The Real Estate Confidence Index



Market Watch


Real Estate Market Report updated regularly.

 

September Rounds Out a Strong Third Quater 

October 5, 2011 -- Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.

"We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010. However, while sales have been strong, we have continued to experience a shortage of listings, resulting in more competition between home buyers," said Toronto Real Estate Board President Richard Silver.

"Over the past few months, the listing situation has started to improve, so we expect home buyers will have more homes to choose from in the months ahead." With annual growth in sales (+25 per cent) outstripping annual growth in new listings (+15 per cent) in September, market conditions became tighter and the average selling price continued to grow by close to 10 per cent on a year-over-year basis.

"Strong price growth through the first nine months of the year was mitigated to a great degree by low interest rates and rising incomes," said the Toronto Real Estate Board's Senior Manager of Market Analysis Jason Mercer. "As buyers continue to take advantage of the affordable home ownership options in the GTA, we remain on pace for the second best year for sales under the current TREB market area."
 

 
Follow Natalie's Next MARKET WATCH REPORT on November 6th, 2011
 
 
 
Contact Natalie Korchuk regarding buying or selling a home

Office: 905-507-4776

 
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Contact Natalie

Oleh and Natalie Korchuk
905-507-4776(Business)
647-500-6282(Cell)
647-277-1225(Fax)

30 Eglinton Ave W., Ste C12
Mississauga


Chronology of Home Inspection

 

General Chronology of the Home Inspection
 
1. Roofing
 
2. Water management issues (eavestroughs, grading, paint, etc.)
 
3. Overall inspection of the exterior components including the garage
                        At this point we are 30 minutes into the inspection, we do a quick summary and then head inside
                         
4. Electrical panel
 
5. Furnace/air conditioning
 
6. First pass through the basement is looking for water
 
7. Second pass is to inspect the structure and operate any plumbing and electrical in the basement
                        We are now 90 minutes into the inspection, we do a quick summary and then head up as high in the house as we can go
                         
8. This is the interior inspection. That is, looking at all of the doors, windows, floors, walls, ceilings, operate all of the plumbing, check the electrical throughout, examine fire places and exhaust fans. This is done in an organized fashion generally from top to bottom.
 
9. The last stop is the attic (some inspectors look at the attic when they first go upstairs).
 
After that, the inspector will take 30-45 minutes to fill out the report and then another 15 minutes to summarize with the client. Total time: 2 ½ to 3 hours – sometimes shorter (newer, small house), sometimes longer.
For more Info Call Natalie Korchuk, REALTOR

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