Thursday, December 30, 2010
Tuesday, October 5, 2010
Housing In The GTA Still Affordable!
Get the latest news and information from TREB
www.twitter.com/TREB_Official
www.facebook.com/TorontoRealEstateBoard
www.youtube.com/TREBChannel
For Media/Public Inquiries:
Mary Gallagher, Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
ON M3B 3N1
Office: (416) 443-8158
Email:maryg@trebnet.com
GTA REALTORS® Report Monthly Resale Housing Market Figures
TORONTO, October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales
through the Multiple Listing Service® (MLS®) in September 2010.
This represented a 23 per cent decrease compared to the 8,196 sales recorded
during the same period in 2009. Through the first nine months of the year, sales
amounted to 69,069 – up four per cent compared to the first three quarters of
2009.
“The level of sales in the second half of 2010 has been lower, representing a
balancing out period following record levels of sales in the latter half of 2009 and
first few months of 2010. We remain on track for one of the best years in history
for existing home transactions in the GTA,” said Toronto Real Estate Board
President Bill Johnston.
The average price for September transactions was $427,329– up five per cent
compared to the average of $406,877 reported in September 2009. The average
selling price through the first nine months of the year was $429,657.
“Resale homes in the GTA remain affordable,” said Jason Mercer, TREB’s Senior
Manager of Market Analysis.
“It is important to consider the positive impact of declining mortgage rates over
the past two decades. Simply considering home prices relative to incomes does
not allow for an accurate analysis of affordability,” continued Mercer. “The share
of average household income going toward a mortgage payment on the average
priced home in the GTA remains within accepted lending guidelines. This is why
the average home selling price has continued to grow.”
Housing charts continued…
NEWS RELEASE
www.twitter.com/TREB_Official
www.facebook.com/TorontoRealEstateBoard
www.youtube.com/TREBChannel
For Media/Public Inquiries:
Mary Gallagher, Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
ON M3B 3N1
Office: (416) 443-8158
Email:maryg@trebnet.com
GTA REALTORS® Report Monthly Resale Housing Market Figures
TORONTO, October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales
through the Multiple Listing Service® (MLS®) in September 2010.
This represented a 23 per cent decrease compared to the 8,196 sales recorded
during the same period in 2009. Through the first nine months of the year, sales
amounted to 69,069 – up four per cent compared to the first three quarters of
2009.
“The level of sales in the second half of 2010 has been lower, representing a
balancing out period following record levels of sales in the latter half of 2009 and
first few months of 2010. We remain on track for one of the best years in history
for existing home transactions in the GTA,” said Toronto Real Estate Board
President Bill Johnston.
The average price for September transactions was $427,329– up five per cent
compared to the average of $406,877 reported in September 2009. The average
selling price through the first nine months of the year was $429,657.
“Resale homes in the GTA remain affordable,” said Jason Mercer, TREB’s Senior
Manager of Market Analysis.
“It is important to consider the positive impact of declining mortgage rates over
the past two decades. Simply considering home prices relative to incomes does
not allow for an accurate analysis of affordability,” continued Mercer. “The share
of average household income going toward a mortgage payment on the average
priced home in the GTA remains within accepted lending guidelines. This is why
the average home selling price has continued to grow.”
Housing charts continued…
NEWS RELEASE
Wednesday, September 15, 2010
Friday, January 29, 2010
Buying or Selling- Start with the OREA Tips First
Buying or selling a home is a complex and often very emotional process. Just casually mention to family, friends and colleagues that you plan to buy or sell a property, and watch the advice pour in. Everyone has a story to tell: a great deal made and lost, a bargain that wasn't, the frustration of a price war, and so on.
Truth is that buying or selling a home is a major business transaction -- one of the biggest most of us ever make. It requires tremendous knowledge and experience and a clear understanding of the legal issues and potential pitfalls.
That's why it helps to use the services of a real estate professional who is a member of a real estate board. REALTORS® have the training, knowledge and experience to help you every step of the way -- from the moment you think about buying or selling, to the time when the business transaction has been finalized.
Whether you are just thinking about buying or selling, or have already enlisted the services of a real estate professional, the Ontario Real Estate Association's (OREA) has "tip" books that will help take the mystery out of a process often viewed as complicated and confusing. You can order free copies of How to Buy Your Home and How to Sell Your Home by calling OREA at 1-800-563-HOME.
Many of the books available on real estate buying and selling can be complex and confusing, assuming a lot more knowledge on the subject than most buyers or sellers, especially first-timers, possess.
But not these two handy and manageable guidebooks. Each is an easy-to-use, step-by-step guide that takes you through the process of buying or selling a home without a lot of confusion. The many terms used in real estate are explained in simple, easy-to-understand language.
Make no mistake, though. These two handy books can't replace the knowledge, skills and expertise of a REALTOR®. They will show you how to find and work with one, as well as with a lawyer and other professionals who will generally be part of your real estate team.
Both books take you through the real estate process step-by-step. You can read them cover-to-cover or just zero on certain topics. With their check lists, work sheets, loads of tips, hints and advice, these books can help ease the stress of buying or selling real estate.
Buying a home?How to Buy Your Home offers a lot of great advice for both first-time and repeat home buyers. You'll learn how to hire a REALTOR®, a lawyer and other professionals, how to shop for a mortgage and compare mortgage options after meeting with various bankers, and how to select a home inspector to thoroughly check out the home you plan to buy.
This book can help you estimate the price range that's right for you, especially if you are uncertain about how much you can afford to spend. If you are selling your current home to buy another, it discusses the advantages and disadvantages of buying or selling first.
You'll also learn how to work with a REALTOR® and other professionals, what additional costs to watch out for, how to close a deal and make a smooth move to your new home.
Selling a home?Whether you are selling a home for the first time or have done it before, How to Sell Your Home helps you assess your reasons for selling and discusses alternatives to consider such as refinancing and renovation.
You'll also learn about the cycles in the real estate market and the "seasonality" of home sales that may affect your decision on "when" to sell. For example, changing interest rates can affect market cycles; chilly winter weather may draw out fewer buyers, but you'll also be competing with fewer homes on the market.
If you're pondering whether to buy first or sell first, this book will help you understand the advantages and disadvantages of both and the various options. For example, how to get bridge financing (borrow funds for the purchase of your next home when the sale of your current home is not yet complete) if needed.
The book provides tips on how to find and work with a REALTOR®, how to determine a realistic asking price and how to enhance your home's appearance. It also explains how a REALTOR® will help you market your home effectively, what to do when you receive an offer and how to complete a sale.
REALTOR® is a registered trademark of REALTOR Canada Inc., a company owned equally by The Canadian Real Estate Association and the National Association of REALTORS® and refers to registered real estate practitioners who are members of The Canadian Real Estate Association. Used under license.
Truth is that buying or selling a home is a major business transaction -- one of the biggest most of us ever make. It requires tremendous knowledge and experience and a clear understanding of the legal issues and potential pitfalls.
That's why it helps to use the services of a real estate professional who is a member of a real estate board. REALTORS® have the training, knowledge and experience to help you every step of the way -- from the moment you think about buying or selling, to the time when the business transaction has been finalized.
Whether you are just thinking about buying or selling, or have already enlisted the services of a real estate professional, the Ontario Real Estate Association's (OREA) has "tip" books that will help take the mystery out of a process often viewed as complicated and confusing. You can order free copies of How to Buy Your Home and How to Sell Your Home by calling OREA at 1-800-563-HOME.
Many of the books available on real estate buying and selling can be complex and confusing, assuming a lot more knowledge on the subject than most buyers or sellers, especially first-timers, possess.
But not these two handy and manageable guidebooks. Each is an easy-to-use, step-by-step guide that takes you through the process of buying or selling a home without a lot of confusion. The many terms used in real estate are explained in simple, easy-to-understand language.
Make no mistake, though. These two handy books can't replace the knowledge, skills and expertise of a REALTOR®. They will show you how to find and work with one, as well as with a lawyer and other professionals who will generally be part of your real estate team.
Both books take you through the real estate process step-by-step. You can read them cover-to-cover or just zero on certain topics. With their check lists, work sheets, loads of tips, hints and advice, these books can help ease the stress of buying or selling real estate.
Buying a home?How to Buy Your Home offers a lot of great advice for both first-time and repeat home buyers. You'll learn how to hire a REALTOR®, a lawyer and other professionals, how to shop for a mortgage and compare mortgage options after meeting with various bankers, and how to select a home inspector to thoroughly check out the home you plan to buy.
This book can help you estimate the price range that's right for you, especially if you are uncertain about how much you can afford to spend. If you are selling your current home to buy another, it discusses the advantages and disadvantages of buying or selling first.
You'll also learn how to work with a REALTOR® and other professionals, what additional costs to watch out for, how to close a deal and make a smooth move to your new home.
Selling a home?Whether you are selling a home for the first time or have done it before, How to Sell Your Home helps you assess your reasons for selling and discusses alternatives to consider such as refinancing and renovation.
You'll also learn about the cycles in the real estate market and the "seasonality" of home sales that may affect your decision on "when" to sell. For example, changing interest rates can affect market cycles; chilly winter weather may draw out fewer buyers, but you'll also be competing with fewer homes on the market.
If you're pondering whether to buy first or sell first, this book will help you understand the advantages and disadvantages of both and the various options. For example, how to get bridge financing (borrow funds for the purchase of your next home when the sale of your current home is not yet complete) if needed.
The book provides tips on how to find and work with a REALTOR®, how to determine a realistic asking price and how to enhance your home's appearance. It also explains how a REALTOR® will help you market your home effectively, what to do when you receive an offer and how to complete a sale.
REALTOR® is a registered trademark of REALTOR Canada Inc., a company owned equally by The Canadian Real Estate Association and the National Association of REALTORS® and refers to registered real estate practitioners who are members of The Canadian Real Estate Association. Used under license.
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