TREB Members reported 6,424 sales of single family dwellings in September, down about six per cent from the 6,866 sales recorded during September of last year, Toronto Real EstateBoard President Maureen O’Neill announced today. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, …
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U.S. recession would drag Canadian housing market lower: economist
LORI MCLEOD Globe and Mail Update September 30, 2008 at 1:00 PM EDT If the United States falls into a deep and prolonged recession it will drag the Canadian housing market lower and push back its recovery, says Benjamin Tal, senior economist at CIBC World Markets Inc. Each day that probability seems to be drawing closer, and it’s causing understandable …
Read More »Market Watch – August 2008
TREB Members reported 6,318 in sales in August, President Maureen O’Neill announced today. “The 2008 Toronto summer market is ending on a solid pace,” noted the President. Sales were down 22 per cent from the record-breaking August 2007 of 8,059 single family dwellings, but were only off nine per cent from the more typical figure of 6,976 sales recorded in …
Read More »Market Watch – July 2008
TREB Members reported 7,806 sales of single-family dwellings in July, continuing a healthy but not record setting pace into the summer. “Even though GTA sales were down 12 per cent from the best-ever July 2007 figure of 8,912, sales were up 10 per cent from July 2006 (7,082),” said TREB President Maureen O’Neill. July 2007 saw a 26 per cent …
Read More »Pick of the week!
We’re starting a new program where we will pick listings that we think are great buys based on the following criteria 1. Properties that are in a great area to be in2. Properties that are priced at Market value (This is usually tricky in market conditions as market value keeps changing but we will try to stay current)3. Properties that …
Read More »Greater Toronto Area Resale Housing Moderate in September
September 17, 2008 — The Greater Toronto Area’s autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O’Neill announced today. With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago. Compared to the 2,913 transactions recorded during the …
Read More »Happy Ramadan… Ramadan Mubarak!
The month of Ramadan started this month for our Muslim brothers and sisters who will be observing a whole month of fasting followed by Eid which is a celebration of completing the month of fasting and a reward for the sacrifices the Muslim’s bear during the month. Fasting (Saum in Arabic) is considered a pillar of Islamic faith along with …
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 …
Read More »Dual agency or Buyer Representation?
There are two options available for buyers when it comes to purchasing property through organized Real Estate in Ontario and is classifies them as either a Client or a Customer. Client RelationshipClient relationship with a buyer is established by signing the buyer agency agreement. Customer RelationshipBuyers have the option of representing themselves in a Real Estate transaction and still expect …
Read More »RE/MAX sales associates and support staff raise more than $100,000 for Yard Sale for the Cure
Mississauga, ON (June 25, 2008) — RE/MAX sales associates and support staff in more than fifty communities across the country threw their wholehearted support behind Yard Sale for the Cure this year, raising close to $115,000 in the annual event for breast cancer research andtreatment. “Yard Sale for the Cure 2008 was an overwhelming success,” says Christine Martysiewicz, Director of …
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