Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to6,015 sales recorded in February 2008. The average home price was $361,305 last monthcompared to $382,048 during the same month last year.“A considerable number of transactions continued to take place in February 2009. Motivatedbuyers and sellers, who were aware that market conditions changed over the past few months,were …
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2,670 Transactions Reported in January
TREB Members reported 2,670 sales in January from the 5,075 sales reported in the first month of 2008. Of these, 1,106 transactions took place in the City of Toronto compared to 2,128 in January 2008. In the surrounding “905” area, 1,564 sales were recorded, from 2,947 last year. The GTA housing market has not been immune to the economic slowdown …
Read More »Greater Toronto Home Resales at 1,500 in Mid December
TORONTO, December 17, 2008 — Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. The average price of a home in the Greater Toronto Area is currently $360,652. This compares to an average of $404,707 recorded …
Read More »Market Watch – November 2008
Commentary regarding November 2008 Quick Stats: 2008 2007 % Change Number of Active Listings 27,037 18,309 + 48% New Listings this month 9,925 10,692 – 7% Sales this month 3,640 7,313 – 50% Average Days on Market 41 32 + 28 Average Price $368,582 $393,747 – 6.4% List Price vs. Sales Ratio 96% 98% – 2% Months of Inventory 7.43 …
Read More »Housing market in the Greater Toronto Area
RE/MAX Ontario Atlantic Canada Inc. Toronto Real Estate Board stats for October created some heated dialogue in the industry in recent weeks. While many believe that the dismal statistics reflect the recent volatility in financial markets, some are now asking if they also identify an emerging trend in the Greater Toronto Area. The simple answer is no. Although there are …
Read More »Resale Housing Market Still Healthy, Experts Say at Toronto Real Estate Board Meeting
October 28, 2008 — More than 1,100 Greater Toronto REALTORS® gathered to hear Canada’s top experts talk about the future of the housing market at the Toronto Real Estate Board’s 88th Annual General Meeting October 27th. The following panelists covered a range of topics on the future of real estate: Don Lawby, President and Chief Operating OfficerCentury 21 Canada Limited …
Read More »Pick of the week!
So here’s our pick of the week: Property is located in Newmarket, ON and is perfect for an investor. The property is currently listed for $265,000 and has a LEGAL basement apartment. Here is the math: Purchase price: $265,000Down payment: $53,000 Monthly Payment: $1,203.71Property Taxes: $ 213.29 You can rent the property out for: Basement: $700 (1 Bedroom can be …
Read More »When is a good time to buy a property during a down market?
I get the question alot, “When’s a good time to buy real estate?” and frankly, my answer always is whenever you’re ready! This answer is usually met with a smirk which reads more like, “I was expecting you to say that since you make a living through purchase and sale!” There is no way anyone can predict when the market …
Read More »A healthy home is a happy home
(NC)—Our home is our safe-haven. It is where we go to feel secure and protected, and the materials we choose to build our home play an important role in ensuring our continued sense of security. Masonry homes are widely recognized for providing exceptional health and safety advantages, such as superior sound insulation, maintaining indoor air quality, and mould resistance. Sound …
Read More »The new face of www.HeyAddy.com
We’ve been working on a new website for the past couple of months and we’re happy to report that the new website is now ready and is being launched to the world wide inter web. Following is a comparison between the two websites visually. Old website New website There are some very noticable features that I’d like to point out …
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