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