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Archive for the 'Market Stats & Trends' Category

James Metcalfe’s Market Update September 2011 … in #OurHomeToronto

Here is our September Real Estate Update for Our Home Toronto: You will note August home sales up 24% vs LY and prices up 10% vs LY, Personal Finances – Mortgage Options, Legaly Speaking – Closing Check List and the ever popular Pearls of Wisdom … Enjoy and do let us know if you would like to receive this update by email.

For loads of Listings and free information on buying or selling  Visit OurHomeToronto

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James Metcalfe’s Real Estate Update August 2011 … in #OurHomeToronto

Here is our August Real Estate Update for Our Home Toronto: You will note July home sales up 23% vs LY and prices up 10% vs LYCondo Corner – Pets,  House Smart – Painting Tips, Green Initiatives, and the ever popular Pearls of Wisdom … Enjoy and do let us know if you would like to receive this update by email.

For loads of Listings and free information on buying or selling  Visit OurHomeToronto

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James Metcalfe’s Real Estate Update June 2011 … in #OurHomeToronto

Here is our June Real Estate Update for Our Home Toronto: You will note our Strong Spring Market continues with sales up 6% vs LY and prices up 9% vs LY, an interesting article on Personal FinancesPre approval for best rates and terms, House Smart – Air Conditioning options, First time Buyers Tax Credits to AC Ontario rebate programs, and the ever popular Pearls of Wisdom … Enjoy and do let us know if you would like to receive this update by email.

For loads of Listings and free information on buying or selling  Visit OurHomeToronto

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Toronto Home Prices Up in May … Buyers pay more with less choice

Sales and Price Increase in May

June 3, 2011 — Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year.

“Positive economic news and low borrowing costs led to strong sales through the first five months of the year, including the increase in May,” said Toronto Real Estate Board President Bill Johnston. “At the same time, the market has become much tighter compared to last year, due to a substantial dip in new listings.”

Homes were on the market for an average of 23 days and sold for an average price of $485,520– up nine per cent compared to $446,593 in May 2010. The strongest rate of price growth was experienced for single-detached homes sold in the City of Toronto.

“We have seen clear-cut seller’s market conditions emerge over the past two to three months,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “The robust price appreciation that we have seen will hopefully prompt more households to list, resulting in a more balanced market later this year,” continued Mercer.

Median Price
In May, the median price was $400,000, from the $376,750 recorded during May of 2010.

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Toronto Home Sales: Second Best March on Record

Second Best March on Record

April 5, 2011 — Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.

“The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

“Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Median Price
In March, the median price was $385,000, from the $370,000 recorded during March of 2010. Visit http://www.OurHomeToronto.com to search for your next HOME

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Average Toronto Housing Prices Up in February

Average Selling Price Up in February

March 3, 2011 — Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010.

While not representing a record, February 2011 sales were 50 per cent higher than the number reported in February 2009 during the recession and slightly higher than the average February sales over the previous ten years.

“Continued improvement in the GTA economy, including growth in jobs and incomes and a declining unemployment rate, has kept the demand for ownership housing strong,” said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for February 2011 transactions was $454,423, which was more than five per cent higher than the average selling price reported in February 2010.

“Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Median Price
Median Price In February, the median price was $379,000, from the $366,300 recorded during February of 2010.

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