GTA sales down 35%; Toronto down 38% Toronto Real Estate Board Members reported 5,155 sales in October, down 35 per cent from the 7,915 sales reported in October of 2007, and also down 25 per cent from the 6,876 sales reported during October 2006. Within the City of Toronto, 2,136 sales were recorded. This was down 38 per cent from the 3,455 sales recorded in October of last year. In the 905 suburbs, ...
Posted by Sean Kavanagh
on November 13, 2008
Burlington, Ontario: Although I reported last month that Burlington was holding steady in most categories, it seems the region is finally showing a downward turn and with increased inventory and decreasing prices, the market has shifted in favour of the buyer. Average prices were $368,268 in October 2007 to $322,088 in October 2008 representing a 12.5% fall from this time last year. There was also ...
Posted by Sean Kavanagh
on November 13, 2008
Oakville, Ontario: If you were ever looking for the right time to buy in Oakville, don't wait any longer as now is the time. With decreased prices and a large inventory of properties, this market has turned into a buyers dream! Average housing prices in Oakville have dropped from $541,683 in October 2007 to $461,882 in October 2008 representing a 14.7% decrease. Prices have also dropped from $495,121 ...
Posted by Sean Kavanagh
on November 13, 2008
Come visit us at 2240 Greening Lane on Saturday, November 8th between 2:00pm and 4:00pm to view this Bronte Woods beauty! 3 bedroom, 3 bathroom freehold townhouse located near Appleby Line and Upper Middle Road. Ensuite bathroom, single car garage, main floor laundry and eat-in kitchen. Get there early as the recent price drop will have it sold quickly! For more information on this great property, ...
Posted by Sean Kavanagh
on November 4, 2008
Come visit us at 4177 Rawlins Common on Sunday, November 2nd between 2:00pm and 4:00pm to view this North Burlington beauty! 3 bedroom, 3 bathroom freehold, end unit townhouse located just off Dundas street between Walkers Line and Appleby. Get there early as the recent price drop will have it sold quickly! For more information on this great property, call me at 905-220-9198 or send me ...
Posted by Sean Kavanagh
on November 1, 2008
The number of properties listed in some of Canada's major markets was down this quarter. This shift can be interpreted as a shift towards a more balanced sales-to-new-listings ratio. To achieve what would be considered a "balanced market", we look for the number of sales to equate to the number of houses put on the market for sale. Calgary, Edmonton, Vancouver and Montreal have all shown slight ...
Posted by Sean Kavanagh
on October 29, 2008
Shopping for your new home should be an exciting, enjoyable and relatively stress free experience. I have listed some tips on what to look for when you begin your search.
• Talk to your bank or mortgage broker before you begin so you can focus on what is a realistic option for you. Once your financial boundaries are established, it makes the search much easier.• Always consider your proximity to ...
Posted by Sean Kavanagh
on September 24, 2008