Jason Walker Real Estate in Toronto

January 6, 2011 -- Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009. "Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term," said TREB President Bill Johnston. "New Federal Government-mandated mortgage lending guidelines, higher borrowing costs and misconceptions about the HST caused a pause in home buying in the summer. As it became clear that the HST was not applicable to the sale price of an existing home and buyers realized that home ownership remained affordable, market conditions improved," continued Johnston. The average home selling price in 2010 was $431,463 – up nine per cent in comparison to the 2009 average selling pr...

TORONTO, December 16, 2010 – Greater Toronto REALTORS reported 2,509 sales through the MLS during the first two weeks of December 2010. This represented a 19 percent decrease compared to the 3,079 sales recorded during the same period in December 2009. Year-to-date sales amounted to 84,316 – down one percent from the 2009 total of 84,888. “While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010 will be the third highest on record,” said TREB President Bill Johnston. The average price for December mid-month transactions was $435,225 – up three percent compared to the average of $423,103 recorded during the first 14 days of December 2009. “Market conditions remain tight enough to support moderate growth in the average selling price. Expect the three percent annual rate of growth reported for the first two weeks of December to be the norm in 2011,” said Jason Mercer, TREB’s Senior Manager of Market An...