Tag Archives: Market Value

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 …

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 …

November 19, 2008 — Greater Toronto REALTORS® recorded 1,991 resale transactions during the first half of November 2008 from 3,544 sales recorded during the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. The Greater Toronto Area year-to-date figures show 70,474 sales in 2008 from 84,994 recorded during the same period in 2007. The year-to-date …

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 …

November 5, 2008 — TREB Members reported 5,155 sales in October, down 35 per cent from the 7,915 sales reported in October of 2007, and also down 25 per cent from the 6,876 sales reported during October 2006. Within the City of Toronto, 2,136 sales were recorded. This was down 38 per cent from the 3,455 sales recorded in October …

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 …

SOURCE TORONTO (AP) — Canada’s central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks …

October 17, 2008 — Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. Sales volumes in the GTA decreased 18 per cent compared to the first half of October 2007, when 3,297 transactions were recorded and are down …

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 …

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 …