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Showing posts from June, 2010

GTA REALTORS Report Mid- Month Resale Housing Figures - June 2010

TORONTO JUNE 16, 2010 – Greater Toronto REALTORS reported 4,139 sales through the MLS during the first two weeks of June 2010. This represented a 20 percent decrease compared to the 5,185 sales recorded during the same period in 2009. New listings increased by 21 per cent annually to 7,985. “The pace of existing home sales in the GTA has slowed to more normal levels following a record-setting start to 2010,” said Toronto Real Estate Board President Tom Lebour. “Due to higher mortgage carrying costs, sales in the second half of 2010 will not be as high as what was experienced during the last six months of 2009.” The average price for June mid-month transactions was $437,039 – up seven per cent compared to the average of $407,716 recorded during the first 14 days of June 2009. “The seller’s market conditions experienced during the first few months of the year have given way to more balanced conditions. Home buyers are experiencing more choice,” said Jason Mercer, TREB’s Senior Manager of

Today's Most Desirable Home Features

Housing trends and styles are changing constantly. Today, more than ever, buyers have a strong sense of what they want in a home. Today’s desirable home features depend greatly on the type of buyer. Buyers can be divided into two main groups. The first group are first-time buyers which is pretty self-explanatory. The second group are the move up buyers, which are looking to move into a home that addresses the shortcomings of their existing home. They aren't necessarily second-time buyers but they are often people that have out grown their current home. Buyer age is also a main factor in deciding the desired home features. This article focuses on what is hot in the housing market today. Whether you are planning on renovating, selling, or you are looking for a new home, this information will help you make choices that will contribute to both your real estate enjoyment and investment. Home Exterior Today, stone and stucco are very popular choices. Brick is the standard material used

TREB MLS New Listings--May 2010

TREB MLS -- AVERAGE Resale Home Price--May 2010

TREB MLS --Sales--May 2010

GTA REALTORS Report Monthly Resale Housing Figures

Toronto, June 3, 2010- Greater Toronto Realtors reported 9,470 sales through the MLS System in May, representing a one percent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record. "The pace of transactions slowed in May following record-setting sales in February, March and April," said Tom Lebour, President TREB. "Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes". New listings were up 38% annually to 18,940. The average price for May transactions was $446,593 - up 13 % compared to the average of $395,609 recorded in May 2009. "The gap between listings and sales has widened, which means there is more choice for buyers," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.

Summer Maintenance Recommendation from Adam Marzec- Certified Home Inspector

Monitor basement humidity and avoid relative humidity levels above 40 per cent. Use a dehumidifier to maintain safe relative humidity. Clean or replace air conditioning filter, and wash or replace ventilation system filters if necessary. Check basement pipes for condensation or dripping, and take corrective action, for example, reduce humidity and or insulate cold water pipes. Check the basement floor drain to ensure the trap contains water. Refill with water if necessary. If you have a plumbing fixture that is not used frequently, for example, a laundry tub or spare bathroom sink, tub or shower stall, run some water briefly to keep water in the trap. Deep clean carpets and rugs. Vacuum bathroom fan grille. Disconnect the duct connected to the dryer and vacuum lint from duct, the areas surrounding your clothes dryer and your dryer’s vent hood outside. Check security of all guardrails and handrails. Check smooth functioning of all windows and lubricate as required. Inspect window putty
June1, 2010(Reuters) - The Bank of Canada raised its key interest rate on Tuesday, the first G7 industrialized economy to do so after the global recession, but said the European debt crisis made its next move highly unpredictable. The rate hike, to 0.5 percent from 0.25 percent, is a response to two quarters of extraordinarily strong growth at home. But the bank cautioned investors against betting on an uninterrupted tightening campaign, due to the euro zone fiscal problems and an uneven global recovery. "Given the considerable uncertainty surrounding the outlook, any further reduction of monetary stimulus would have to be weighed carefully against domestic and global economic developments," the central bank said in a statement. The rate hike itself was widely expected. In a Reuters poll of 40 analysts, 32 had forecast a quarter-point rate hike. "No surprise in the decision but the tone was slightly more dovish than we or the markets had anticipated," said Millan Mu