Skip to main content


Showing posts from April, 2010

Greater Toronto REALTORS® Report Mid-April Resale Market Figures

TORONTO-April 16, 2010 --Greater Toronto REALTORS reported 4,601 sales through the Multiple Listing Service (MLS) during the first two weeks of April. This represented a 25 percent increase compared to the 3,681 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 9,512. "The fact that annual growth in new listings outstriped growth by listing their homes in greater numbers. They are confident they will receive offers in line with their asking price." The average price for April mid-month transactions was $430,271 - up 12 percent compared to the average of $383,361 recorded during the first 14 days of April 2009. "The average annual rate of price increase has declined and we are shortly going to see a return to sustainable single-digit rates of growth," said Jason Mercer, TREB's Senior Manager of Market Analysis. "As Home Buyers experience more choice in the marketplace, there will be less upward pressure on the a

Many Ways to Cut Energy Costs

April 16, 2010 -- Toronto Star--Tom Lebour,President of the Toronto Real Estate Board. If there is one thing on which all homeowners can agree, it’s that there’s always something to do around the house.If during these remaining weeks of winter you’re developing a list of improvements to get underway this spring, be sure to include energy efficiency enhancements, which contribute to your home’s overall value while also reducing your energy costs.If you have an older home, renovations such as new windows, extra insulation or an Energy Star rated furnace can sizably diminish your energy costs. You can even qualify for government rebates to help you through the process.There are a number of minor changes you can also undertake to make a big difference to your monthly energy bills. It’s estimated for example, that you can save two per cent on your heating bill for every degree that you lower your thermostat. Replacing your old thermostat with an Energy Star programmable unit that automatic

MLS-Rental Market Report

Toronto Real Estate Board- "From September through December 2009, TREB Members reported 3,859 lease transactions for condo apartments and Townhouses through the Multiple Listing Service (MLS) - Up 12 percent from the 3,433 recorded during the same time in 2008. Condo Apartment transactions, which account for over 90 % of the total, were also up 12 %. The weighted average rent across all apartment types and all TREB districts for the last four months of 2009 was $1,667 - in line with the 2008 weighted average of $1,672. This reflected the fact that average rents for the two most popular apartment categories moved in opposite directions, with one percent decrease for one bedroom apstments and one percent increase for two bedroom apartments. At district level, rent changes were quite mixed, in some cases changing at rates above or below the GTA average." For a complete report, email me at . I would be happy to send it off to you.

Greater Toronto REALTORS® Report March Resale Market Figures

TORONTO, ONTARIO--(Marketwire - April 6, 2010) - Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948. "The strong rebound in the existing home market was one of the initial drivers of economic recovery," said TREB President Tom Lebour. "While we don't expect to see the same rates growth moving forward, GTA households will remain confident in ownership housing as a quality long-term investment, especially as economic recovery expands across all industries." The annual rate of growth for new listings continued to accelerate in March. The number of new listings grew by 42 per cent compared to March of 2008. "The average home price in the GTA will continue to grow th

Information Regarding Energy Retrofit Program

April 5, 2010 -- Be aware of recent changes to the ecoEnergy Retrofit Program. Effective March 31, 2010, the Government of Canada ecoENERGY Retrofit – Homes program is no longer accepting bookings for pre-retrofit evaluations. The program will continue to be administered until March 31, 2011. If you have already booked an appointment for a pre-retrofit evaluation, have completed an evaluation or applied for re-entry to the program, you remain eligible to apply for a grant. Please check the Natural Resources Canada website for complete details. Homeowners in Ontario may still qualify for grants of up to $5,000 for energy retrofits through the provincial program. Details on the Government of Ontario Home Energy Retrofit Program can be found at

It Pays to Renovate Before You Sell

April 2, 2010 --Tom Lebour, President of the Toronto Real Estate Board...SUN Column. If you’re preparing to get in on the Greater Toronto Area’s spring housing market by undertaking a number of improvement projects to your home, you’re in good company.According to Canada Mortgage and Housing Corporation, close to $21.3 billion was spent in our country’s 10 major centres on renovations in 2008, an increase of more than $1.6 billion compared to 2007. The majority of those surveyed, 55 percent, indicated renovations were undertaken in preparation for a sale, to update or add value to their homes. Another 33 per cent of respondents pointed to a need for repairs as their primary motivation for improvements.Whether you’re planning a renovation in preparation for a sale, because your house is in need of repairs or simply for esthetics, it’s wise to plan carefully to achieve the best return on investment. Most of us know that kitchens, bathrooms and a fresh coat of paint inside and out, offer

TREB MLS -- AVERAGE Resale Home Price


Spring Home Maintenance Checklist!

The weather is getting warmer, and now is the time for spring home maintenance and repairs; below are some tips to help you prepare for the warmer weather. Turn on hose bibs. Before you turn on your hose bibs, inspect pipes between the hose bib and shut-off valve for signs of frost damage or splits in the pipes. Also check for separated joints. Once you've checked that everything is in good shape, make sure your outside hose bib is turned off, and turn on the shut-off valve inside your home. Your outside hose bib is now ready for use. Inspect your roof. Visually inspect your roof. Extensive damage can be caused when shingles become loose or fall off completely. Look for signs of age such as curling, shrinking, or broken or missing shingles. In order to avoid costly leaks, repair or replace damaged or missing shingles. Inspect air conditioning system and change the filter. Now is the time to have your air conditioning system checked by a licensed HVAC mechanic. A yearly

Spring Time Makeover!

10 things you can do to improve the odds that your home will stand out among the sea of new listings flooding the spring-time real estate market! by Arshad Khan, CHI, P. Eng. 1) Wash windows inside and out / polish all mirrors: Sparkle is free, and sparkle sells homes. A potential buyer may not realize why your home seems so inviting but will feel drawn to it if the windows are spotless and your mirrors reflect sunlight. Cleaning is the first step to preparing your home for sale. 2) Rake the yard / trim back bushes: Clean out dead leaves and debris in your lawn. Don't let overgrown vegetation block the windows or path to the entrance. Cutting bushes and tree limbs will let the sun inside and showcase the exterior of your home. 3) Mow diagonally and edge lawn along driveway / sidewalks: Artfully manicured lawns are edged and tell buyers you pay attention to small details. Diagonally mowed lawns make your yard appear larger. 4) Transplant tulips and daffodils or buy flowers in contai