Million dollar home sales continue to climb in the GTA Homeowners continue their love affair with renovations Variable Rate Mortgages Market Watch Million dollar home sales continue to climb in the GTA Sales of upper-end homes in the Greater Toronto Area continue to spiral upward, climbing 33 per cent in the first quarter of 2005 compared to the same period one year ago. Two hundred and ninety-six homes have sold in excess of $1 million on the Toronto Real Estate Board so far this year, surpassing the annual figures reported in 1996 (113), 1997 (175), 1998 (211), and 1999 (289). Luxury sales over $1. Full Story Home Renovation Homeowners continue their love affair with renovations Most homeowners who renovated expect increased resale value will outweigh expenditure. Nearly half of Canadian homeowners have renovated their homes in the past two years, according to results from the 2005 CIBC Spring Homeownership Poll released today. On average, homeowners who renovated spent approximately $12,000 on their renovations, and expect that these renovations added just over $17,000 to the resale value of their home. Full Story Variable Rate Mortgages Variable Rate Mortgages Variable rate mortgages have been all the rage in the last five years. Interest rates have reached all time lows and the housing market has been booming. The savvy homeowner knows that the party can't last forever. Full Story Ryan Chelak, Broker Mississauga & Oakville, Real Estate, Homes & Condos Town-City Realty Limited, Brokerage