Toronto Home Sales Has The Hick-Ups

Monday Jun 12th, 2017


Toronto-area lawns are still sprouting “For Sale” signs even as the number of home purchases continued to decline into June, says online brokerage Realosophy. It found that sales of houses (detached, semi-detached and towns) across the region were down 44 per cent last week compared to the previous week. York Region is still showing some of the largest declines of about 60 per cent in some areas, said company president John Pasalis. "The sales numbers keep getting... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016


In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]