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Showing posts from August, 2009

Upgraded Family Townhome! $289,900

Rare Corner Unit With Lots of Windows! 3 Bedrooms, 2.5 Baths, Premium Location close to Gatehouse. High-end Hardwood Floors on Main Level, Skylight over Staircase, Clean Bright White Kitchen With Pass-Thru to Dining Room. Lots of Storage. Close to Schools, Shopping, Parks and TTC at Your Door. Call Jason to View!

Vertical City – Toronto is Growing Up

August 21, 2009 -- Tom Lebour, President of the Toronto Real Estate Board. Torontonians are crazy for condos. Last month there were 2,361 condominium sales in the GTA, an increase of 25 per cent from the previous July.While sales of all housing types have been robust throughout the past couple of months, condominium transactions are making a stronger contribution to the big picture than ever before.In little more than a decade, condo sales have gone from comprising a quarter of all GTA resale transactions to accounting for almost one in every three homes that changes hands. In central Toronto condominiums now represent 60 per cent of resale transactions.As a result of the condo boom the population of downtown Toronto grew by 10 per cent in the last five-year census period, representing the largest five-year population increase in the core throughout the last 30 years.And there’s more to come. According to the Canada Mortgage and Housing Corporation the seasonally adjusted annual rate

GTA REALTORS® Report August Mid-Month Resale Market Figures

August 18, 2009 -- In the first two weeks of August, Greater Toronto REALTORS® reported 3,832 sales – up 27 per cent compared to the first two weeks of August 2008. The average price for these transactions was up three per cent year-over-year to $383,796. "The results for the first half of August indicate that many households in the GTA remain confident in their ability to purchase and pay for a home over the long term," said TREB President Tom Lebour. Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Average price, at $385,603 is down by less than one half of one per cent. "Strong resale housing demand will contribute to broader economic recovery as each transaction results in substantial spin-off benefits to other sectors of the economy," explained Jason Mercer, TREB's Senior Manager of Market Analysis.

Home Away from Home

August 7, 2009 -- Tom Lebour, President of the Toronto Real Estate Board ...Statistics show that Greater Toronto Area residents are excited about real estate again. July’s 9,967 sales set a best monthly record, up 28 per cent year over year. The previous month also set a record for June, up 27 per cent from the year prior.We’re even seeing signs of life in the United States resale housing market. In July, the National Association of REALTORS® reported that pending home sales rose for the fourth consecutive month. Existing home sales also increased, for the third consecutive month, with available inventory easing and prices remaining low.This means that if you’re comfortable with your residence here at home, now is an opportune time to invest in a vacation property south of the border.Florida alone welcomes hundreds of thousands of Canadians each year, with many snowbirds taking advantage of United States government provisions that allow us to spend up to six months a year there withou

Just Listed 1863 Queen St E #219

$419,900 An Entertainer's Delight! Sun Drenched 400 sq ft Terrace with South Exposure in “The Heart Of The Beach”. Popular Split Bedrooms, Open Concept with Great Flow, 2 Separate Walk-outs to Terrace. Granite Kitchen Countertops, Pantry, Ceramic Backsplash. Steps to Boardwalk, Lake, Trendy Shops & Restaurants, TTC. Well Managed Desirable Low Rise Building. Nothing To Do But Move In! Call Jason to View!

The Canadian Dream!

July 31, 2009 -- Tom Lebour, President of the Toronto Real Estate Board . It’s hard to believe that we are already nearing the busy fall period in the Greater Toronto Area’s resale housing market. In fact, due to current weather patterns, this season could go on record as the summer that wasn’t. It’s important to recognize though, that with every persistent cloud comes a silver lining.Some cottagers who normally make the trek North every Friday have tailored their plans according to the weather this year and in doing so, they may have also re-evaluated their need for a recreation property. That’s good news if you’re thinking of buying a vacation home.There are however, a number of factors to consider if you’re planning to own a cottage or chalet. Fortunately, financing may be easier than you think. Most financial institutions’ mortgage approval criteria remain consistent for both primary and secondary residences. You may for example, be able to finance 95 per cent of your purchase by