Monday, April 20, 2009

In The Trenches In Toronto...

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.

Thursday, April 16, 2009

Gated Victorian Mansion In The Republic of Rathnelly

300 Avenue Road Suite #4.


Outstanding & Quite Unique 2 Bedroom, 3 Bath, 2 Level Unit Which Has Been Tastefully Upgraded Through Out !! Along with Your Private 20' X 20' West Facing Deck. A True Entertainer's Delight! If You Are Looking For That Special Place in the City...Call Me at 416-443-0300.

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.