Sales were strong in November with 6,510 existing home sales, down 13% from 7,446 sales in November last year. New listings were also down 13%. In a nutshell, people are still buying and selling homes, prices are steady with prices generally increasing however slightly. The GTA continues to be a popular place to live!
On a month-over-month basis, the seasonally adjusted annual rate ...
Posted by Robert Atkinson
on December 16, 2010
If you're selling your house, one of the first steps you'll take is setting an asking price, a task that requires the ability to find the perfect balance between attracting solid offers and ultimately receiving top dollar.
If you're working with a Realtor, you'll probably hear talk of fair market value, which typically means the highest value an educated buyer will pay. Fair market value is usually ...
Posted by Robert Atkinson
on October 24, 2010
Last year no one wanted to talk about the market as the focus was on jobs and economy. For those who were looking for a bargain 2009 was the year to sell and buy or just buy. This year, many of the folks who bought last year in the dip sold this year and made a very nice profit, very nice indeed!
This year started off with a bang as many buyers flocked to the market looking for home, ...
Posted by Robert Atkinson
on June 10, 2010
Economists are predicting the current activity in housing to slow down. This means home prices will stabilize as the demand begings to balance with the availability.
See this attached story from the Toronto Sun.
Last year’s comeback for Canada’s housing market will carry through early 2010 but subdued activity is on the horizon as higher prices and interest rates make property ...
Posted by Robert Atkinson
on March 26, 2010
Canada's real estate market is changing faster than ever before. Depending on your province, city - and sometimes even your street - real estate prices may have dropped, increased or remained stable over the past few months.
Due to this variance, real estate sales representatives like to remind folks that all real esate is local and that the national trends you hear in the news can often be ...
Posted by Robert Atkinson
on January 26, 2010
Everyone is interested in real estate, even if they're not buying or selling. Lately one of the most common questions I get is "Is the market still slow?" I find this really interesting as the market is really quite strong right now!
Most homes are selling within a week and often with multiple offers. There are a number of factors at play as to why this is happening and it's best ...
Posted by Robert Atkinson
on January 2, 2010
October 5, 2009 -- In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year. “We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,” said TREB President ...
Posted by Robert Atkinson
on October 8, 2009
In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories ...
Posted by Robert Atkinson
on September 10, 2009
We all know about the goverments offer where qualified home buyers can use a generous portion of their RRSP money to buy a home but there is a 2nd program available.
The Home Buyers Tax Credit allows qualified home buyers to claim up to $750 in tax credit relief. While it may not sounds like a lot to many, this amount could potentially cover your legal fee's. I don't know about you ...
Posted by Robert Atkinson
on May 15, 2009
Bank of Canada dropped the prime lending rate 0.25% and the banks followed. Further assurances were given that the rates are expected to remain low into 2010.
Prices have become more affordable and we are seeing an increase in home sales above what is typical of the spring market. This means that 'serious' buyers are moving fast to scoop the better homes as soon as they hit the market, ...
Posted by Robert Atkinson
on April 23, 2009