GTA REALTORS® Report Mid-Month Resale Housing Figures

“Under current lending standards, the average selling price is affordable for a household

earning the average income in the GTA. The annual price growth we have been

experiencing has been justified by this positive affordability picture,” said Jason Mercer,

TREB’s Senior Manager of Market Analysis.

What affordability means is that people are still able to buy and maintain homes, therefore the risk of a housing bubble caused by mortgage defaults is low.  With a reported 5% increase to $412,367 in GTA average home price over this time last year, and a lower number of sales and listings, the market data is showing that home buyers and sellers are being prudent and are doing a good job in making housing decisions.

For the full report visit Toronto Real Estate Board - Mid month resale housing figures.

Buyer Representation Agreement: Message from Tom Lebour 2009-2010 TREB P...

When it comes to just about every kind of contract, signing on the dotted line makes us all a little bit nervous. When selling a home, most people are aware they can sign a Listing Agreement with a REALTOR®. There is, however, an agreement that REALTORS® ask their home-buying clients to sign. It's an agreement that works in favour of buyers, guaranteeing the very best in real estate service.

This Month in Real Estate (Canada) : September 2010

New Mississauga condo construction on the rise

Coming soon! Pinnacle Grand Park. Phase 1,  A 28 storey condominium at the corner of Burnhamthorpe Road W and Grand Park Drive in Mississauga. 
The sales office w ill be ready soon on the site of the building, and as we all know, the first sales event is usually for REALTORS® and their clients, and guess what?! I WILL BE THERE. This is the best time to get in on the project if you're looking for the best pricing, this is when builder are motivated to sell as many units as possible to get their project on the go, and as soon as the foundation of the structure is completed prices go up and keep going up from there.
The sales office will be open to the public, only after the REALTORS® sales event.  Contact me if you want to invest in this project.

Photo courtesy of Jasonzed of UT

This Month in Real Estate (Canada) : July 2010

Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate.

This Month in Real Estate (Canada) : June 2010

This Month in Real Estate looks at the possibility of rising interest rates -- and why it might be a good time to lock-in rates for longer terms.

 

This Month in Real Estate (Canada) : April 2010

This Month in Real Estate looks at a reversal of the 50-year trend toward larger homes -- and how buyers looking to move up to a bigger home can take advantage of the new trend

This Month in Real Estate (Canada) : March 2010

Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate.

This Month In Real Estate (Canada): January 2010

Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate.