Toronto Real Estate Market

The real estate market in Toronto is at an all-time high. In addition to more homes being sold, there is also an increase of the prices of the houses. In April, 2016, 12,085 homes were sold. This was a 7.4 percent improvement from the previous year. There is also an increase in demand for housing in this particular area. This trend shows no signs of stopping or even slowing down in the near future. This results in a larger number of individuals and entities getting involved in the Toronto real estate market. In the event that you would like to also, here are some of the aspects of the real estate market in Toronto:

Total Sales

When an authority mentions that real estate sales went up or down, they are referring to the total amount of sales that occurred. This is typically for a period of time and these sales are usually compiled by the Toronto Real Estate Board. To make it easier to compare between months, this is usually determined on a monthly basis. Real estate entities can then decide how a particular month in one year fared against the same month in a different year. They can also determine which months people usually tend to sell and buy houses. For instance, since 2013, the real estate sales in Toronto has spiked between the months of March and July. So far, the 2016 has been performing better than the previous years.

Fresh Listings

Another aspect of the Toronto real estate market is the new listings. These are the houses that have become available for purchase. This, too, is typically represented on a month to month basis. When compiled, this information can be used to determine whether there are seasons where individuals are more inclined to sell their homes. There is usually a spike in this trend between the months of March and May. This can also be justified by the previous point where the majority of homes are sold within a similar period.

Active Listings

The other feature to consider regarding the real estate market is the active listing component. These are the houses that are available at a particular time that can be sold. The listings are predictive of the supply as well as the prices of the housing in Toronto. The greater the number of active listings, the larger the supply available for the real estate market. The fewer the active listings, the smaller the supply. A larger supply is usually indicative of lowering of prices of the houses. Conversely, the fewer the active listings, the higher the prices of the houses will be. Over the last three years, the number of active listings have been steadily decreasing. This has caused house prices in Toronto to elevate considerably.

Average Cost

There are four most common types of homes sold in Toronto. These are detached, semi-detached, townhouses and condos. Condos are typically the least costly dwellings while the townhouses are next in the price range. The semi-detached and the detached are the most expensive residences, respectively. As mentioned above, the house prices have been increasing due to the smaller supply of listings. This stands true for the average cost of housing. Each of the housing types have experienced a considerable increase in their pricing.

Time Spent on Market

The final aspect is the number of days that a home is on the market. The days on market or DOM is the interval between a house being listed and it being taken off the market. Investigating the DOM can usually tell how the housing market is performing. If the DOM is decreasing, this means the market is doing quite well as the houses are being bought up quite quickly. Over the last few years, the DOM has been slowly been decreasing for each seasonal period. These are the most important aspects of the Toronto real estate market. By assessing these different fields, you will be able to determine whether or not you should invest in this sector.

Best Canadian Travel Rewards Credit Cards

The best credit cards are the ones that offer rewards based on how many times you use it. Due to the popularity of travel, credit card companies are now recompensing their customers by allowing them to tally up points to pay for their travels. Of course, not all credit cards are created equal. Some cards reward the loyalty of their customers much more than others. This list is a compilation of some of the credit cards that provide you with the highest rewards for how much you spend:

Not everybody can afford to get a non-secured travel credit card, but there are still some good financial options for people with bad credit. One Canadian financial company that offers alternative financial solutions is Refresh Financial. The have secured card and a loan product.

TD Aeroplan Visa Infinite Card

This airline travel credit card offers many different perks. Like other airline cards, your earned points are deposited directly into your frequent flyer account. This card offers you an impressive bonus when you sign up with them. With your first purchase, 15,000 points are added to your account. If your account is in good standing and has been open for 90 days, there are another 10,000 points automatically earned. You also earn 1.5 miles for every dollar you spend on gas, groceries, at drugstores, or on For other purchases, you are rewarded with one mile for every dollar that you spend. You can also save $120 dollars in the annual fee rebate for the first year that you join up.

American Express Gold Rewards Card

For the first year after applying for the American Express Gold rewards card, you do not have to pay the annual fee. This saves you $150 in costs. Furthermore, in the first three months, if you charge $500 to your card, you are rewarded with 25,000 points. Every time you use this card at a drugstore, grocery store, or gas station in Canada, you receive 2 points for every dollar that you spend. You also receive 2 points for every dollar when you use the card to pay for flights, rentals, cruises, and hotels. For other purchases, you earn one point for every dollar. You can transfer your accumulated points to Aeroplan frequent flyer account or Avios. You can charge your travel costs to your card and then cover it with the points that you have earned.

MNBA Rewards World Elite

In addition to not having to pay $89 for the first year in annual fees, you are also gifted a $100 with your first purchase with MNBA Rewards card. What sets this card apart from the others is that you can redeem 2 points for each dollar spent on all purchases. Unlike other credit cards, MNBA Rewards does not discriminate against purchases that are not groceries, gas, or bought from drugstores. Regardless of the purchases, you are rewarded with every dollar spent. You can also use these points to pay for all aspects of your travel including the taxes.

CIBC Aerogold Visa Infinite Card

The CIBC Aerogold Visa Infinite card offers a welcome bonus of 15,000 points with your very first purchase with the card. For every dollar that you spend, you are eligible to earn one Aeroplan mile. If the purchase is made at a drugstore, grocery store, gas station, or, you can claim 1.5 miles. If you use the CIBC Aerogold Visa Infinite Card at partner CIBC hotels, inns, spas, or restaurants, you can earn 3 miles for every dollar that you spend. You are also eligible for a host of other travel rewards with Air Canada when you accumulate a certain number of points with this card. All of these credit cards offer you an opportunity to save money as you spend money. It is important to always read the fine print as well as all of the terms and conditions. It is also imperative that you always pay off your credit card in full before the month is up. This will help you maintain a good credit score.

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