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TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009.er of monthly sales was well above the expected long-term trend. Accordingly, it makes sense that the number of transactions has dipped over the past few months in comparison to last year’s record results,” said Toronto Real Estate Board President Bill Johnston. The average price for August mid-month transactions was $412,934 – up eight per cent compared to the average of $383,796 recorded during the first 14 days of August 2009.
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TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009. “Throughout the better part of the last year, the number of monthly sales was well above the expected long-term trend. Accordingly, it makes sense that the number of transactions has dipped over the past few months in comparison to last year’s record results,” said Toronto Real Estate Board President Bill Johnston. The average price for August mid-month transactions was $412,934 – up eight per cent compared to the average of $383,796 recorded during the first 14 days of August 2009
Call or email Natalie Korchuk for the latest Market Watch Updates or If you like to purchase or evaluate your home! nataliekorchuk@gmail.com
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Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002. "The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring," said Toronto Real Estate Board (TREB) President Bill Johnston. Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009. Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253. "Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price," said Jason Mercer, TREB's Senior Manager of Market Analysis. MEDIAN PRICE
In July, the median price was $361,000, from the $339,900 recorded during July of 2009.
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Centrally Located -King
• 1 bath, 3 bdrm single story - $1,600 CAD Monthly - Short Walk to GO Keele/King, King City - Short walk to Go station and downtown King. Available immediatelly.
Please contact. Property information
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Keele/King, King City - Announcing a house for rent/lease at Keele/ King Rd, a 1 bath, 3 bdrm single story. Now $1,600 CAD Monthly - Short Walk to GO. Property information
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Fantastic Lot!
• 1 bath, 3 bdrm bungalow - $1,600 CAD Monthly - Location! Location! Keele/King, King City - Specious and clean 3 bdrm bungalow for lease available immediately.
Utilities are separate. Beautiful Backyard with apple trees and lots of space to play for kids or entertain friends. Walking Distance to GO and downtown King City.
Please enquire. Property information
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July 9, 2010 -- As of July 1st, the new Harmonized Sales Tax (HST) will be in effect and Ontario consumers will be hard-pressed to avoid this so called “tax on everything”. While that less than flattering nick name for the HST may be pretty close to the truth, it’s not completely accurate, especially when it comes to real estate, where the HST applies differently depending on the type of real estate, whether it is resale housing, newly constructed housing, or business properties. Anyone who has ever purchased a home or has considered purchasing a home knows that budgeting for taxes is an important part of determining what they can afford. Whether it is the on-going cost of property taxes, or the upfront cost of land transfer taxes, the cost of taxes on housing can add up. With that in mind, one of the most important things to know about the HST is that, fortunately, it will not increase the tax burden on the purchase price for homebuyers who purchase resale housing. That’s because resale housing, which was never subject to Provincial Sales Tax (PST) or the federal Goods and Services Tax, will continue to be exempt from both taxes once they are combined under the HST. The same is not true for newly constructed homes, which will be hit with additional tax under the HST. Newly constructed housing has always been subject to the GST, meaning thousands of dollars of tax for home buyers choosing this option. Now, with the HST, new housing will also be subject to PST, meaning thousands of dollars in added costs for home buyers of new housing. There is a silver lining for new housing: the provincial government provides a rebate of 75 per cent of the PST on the first $400,000 of a newly constructed home, or a maximum of $24,000. For example, someone purchasing a new home priced at $500,000 would face $40,000 in additional tax from the provincial portion of the HST, which would be reduced to $16,000 with the rebate. Obviously, the rebate softens the blow, but an extra $16,000 of tax for a newly constructed home is nothing to laugh at. Fortunately, home buyers choosing to purchase a resale home don’t have to worry about paying HST on the price of their home. That’s money that they can keep in their pocket, or use to keep their mortgage costs down. This article is re-printed from TREB President's Toronto Star Column
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TORONTO, JULY 6, 2010 ‐ Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009. “We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year,” said newly elected Toronto Real Estate Board President Bill Johnston. “The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates.” The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.
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Huge Lot/ Quiet Setting !
• 3 bath, 3 bdrm 3-level split -  MLS® $415,000 - Renov'd Home/Det.Garage ! Bond Head, Bradford West Gwillimbury - GORGEOUS 3+1Bdrm Renovated Home Just Mins To Bradford/Hwys 400 & 27. Close to all amenities; fastest in GTA growing Bradford.
21x31 Ft Garage&Workshop (60 Apm& 2 Outlets240/30Amp, Insul. &Heated).
Ideal for contracting, home based business, and just for pleasure. Everything at your doorsteps. Bring your boat and park at driveway; 9 car parking.
Sun-Filled Open Concept Floor Pln, Eat-In FamilySize Kitchen Overlooking Bckyard, W/O To Deck. Hrdwd Flrs’2010 Throughout. 2Family Rooms Both W/ FirePlaces. Wdws’05; Bay Window. Updated Wsrms’09; Landscaping. Huge Lot 90x125.No Neighbours at the Bckyrd. 9 Fruit Trees. Quiet Setting W/Spectacular Views & Close To Amenities! Shows 10++ To Book appointment Call Natalie Now! Watch Virtual Tour at agent's web site.
Extras:Washer’05,Dryer’05, Stove’05, Fridge’08, B/I Dishwasher. WaterSoftener, Water FiltrationSyst.’09; Furnace’05.Elf’s on Deck.
Property information
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Note that this information is outdated. Market Watch Report is updated regularly at www.condoandhome.ca May 5, 2010 -- Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase. Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.
“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said TREB President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”
The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.
“Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”
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PERFECT BED
‘WHEN we put our house up for sale, I stressed emphatically that my sons make their beds each morning. I left for work before they left for school, and I wanted to be sure that the house looked presentable when the agent showed it to prospective buyers. I was surprised and impressed that my 15-year-old son's bed was made perfectly each day. One night when I went into his room, I discovered his secret he was fast asleep on the floor in his sleeping bag.’ WIFE or MISTRESS ‘A doctor, a lawyer and a real estate agent were discussing the relative merits of having a wife or a mistress.
The lawyer says: "For sure a mistress is better. If you have a wife and want a divorce, it causes all sorts of legal problems."
The doctor says: "It's better to have a wife because the sense of security lowers your stress and is good for your health."
The real estate agent says: "You're both wrong. It's best to have both so that when the wife thinks you're with the mistress and the mistress thinks you're with your wife -- you can go and sell some homes.’ OWNER TO A HOUSE HUNTER ‘Yes, the kitchen is a bit small, but with a mortgage like this you won't do much cooking anyway.’
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Maint.Fee Incl. Utilities
• 1 bath, 1 bdrm apartment - $295,000 - LOCATION! LOCATION! Yonge/Finch, North York - Rarely Available 1 Bedroom Plus Solarium in Prime Location. Steps To Finch Subway Station, Go Transit, Yrt, Viva, High Demand Schools And Shopping Amenities. Big Den Is A Seperate Room With Glass Door & Built-In Closet Used As 2nd Bedroom. Maint.Fee Is Low & Incl. Utilities.
Call for Details! Property information
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Bradford, Bradford West Gwillimbury - The 2 story at 8-Hudson Cres has been sold. Property information
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| Beautiful Renovated 3Bdrm Townhouse In High Demand Area. Steps To All Amenities. Loaded W/Upgrades:Extend.Cupboards, Granite Counter, Limestone In Ktchen; Hardwd Flrs & Moulded Ceiling Throut; W/O To Yard, Direct Access Fr Garage, Oversized Master Bdrm W/Ensuite & W/O To Balcony. Custom Draperies, Stainless Steel Appliances; Closet Organizers. Too Many Upgrades To List. Come To See! Won't Last. | | Extras: S/S Fridge & Stove; Bosche B/I Dishwasher, Washer & Dryer, All Elfs; All Window Coverings, Cac, Cvac, Humidifier. |
www.condoandhome.ca
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GTA REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
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