Blog by Tina Mak

Surprise jump in U.S. home sales

March 25th, 2009

Surprise jump in U.S. home sales
The Associated Press
March 23, 2009 at 10:44 AM EDT
WASHINGTON — Sales of existing homes rose from January to February in an unexpected boost for the slumping U.S housing market as buyers took advantage of deep discounts on foreclosures.
The National Association of Realtors said Monday that sales of existing homes grew 5.1 per cent to an annual rate of ...

Walking away from Pre-Sale

March 22nd, 2009

In today's Vancouver Sun Business section mentioned that there are 6 developers suing some 74 different buyers for not completing the purchase of homes they'd signed contracts to buy.  Buyers sometime have the wrong perceiption, thinking as long as they forfeit their deposit, they could walk away from the deal. They are unable to secure a mortgage to complete the purchase based on the current ...

Toronto Downtown Market Update

March 14th, 2009

Toronto Downtown Market Update

Toronto downtown market have had significant improvement since January.  To view statistic details, go to the Global Market Update page at my National Real Estate Information centre @ www.TinaMak.com.  Like Vancouver, Toronto agents noticed a large increase in showings and listings sold faster than before with sold price closes to the asking price.

Market appe ...

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