Norman Hathaway ASA

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  • Toronto Real Estate and the "Savvy" Buyer

     As I've exclaimed before, with historically low interest rates, strong buyer demand and short supply of listings, prices will continue to rise, especially in demand areas of the GTA.  NOW continues to be the operative word in Toronto real estate for both Buyer and Seller. Buyers with the necessary funds are anxious to ...
    Posted to Norman Hathaway (Weblog) by 814969 on November 4, 2015
  • Home prices up 7.5% and The Educated Buyer.

    Toronto home prices continue to rise!!   As outlined in the press today - National Post Aug 8/2014- the average home sale price was up 7.5% in the GTA over the past year. Up to $550,700 average price for a house in Toronto!! "Strong demand for ownership housing will underpin robust average price increases for the remainder of ...
    Posted to Norman Hathaway (Weblog) by 814969 on August 8, 2014
  • Stocks vs Real Estate

    Saturday's National Post (Gary Marr) says: "Stocks always trump Real Estate". Tell that the those who lost big time in the stock market over the last brilliant financial meltdown!! Read:http://business.financialpost.com/2013/05/18/if-there-was-a-battle-between-stocks-and-real-estate-stocks-win/?__lsa=960f-c4fc
    Posted to Norman Hathaway (Weblog) by 814969 on May 20, 2013
  • Canadian Inflation Rate continues to fall!!

    Hey, have you noticed?! They say say Gas and Food prices have fallen. Have you noticed?! According to Stats Can, our annual inflation rates fell "an astonishing six tenths of a point to 0.4% last month", according to reporter Julian Beltrame of the The Chronicle Herald- May 17,2013. ...
    Posted to Norman Hathaway (Weblog) by 814969 on May 20, 2013
  • Interesting news on Interest rates and inflation in today's National Post

    If interest rates are of interest to you -pardon the pun- you might be interested in these 2 articles in the National Post today. They shed some provocative light on interest rates and inflation both here in Canada and ...
    Posted to Norman Hathaway (Weblog) by 814969 on May 17, 2013
  • Why there has never been a better time to buy a home- in Toronto

    Well, I am going to repeat myself again, this time adding some more fire power to what I am trying to convey. As the old adage goes: "There is never a bad time to buy real estate". That statement has never held more strength than right now!  I am a Realtor and have lived and worked in Toronto all my life. I am in my ...
    Posted to Norman Hathaway (Weblog) by 814969 on January 30, 2012
  • The Fear of Low Interest Rates

    Today I was speaking to someone who said that they felt it irresponsible that governments maintain interest rates at such low levels. He felt (perhaps rightly so) that these low interest rates encourage people to over extend themselves financially to the point that when interest rates start to move up the party's over. Well ...
    Posted to Norman Hathaway (Weblog) by 814969 on January 19, 2012
  • Now is the best time to buy real estate!

    Good real estate numbers today and banks announcing the lowest fixed rate mortgages in Canadian history indicates to me that now is perhaps one of the best times ever to purchase real estate in Canada. If you are on the sidelines waiting for prices to continue to soften, you may want to rethink your schedule. Yes, average price indicators of homes ...
    Posted to Norman Hathaway (Weblog) by 814969 on January 17, 2012
  • BMO Announces Lowest Mortgage Rate In History.

    Waking up this morning in Toronto confirmed Old Man Winter is up and about. The winds were howling and the snow driving. The good news? Spring is coming and today the Bank of Montreal announced the lowest mortgage rate in history- down to 2.99% for a closed, 5yr fixed. This is sure to create further competition among the Banks and spur ...
    Posted to Norman Hathaway (Weblog) by 814969 on January 13, 2012