expected to Climb 25% in 2017

According to this article published by Blogto.com, Economists don't see the red hot real estate market cooling off anytime soon. After initially estimating a jump of 10 to 15 per cent in Toronto house prices over 2017, TD Economics now puts that number at 20 to 25 per cent.

The updated figures follow a sizzling start to the year that's witnessed 22 and 28 per cent increases in January and February respectively.

Full Article: Toronto House Prices Expected to Climb 25% this year

February Sales Up by 5.7%, Number of Potential Buyers is Up, New Listings is Down, Prices Will Continue to Grow Strong

Toronto Real Estate Board President Larry Cerqua announced today, March 3rd, 2017, that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017.  This result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.

According to the recent Ipsos survey of intending GTA home buyers, first-time buyers will continue to account for much of the demand for ownership housing in Toronto and the surrounding regions.  For the GTA as a whole, 53 per cent of likely buyers indicated that they would be first-timers – up from 49 per cent a year earlier.  First-time buying intentions were highest in the City of Toronto, where 64 per cent of likely home purchasers indicated they would be first-timers – up from 56 per cent a year earlier.  The higher percentage of first-time buyers in the City of Toronto likely relates to the prevalence of condominium apartments, which are a popular entry point into home ownership.

While the demand for ownership housing grew over the past year, new listings entered into TREB's MLS® System in February were down on a year-over-year basis by 12.5 per cent to 9,834. This continues a pattern we saw throughout much of 2016, with the sales trend pointing up while the listings trend has been down, which has resulted in a contraction of the inventory of homes available for sale. TREB's average months of inventory trend for February was at one month, while in many neighbourhoods across the GTA, inventory can now be measured in weeks rather than months.
"The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double-digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of price growth to continue," said Jason Mercer, TREB's Director of Market Analysis.
The MLS® HPI Composite Benchmark Price was up by 23.8 per cent compared to February 2016. Similarly, the average selling price was up by 27.7 per cent year-over-year to $875,983. Annual rates of price growth continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers.

For More Info, please click below:
TREB Market Watch February 2017

Summary of TorontoMLS Sales and Average Price February 1 - 28, 2017
	2017							2016
	Sales		Average Price		New Listings			Sales	Average Price		New Listings
City of Toronto ("416")	2,900		859,186		3,586			2,794	720,633		4,457
Rest of GTA ("905")	5,114		885,508		6,248			4,789	665,380		6,777
GTA	8,014		875,983		9,834			7,583	685,738		11,234
TorontoMLS Sales & Average Price  By Home Type February 1 - 28, 2017
		Sales					Average Price
		416		905		Total	416			905		Total
Detached		793		2,928		3,721	1,573,622			1,106,201		1,205,815
Yr./Yr. % Change		-6.8%		6.0%		3.0%	29.8%			35.4%		32.5%
Semi-Detached		199		452		651	1,085,484			712,276		826,359
Yr./Yr. % Change		-16.0%		-6.2%		-9.5%	27.6%			33.2%		29.4%
Townhouse		257		908		1,165	671,243			653,584		657,480
Yr./Yr. % Change		2.4%		7.7%		6.5%	15.7%			32.4%		28.0%
Condo Apartment		1,632		728		2,360	515,424			404,460		481,194
Yr./Yr. % Change		14.0%		20.3%		15.9%	18.2%			23.6%		19.2%