Sales and Price Increase in May
Greater Toronto REALTORS® reported 10,046 sales in May 2011 - up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year. "Positive economic news and low borrowing costs led to strong sales ...
Posted by Sara Kareer
on June 8, 2011
After finding the home of your dreams, the next decision you are likely to face is deciding what mortgage is better -- variable or fixed?
There was a recent article in The Star that addressed this very important decision -- click here to read the article.
If you have any questions, please feel free to contact me ... I have a team of Mortgage professionals ...
Posted by Sara Kareer
on May 11, 2011
Tight Market Results in Strong Price Growth in April
Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011.
This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous ...
Posted by Sara Kareer
on May 10, 2011
Second Best March on Record -- Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.
"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid ...
Posted by Sara Kareer
on April 7, 2011
Average Selling Price Up in February -- 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 ...
Posted by Sara Kareer
on March 7, 2011
Good Start to 2011 -- Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.
"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to ...
Posted by Sara Kareer
on February 9, 2011
Finance Minister Jim Flaherty unveiled three new changes this morning to mortgage lending rules:
* Mortgage amortization periods will be reduced to 30 years from 35 years on insured mortgage loans
* The maximum amount Canadians can borrow to refinance their owner occupied property will be lowered to 85 percent from 90 percent.
* The government will withdraw its insurance backing on lines ...
Posted by Sara Kareer
on January 17, 2011
Third Best Year for Existing Home Sales
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 ...
Posted by Sara Kareer
on January 10, 2011
Sales Strong in November
Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher ...
Posted by Sara Kareer
on December 9, 2010
October Price Growth Reflects Healthy Housing Market Conditions
Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. This represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to 75,582 – up one per cent compared to the January ...
Posted by Sara Kareer
on November 8, 2010