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Showing posts from March, 2011

Select the right neighbourhood

Toronto SUN Column March 11, 2011 -- Bill Johnston, President of the Toronto Real Estate Board. The process of buying a home involves many crucial decisions and few are as important as the location you choose. Identifying a great neighbourhood before it becomes well known can make an already solid investment even more lucrative in the long term, but with gentrification well underway throughout the majority of Toronto, spotting such opportunities can be challenging. With the help of a Greater Toronto REALTOR® though, you'll find that there are a number of neighbourhoods throughout the city that offer modest prices and their own unique flare. If for example, you've always wished for a little place near the water, Lakeshore Village, located along Lakeshore Boulevard West between Kipling and Islington, could be the right neighbourhood for you. Featuring property near the waterfront, this area may lack a bustling boardwalk but it does include its share of parkland. Many of the stree

Average Selling Price Up in February 2011

March 3, 2011 -- Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010. While not representing a record, February 2011 sales were 50 per cent higher than the number reported in February 2009 during the recession and slightly higher than the average February sales over the previous ten years. "Continued improvement in the GTA economy, including growth in jobs and incomes and a declining unemployment rate, has kept the demand for ownership housing strong," said Toronto Real Estate Board (TREB) President Bill Johnston. The average selling price for February 2011 transactions was $454,423, which was more than five per cent higher than the average selling price reported in February 2010. "Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth," said Jason Mercer, TRE

TREB MLS -- AVERAGE Resale Home Price -- February 2011

TREB MLS Sales To New Listings Ratio -- February 2011

TREB MLS New Listings --- February 2011

TREB MLS SALES--February 2011