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November 2009

GTA Sales Up 64%, Prices Up 20% over Oct 08
The real estate market does better than recover as we approach record sales for 2009. The upper end of the market is coming back ... read more
Market Watch - November 2009
Housing Market has Clearly Turned a Corner
Once again we saw record-setting sales numbers for the month of October. This brings the year-to-date sales close to, or even higher than, the same period last year. Strong sales growth has occurred across many property classes from price ranges that... ... read more
Real Estate Agent Duties: What to Expect from Your Agent
Buying or selling real estate is a complex and lengthy process. It is therefore wise to enlist the help of a real estate agent. A real estate agent can provide many useful services and work with you in different ways. ... read more
Mortgage Talk: Low Interest Rates and the Current Real Estate Market
Record-low borrowing costs combined with the growing realization that the economic storm is passing have fuelled the remarkable recovery of the real estate market in Canada. However, it is important to understand some of the issues that have surfaced... ... read more
How to Organize Your Home Office for Success
Whether you use your home office to run a full-time business or just as a quiet place to catch up on work outside of your normal workplace; you should have it set up so that you are able to function efficiently and effectively. ... read more
Condominium or House: Which is Right for You?
For some people, a condominium lifestyle is the only way to live, no lawn maintenance, a pool and tennis court, and extra security features you might not have in a single-family home. Other people simply can’t breathe in a condo because the neighbours... ... read more
 

With Compliments of

Semone Duerr
Sales Representative


Re/Max Hallmark, ltd., Brokerage
2237 Queen St E
Toronto, ON, M1E 1G1
T: 416 699 9292
D: cell: 416 566 6050
homes@GreatTorontoHomes.com
www.GreatTorontoHomes.com

Hi:

Sales and Listings Lower, Prices Up 

July,  2010 -- July's sales dipped 34% from July, 09 and listings were the lowest since 2002.  However, year-to-date sales were up 12% from the same period. Average  price was up 12% from a year ago to $432,253. Read the Complete TREB MarketWatch.

“Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price,” said TREB.

Despite this, I have noticed a significant upswing in buyers' interest and expect a very busy post-Labour Day season. Rates are low and expected to remain low with the sluggish economy, the HST has gone through and has minimal impact on the existing housing market. Fewer listings will mean more competition amoung potential buyers for a smaller stock of available homes.

Upper Beach Reno

We're down to the painting on our reno project. We're on track for Open Houses the weekend after Labour Day. See my website for daily videos of the construction.



NATIONAL MORTGAGE RATES
Term Posted
Rates*		 Best
Rates*
6 Month 4.55%  3.95%
1 Year 3.50% 2.45%
2 Year 3.90% 2.80%
3 Year 4.45% 3.35%
4 Year 5.05% 3.80%
5 Year  5.40% 4.00%
7 Year 6.20% 4.80%
10 Year  6.50% 5.20%
Variable Rate 3.25%
Prime Rate  2.75%
* last updated: Aug 30, 2010


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