The five- and 10-year averages for price growth in newer downtown Toronto condos is 15% and 8%, respectively. GTA-wide, the 10-year average is also 8%.
National Bank of Canada’s net income in its third quarter, 2018, was up 10% to $569 million.
For the first nine months of 2018, the Bank's net income totalled $1,666 million, up 11% from $1,499 million in the same period of 2017, and its diluted earnings per share stood at $4.42 versus $3.99 in the same nine-month period of 2017.
The bank saw strong results across all of its business segments with net income in its Personal and Commercial banking business up 6% to $248 million.
Growth in mortgage lending is noted in the results for its part in growing personal lending by 3%, commercial lending was up 8%.
Louis Vachon, President and Chief Executive Officer of National Bank noted "another quarter of excellent performance in each business segment thanks to sustained revenue growth and effective cost management."
National’s wealth management unit saw a 22% jump in net income, and its financial markets and US speciality finance and international business also gained.
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News of a fixed rate increase might inspire consumers driven by fear of being priced out of the market in Canada.
Even before COVID-19 moved us all to work from home, reevaluations of office space were already underway, but not nearly to the extent they are now.
This consultant and real estate investor said that a third of new construction properties built every year in Ontario have legitimate claims for reimbursement, but they aren't taken advantage of.
New condos going up on King St. E. and Berkeley St. by Lamb Development Corp will be 32-storeys and the new Ontario Line subway route station.
Condominium sales in the City of Toronto surged by 63.2% year-over-year in February to 2,167, according to the latest data from the Toronto Regional Real Estate Board.
According to GTA-based Seth Ferguson, CEO of Multifamily Real Estate Investments Inc., Texas has arguably the most propitious horizon in the Sun Belt.
In 2020 alone, this commercial real estate team did over $60 million in commercial sales in Toronto.
Craig Proctor, top Canadian real estate agent and coach, offers advice on how to dominate during these crazy real estate times. Join his Millionaire Agent-Maker SuperConference March 19-21.
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