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James Metcalfe’s May Real Estate Update

May has been a busy month with some crazy weather. The housing market saw a slight decline in April and a slight rise in the average cost of housing. April saw a slight 2% decline in sales which may be a result of stricter mortgage lending guidelines. The average price of a resale home in the GTA in April was $526,335 which represented a 2% increase versus April 2012. This could mean that price growth in the back half of 2013 may be stronger than originally thought.

This month’s newsletter also features a brand new research tool that is now available to hone buyers. Available to every municipality in Canada, these new home history reports include information on local school rankings, local demographics and insurance claim records for the neighbourhood, among other things. They are published and sold by Teranet which covers land registration and title search services for the province of Ontario.

In this month’s Trendy Corner find out how to design a kitchen. Some of the major questions that you should be asking include: What are your general preferences? Do you need more than one sink? Do you prefer gas, electric or a combination? Do you need a pantry for extra storage? A kitchen can be an expensive and time consuming design process. This month’s kitchen checklist will help make those decisions a little bit easier.

As always our ever popular “Pearls of Wisdom” returns. Here is a preview: “If love is the answer, could you please rephrase the question.”- Lily Tomlin

James Metcalfe’s May Real Estate Update from James Metcalfe

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James Metcalfe’s Real Estate Update March 2012 … in #OurHomeToronto

Here is our March Real Estate Update for Our Home Toronto: You will note Average February prices broke $500K, an interesting article Condo Tenant obligations, Electric Hydro Meters and Smart Meters, 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 November 2011 … in #OurHomeToronto

Here is our November  Real Estate Market Update for Our Home Toronto: You will note Brisk Market continues through October, House -Security-Smart, Condo Corner – Fees, FINTRAC – Money Laundering 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 

View more documents from James Metcalfe.

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Market Trends / July / Toronto Real Estate Board

The charts are in … Year to date home sales in numbers and dollars in Toronto are up. Yes July was down some 35% over last July but when compared to July 2008 (a more relevant comparison) all is even. Our Toronto Real Estate market is somewhat insulated from other Canadian and World markets. Demand is still very strong for land, homes and condos in OurHomeToronto. We are in a balanced market with both buyers and sellers / supply and demand even. Pundits are forecasting an active Fall with more listings coming to market.  Mortgage brokers and financial institutions indicate  that Fall interest rates will remain very attractive and may even go down slightly.
Buying or Selling this Fall is a good time to come to market.

These statistics come directly from the Toronto Real Estate Board every month for your convenience.

Thank you for subscribing … Jim

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