In the last couple of weeks, it seems like the Real Estate market ALL OVER TORONTO has been extremely HOT. Detached, Semi's & Freehold's that are in average to above average condition and are priced competitively, seem to be selling fast.
This is a true testament that today's affordability continues to possitively drive the market in TORONTO.
Monday, April 20, 2009
Thursday, April 16, 2009
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Tuesday, April 14, 2009
March MLS Numbers Indicate Real Estate Bottom**NOW IS THE TIME TO BUY
Toronto -April 6, 2009
In March 2009, Greater Toronto REALTORS reported 6,171 sales - down 7% from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 - down less than 5 % from the same month last year. "The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months," commented TREB President Maureen O'Neill.
"In fact, over the past two months, the situation in the housing market has improved."
"Sales in March incresed at a rate over and above what would be expected from the normal spring-time bump," said Jason Mercer TREB's Senior Manager of Market Analysis. "A greater number of households have taken advantage of incresed affordability in the housing marketplace"
MORE positive news is that the 'days on market' fell from February 2009--45days to March 2009--39 days. This is the largest positive indication of recovery...the number of days for a property to sell.
With prices down a little from last year and interest rates at historical lows, it is 20% cheaper to own real estate in Toronto. NOW is THE TIME to BUY. Prices will not stay lower and interest rates will go back up.
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