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| Mortgage Toronto |
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"Toronto's York University Finance Professor Moshe Milevsky did a study of five-year rolling interest rate during the previous 50 years, and showed that 88.6 per cent of the time, homeowners would have saved money having floating interest rate mortgages, which are tied to the rise and fall of bond yields, rather than fixed-rate mortgages, which are usually locked-in over a period of one to five years. The average saving was $22,000 on a $100,000 mortgage paid out over 15 years"...... quote from Vancouver Sun dated April 3, 2007.
Toronto Market(source: TREB)Toronto R/E Board Members reported 2,577 sales in December 2008, compared to 4,646 during the same month in 2007, and the 4,447 in December 2006.Toronto sales for 2008 were 74,552, compared to 93,193 in 2007, and 83,084 in 2006. This is a 44% drop in real estate sales in Toronto December 2008 versus December 2007. However on a whole year basis the Toronto housing sales dropped only 20% in 2008 compared to 2007. Average Toronto housing price in December 2008 was $361,415, compared to $394,931 in 2007, and $336,217 in 2006. Toronto prices averaged $379,347 in 2008, compared to $376,236 in 2007, and $351,941 in 2006. That is, Toronto average housing price dropped 8.5% in December 2008 compared to December 2007. However on a whole year basis Toronto average housing price actually increased slightly to just short of 1%.
Copyright 2007 -
mortgage toronto
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