Toronto Area REALTORS® Report Mid-Month Resale Housing Figures
August 17th, 2010 categories: Buying in Toronto, Real Estate, Selling in Toronto
TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010.
This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009.
“Throughout the better part of the last year, the number of monthly sales was well above the expected long-term trend. Accordingly, it makes sense that the number of transactions has dipped over the past few months in comparison to last year’s record results,” said Toronto Real Estate Board President Bill Johnston. Read the rest of this entry »
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Toronto Realtors Housing Market Watch
August 5th, 2010 categories: Around TORONTO, Buying in Toronto, Downtown Toronto, Real Estate, Selling in Toronto, Toronto
Here is the most recent Toronto Real Estate Board’s Housing Market Watch. Lots of information here depending on the area that you live in. If you have any questions let me know.
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Need Help to Declutter and Downsize?
June 8th, 2010 categories: Downsizing, Lifestyle, Listings, Selling in Toronto
My friend and client Ann Christie has begun a great new business to help people “Declutter and Downsize”. I have known her for years and think this is a great service she is providing that all of us can use from time to time. I have no qualms at all in referring her to you. In fact, I may be calling her to help me attack my closets….doubt I will be wearing those pants with a 32 inch waist…unless they have elastic ….
Here is some information from Ann the Downsizing GURU! :
Has your home become overrun with clutter and you just don’t know how to deal with all the ‘stuff’ that you’ve collected? Don’t worry, there’s a new service in town designed specifically to help you with this dilemma – it’s called Declutter and Downsize. We offer a range of practical and effective services for home organization. Depending on your situation, we will help you organize your current home or manage the details involved in relocating. Read the rest of this entry »
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My 10,000 Foot View of the Market!
June 3rd, 2010 categories: Buying in Toronto, Real Estate, Selling in Toronto
The past two posts about the Real Estate Market from the Canadian Real Estate Association and The Toronto Real Estate Board have one common theme: the number of MLS listings has increased. My 10,000 foot view is this….it has a little to do with Mortgage Rates, HST and the economy and a lot to do with that old saw “The Baby Boom ”.
I know because FINTRAC (The Financial Transaction Act) has force Realtors to identify their Sellers and mine mostly seem to be empty-nesters who are moving to enjoy a new and different lifestyle. No they are not “cashing out”, they are moving ahead with new life plans. Read the rest of this entry »
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Canadian Real Estate Association Revises Resale Housing Forecast
June 3rd, 2010 categories: Buying in Toronto, Economy, Real Estate, Selling in Toronto
OTTAWA – June 2, 2010 – The Canadian Real Estate Association (CREA) has lowered its forecast for home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations. The revision reflects a weaker than expected start to the year in British Columbia, and recent developments that pulled forward the timing as to when sales are expected to ease in other provinces.
CREA’s previous national forecast was heavily influenced by British Columbia and Ontario forecast trends, and this remains the case in the revised forecast. While sales activity is unfolding as expected in Ontario, the decline in affordability in British Columbia impacted sales in the province during the first quarter.
Additionally, changes to mortgage regulations announced in February are expected to marginally impact activity. The changes prompted some homebuyers to finance their home purchase before the new regulations took effect in April, which pulled forward a number of sales that would have otherwise taken place at a later date. Read the rest of this entry »
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Toronto Area REALTORS® Report Monthly Resale Housing Figures
June 3rd, 2010 categories: Business, Buying in Toronto, Real Estate, Selling in Toronto
TORONTO, JUNE 3, 2010 ‐ Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.
“The pace of transactions slowed in May following record‐setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.” Read the rest of this entry »
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Greater Toronto Area REALTORS® Report Mid-Month Resale Housing Figures
May 19th, 2010 categories: Buying in Toronto, Downtown Toronto, Real Estate, Selling in Toronto
TORONTO, May 19, 2010 -
Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May.
This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059.
“The average household looking to purchase a home continued to benefit from affordable opportunities in the first half of May,” said Toronto Real Estate Board President Tom Lebour. “The number of done deals will remain high for the remainder of 2010, but will dip from record levels.” Read the rest of this entry »
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Toronto Real Estate Market: The View From My Desk!
May 18th, 2010 categories: Buying in Toronto, Downsizing, Downtown Toronto, Real Estate, Selling in Toronto
Daily I try to make sense of the Real Estate market. I read all the Google Alerts and RSS Feeds that appear that focus on the Housing Market. I talk to other Sales persons and the front of desk staff at the office, monitoring the showings and the activity at weekend Open Houses. The media will tell you that the “Real Estate Bubble” is about to burst. How many times have you heard that in the last 5 years?
Making sense of any market is difficult at the best of times but because of the lag time in reporting sales that are firm or sold conditionally, a chrystal ball can come in very handy….
Here is what I have noticed: Read the rest of this entry »
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April 5, 2010: “What’s happening in the Toronto Real Estate Market?”
April 5th, 2010 categories: Buying in Toronto, Cabbagetown, Real Estate, Toronto
When people ask me what a Blog is all about and what they should write about in their Blogs, I say`Just answer the questions that your clients ask you`. It should be your FAQ`s or `Frequently Asked Questions`.
Most of the questions asked of me deal with the Toronto Real Estate Market and how one can best profit from the seasonal changes that we see in the marketplace.
“What’s happening in the Toronto Real Estate Market?” is the most my often-asked question so here are some of my thoughts for April 5th, 2010:
- The March breaks have ended and both Easter and Passover are coming to an end…time to diet and also time to watch lots of product finally to come in to the Toronto Real Estate Market. Read the rest of this entry »
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The Problem with REALTORS.
December 23rd, 2009 categories: Business, Lifestyle, Real Estate, Selling in Toronto
Before I even “go there“…let me first say that I am speaking totally on my own behalf and not in any of the positions that I hold in organized Real Estate. This is just some of my ramblings that come in go in my mind and need a Blog outlet, so please bear with me.
I began in the business 30 years ago and when I say “the business” I am referring to Real Estate or any other service industry. We had all been trained to strive to be the best in our field. Success equates to the sale of property, a satisfied Buyer, Seller or both. Read the rest of this entry »
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