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Showing posts from November, 2009

Just Listed!

14 Woodcroft Crescent $249,900 Fabulous Condo Alternative! 1 Plus 1 Bedroom DETACHED Bungalow with 2 Car Parking. Beautifully Renovated White Eat-In Kitchen with Walk-Out to Large Yard. Finished Basement with Walk-Out. Quiet Dead End Crescent. Call Jason To View!

Just Listed!

46 Western Battery Road # 839 $319,900 Tastefully Decorated 1 plus 1 Bedroom Condo Townhouse With Parking / Locker and Roof Top Terrace. Desirable Liberty Village, Steps to Everything “King West” Has To Offer! Call Jason To View!

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

November 18, 2009 -- In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008. The average price for these transactions was up 10 per cent year-overyear to $415,066. Increased Interest in ownership housing has been widespread throughout the GTA and across all housing types," said TREB President Tom Lebour. "However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price." Year-to-date sales, at 78,233 are up 11 % compared to 2008. Average price, at $393,180, is up by 3%. "Sales and average price in the GTA this winter will be well above levels reported throughout the fourth quarter of 2008 and first quarter of 2009," according to Jason Mercer, TREB's Senior Manager of Market Analysis.

President's Toronto Sun Column: There’s More to us than MLS

November 13, 2009 --Tom Lebour, President of the Toronto Real Estate Board -- If you are one of the thousands of GTA residents who has made a move to a home more suited to your lifestyle this year, chances are you used the services of a REALTOR® to help you do so.On the surface it may seem that a REALTOR’S® access to the Multiple Listing Service is the most significant reason for working with a real estate professional. While REALTORS® can use the MLS® to match your housing preferences with available properties and help you establish realistic expectations if you’re selling, it is just one of several tools they use to offer you professional advice.They can also for example, access the Municipal Property Assessment Corporation’s database to provide you with valuable insight into current taxes on individual properties, ownership histories and lot size specifics.Using Teranet’s GeoWarehouse, they can retrieve even more information that is useful in the decision-making process like streets

President's Toronto Star Column: HST Will Raise Cost of Living, Buying Homes...

November 13, 2009 -- Tom Lebour, President of the Toronto Real Estate Board --Starting July 1, 2010 Ontarians can expect to pay a harmonized sales tax (HST) rate of 13% on a long list goods and services that were previously exempt from the 8% Provincial Sales Tax (PST). While the impact of the tax will be felt by all Ontarians, the province’s 3 million homeowners and the thousands who buy and sell a home every year will be hit particularly hard by this latest tax grab. As real estate professionals, REALTORS® know how important the dream of homeownership is to Ontario families. Unfortunately, thanks to the forthcoming HST, that dream is going to become much more expensive. After July 1, 2010, every residential real estate transaction in Ontario will face a significant tax increase. Specifically, home buyers and sellers can expect to pay 8% more on legal fees, appraisals, real estate commissions, home inspection fees, moving costs and the provincial government’s forthcoming system of man

TREB MLS -- AVERAGE Resale Home Price


GTA Real Estate Market Soaring

November 9, 2009 -- Tom Lebour, President of the Toronto Real Estate Board --It has been a red-hot autumn in the Greater Toronto Area resale housing market.In the first two weeks of October, Greater Toronto REALTORS® reported 3,631 sales, a 34 per cent increase compared to the same period a year ago. The average price of GTA homes sold during this timeframe also grew, by 17 per cent, to $414,479. Condominium sales increased 23 per cent to 857 transactions, with an average price of $292,439, up 12 per cent year over year.The average price increased most significantly in the City of Toronto while the 905 Region experienced the strongest sales volumes. In the City of Toronto the average price climbed to $455,001, a 21 per cent increase from mid-October last year. The number of sales was up 31 per cent compared to the same period, reaching a total of 1,489 transactions. Condominium sales in Toronto increased 17 per cent from a year ago, to 589 transactions. They sold at an average price of