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Showing posts from September, 2010

Looking For Extra Large Space?

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Just Listed

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GTA REALTORS Report Mid-Month Resale Housing Figures

September 16, 2010 -- Greater Toronto REALTORS reported 2,623 sales through the Multiple Listing Service (MLS) during the first two weeks of September 2010. This represented a 22 per cent decrease compared to the 3,361 sales recorded during the same period in 2009. “Sales remain below the record pace we experienced in the second half of 2009. The prospect of higher interest rates and new mortgage lending guidelines resulted in higher than normal sales in the first few months of the year. To balance this out, the pace of sales has slowed in the second half,” said Toronto Real Estate Board President Bill Johnston. “It is important to note that year-to-date sales remain above the number reported through the same period last year,: added Johnston. The average price for September mid-month transactions was $412,367 – up 5% compared to the average of $393,818 recorded during the first 14 days of September 2009. “Under current lending standards, the average selling price is affordable for

TREB: Energy efficiency for all homes, new and old

Toronto Star Column --September 10, 2010 -- Bill Johnston, President of the Toronto Real Estate Board. When it comes to character, you just can't beat the charm of an older home. Newly constructed homes however, come with their own unique assets, one of the most noteworthy of which is energy efficiency.From the roof to the foundation, a number of innovative building practices often go into constructing today's greenest homes.Roof shingles for example, are now available in recycled materials. Environmentally friendly spray foam insulation, which can help prevent dampness, keep out pollutants and contribute to structural strength, is even partially made with recycled materials.Roofs, walls and floors can be insulated as well with special structural panels that consist of two layers of board with insulating foam in between them. The forms that are used to mould a home's poured concrete foundation can now also be found with insulating ability, and barriers that prevent dampness

No Bubble to Burst

National Post Column --September 11, 2010 -- Bill Johnston, President of the Toronto Real Estate Board. In August, there were 6,232 Multiple Listing Service® (MLS®) transactions through the Toronto Real Estate Board, which represented a 22 per cent decline compared to August of 2009. The average price for these transactions was $411,012 – up six per cent compared to last year. Through the first eight months of the year, sales were up by eight per cent and the average selling price was up by 11 per cent compared to the January to August period in 2009.Since May, sales have been lower than last year's results. At the same time, the average selling price has continued to grow. This has led some individuals and organizations to suggest that a housing price bubble has emerged and that it is ready to pop at any time. An oft cited argument goes something like this:"Average selling prices have been rising above the rate of inflation for the better part of the last decade, so we shou

TREB MLS New Listings August 2010

TREB MLS -- Average Price Monthly Time Series with Trend Line

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

TREB MLS SALES --August 2010

August Sales and New Listings Down, Prices Up

September 3, 2010 -- Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488."The prospect of interest rate hikes and new mortgage lending rules prompted some households to purchase a home sooner than they otherwise would have this year. The result has been a larger than normal dip in sales over the summer months. With this said, it is important to recognize that sales on the year were eight per cent higher than in 2009," said Toronto Real Estate Board President Bill Johnston.The average price for August transactions was $411,012 – up six per cent compared to the average of $387,921 reported in August 2009."Market conditions have remained tight enough to support higher home prices in comparison to last year. Under current mortgage lending standards,

Green Living - How to Avoid and Repel Mosquitoes Naturally

Nothing ruins a lovely summer evening faster than being attacked by hungry mosquitoes. With the arrival of the West Nile Virus, mosquitoes have become a dangerous insect for the first time in many years. The best defense against mosquitoes is to avoid being bit. Understanding what attracts mosquitoes is as important as understanding what repels them. Here are some tips for controlling mosquitoes around your home without pesticides or other dangerous chemicals. Destroy the mosquitoes habitat Most mosquitoes will breed in any still fresh or salty water. They are also likely to breed in salt marshes, woodland pools and some plants. Mosquitoes can also enter a geographical area by traveling a distance being carried by the wind. The first step you should take is to examine your yard thoroughly a day or two after a heavy rainfall, looking for areas with standing water that might harbour mosquito larvae. Not all of these areas will be natural—in fact, some mosquitoes show a decided preference

First-Time Home Buyers Tax Credit (HBTC)

The First-Time Home Buyers Tax Credit (HBTC) is one of the measures provided by the federal government in 2009 to encourage investment in Canadian housing. For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date). The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. For 2009, the credit was $750. Each year, the credit is recalculated, so it may be higher or lower than previous years. How do you qualify for the tax credit? You, and anyone you purchase the home with, must be considered a first time home buyer to be eligible for the tax credit. The home must be used as your principal residence, and if you purchase with your spouse, common-law partner, or even a friend, then either one of you can claim the credit (or share it). However, the combine