Real Estate

Studio Condo Phase 2 by Aspen Ridge Homes

2012-01-13T15:12:00.000-08:00

Studio Condo Phase 2 by Aspen Ridge Homes

88 Scott Condos by Concert Properties

2011-12-20T11:14:00.000-08:00

88 Scott Condos by Concert Properties

Madina Aanay Wala Hai - Huriya Rafiq Qadri

2011-12-06T13:54:00.000-08:00

2011-12-05T16:04:00.001-08:00

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Canadian Housing Prices Continue to Climb !

2011-09-03T09:38:00.000-07:00

Despite some bumps recently in the economy, the housing market seems largely unaffected. According to the latest release of the Teranet-National Bank National Composite House Price Index report, Canadian Home Prices went up by 1.7% in June. How often do you send e-newsletters out to your database? Once a week Once a month Every other month Never Check out this article, Read More The index jumped to an all-time high in June, building on gains seen in the previous month- which was the biggest month-to-month gain since August 2009. From a year ago, the index is up by 4.5%. This latest release marks the third month in a row that the index has risen over 1%, as well as the seventh consecutive rise. In all six major metropolitan markets surveyed prices were up across the board, led by Toronto with a 2.0% increase. Vancouver and Ottawa registered in at +1.7%, while Calgary posted a 1.6% rise, Montreal +1.1% and Halifax +1.0% This signals the ninth rise in a row for booming Vancouver. The report says, “The 12-month gain of the composite index in June was 4.5%, barely more than the 4.4% of April and May. It may seem surprising that 12-month inflation has not been accelerating in step with the recent pace of monthly increases. The reason is that in May and June 2010 the composite index was gaining more than 1% monthly.” “In June the largest 12-month rise was 7.2% in Vancouver, followed by 5.9% in Montreal, 4.6% in Ottawa, 4.4% in Halifax and 4.2% in Toronto. Vancouver stands out with three consecutive months of accelerating 12-month inflation. Though Montreal’s 12-month inflation was the second highest of the six markets, it decelerated in June for a third straight month. Twelve-month inflation decelerated for a sixth consecutive month in Halifax. Calgary prices were down 2.7% from a year earlier, for a ninth consecutive month of 12-month deflation.” “In July, according to seasonally adjusted data from the Canadian Real Estate Association, market conditions were balanced in the country as a whole while appearing tight in Toronto.” Related Articles CREA Adjusts Forecast Drop in Canadian Housing Forecast but Big Swings in the Rear View Mirror New Condo Sales Surge in Toronto Results From Newly Released
RE/MAX Housing Market Outlook Report Prices Up, Listings Down: TREB eRelated News! please post the comments;-

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2011-08-31T17:27:00.000-07:00

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2011-08-31T15:35:00.000-07:00

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2011-06-02T18:05:00.001-07:00

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2011-06-02T17:49:00.000-07:00

Discover How to Avoid the 6 Biggest Mistakes Homebuyers Make!

: A new report has just been released which identifies the 6 most common and costly mistakes that homebuyers make when buying a home.
Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense.
Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you inform yourself about the factors involved.
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Real Estate: GTA REALTORS® Report Mid-Month Resale Housing Mark...

2011-05-19T18:11:00.000-07:00

Real Estate: GTA REALTORS® Report Mid-Month Resale Housing Mark...: "GTA REALTORS® Report Mid-Month Resale Housing Market Figures TORONTO, May 18, 2011 -- Greater Toronto REALTORS® reported 4,774 sales thro..."

2011-05-19T18:10:00.000-07:00

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, May 18, 2011 -- Greater Toronto REALTORS® reported 4,774 sales through the TorontoMLS® during the first two weeks of May 2011. This result was two per cent lower than the May 2010 figure of 4,887.

“The strong sales reported for the first half of May reflect the positive economic outlook for the GTA. With the number of jobs increasing and earnings growing, it makes sense that households remain confident in their ability to purchase and pay for a home over the long term,” said Toronto Real Estate Board President Bill Johnston.

The average selling price for the first 14 days of May was $486,223 – an increase of more than eight per cent compared to the same period in 2010.

“The average home selling price has been growing at a faster rate over the last two months. This is not surprising given that the number of homes available for sale has been down substantially in comparison to 2010. Increased competition between buyers for available listings has prompted enhanced upward pressure on home prices,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis.

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2011-05-19T18:05:00.001-07:00

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2011-05-19T18:02:00.000-07:00

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1Br+Den for Lease in Downtown Toronto

2011-05-07T09:27:00.001-07:00

Ejaz Waraich | Century 21 Leading Edge Realty Inc. Brokerage | 416-686-1500

209 Fort York Blvd,Toronto,ON

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2011-05-07T09:26:00.000-07:00

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2011-05-04T17:19:00.001-07:00

GTA REALTORS® REPORT MONTHLY RESALE HOUSING FIGURES
TORONTO, May 4, 2011 -- Greater Toronto REALTORS® reported 9,041 existing home sales through
the TorontoMLS® system in April 2011.
This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898.
While off last year’s record result, April 2011 sales were in line with the average April sales level reported
over the previous five years.
“Existing home sales have been strong from a historic perspective through the first four months of 2011.
Expect the pace of sales to remain robust through the spring, as the economy expands and home buyers
continue to benefit from affordable home ownership opportunities,” said Toronto Real Estate Board
(TREB) President Bill Johnston.
Market conditions tightened markedly over the last year. April 2011 sales accounted for 62 per cent of
new listings during the month – up substantially from 53 per cent in April 2010. Tighter conditions
resulted in the average April selling price growing by nine per cent annually to $477,407.
“The number of listings has been below expectations so far this year. Increased competition between
home buyers has led to an accelerating annual rate of price growth,” said Jason Mercer, TREB’s Senior
Manager of Market Analysis. “The strong price growth experienced in April should result in more listings
and more balanced market conditions.”
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2011-04-23T13:32:00.000-07:00

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2011-03-20T11:28:00.001-07:00

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2011-03-20T11:16:00.000-07:00

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2011-03-07T17:59:00.000-08:00

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2011-03-07T17:44:00.000-08:00

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2011-03-04T12:50:00.000-08:00

Overall House Affordability In Canada Has Improved

According to RBC’s February report, owning a home in Canada became slightly more affordable at the end of 2010. In the fourth quarter, RBC Housing Affordability Measures fell between 0.4 and 0.8 percentage points (depending on the house type) at the national level, and the majority of provinces marked declines in homeownership costs.

As for Toronto, the affordability seems to be “climbing its way back to sustainable levels." The local market bounced back in the second half of 2010, after a steep decline through spring and early summer, from last winter’s unsustainably high levels. This recovery supports RBC’s theory of the advancing activity caused by special factors (as the HST and new mortgage lending rules) being responsible for the earlier weakness, rather than permanent decrease of demand. As the influence of these temporary factors declined greatly by the end of the summer, the Toronto-area market has returned to more maintainable activity levels.

Lower mortgage rates were among the main reasons enabling local homebuyers to enjoy improved affordability for the most housing categories in the fourth quarter. Despite two-story homes’ affordability rising modestly (by 0.3 percentage points), the RBC measures lowered for both condos (by 0.6 percentage points) and detached bungalows (by 0.5 percentage points).

The report also predicts a slow rise in homeownership costs in the next few years, as “…the era of rapid home-price appreciation of the past 10 years has likely run its course (…) and we believe that we have entered a period of very modest increases."

The RBC Measures show the proportion of median pre-tax household income necessary to service the cost of mortgage payments (principal and interest), property taxes and utilities on various types of homes.

Full document is available on RBC website.

2011-02-15T10:32:00.001-08:00

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2011-02-09T08:31:00.000-08:00

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3 Bedrooms Semi-Detached Close to Subway

2011-02-09T08:26:00.001-08:00

Ejaz Waraich | Century 21 Leading Edge Realty Inc.Brokerage | 416-686-1500

12 Coleman Ave ,Toronto,ON

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2011-02-02T13:53:00.000-08:00

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2011-02-02T13:51:00.001-08:00

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2011-02-02T12:35:00.000-08:00

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2011-02-02T12:11:00.000-08:00

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2011-02-01T14:08:00.000-08:00

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Real Estate Market Watch Summary Videos

2011-01-20T07:18:00.000-08:00

Market Watch Summary Videos – AVAILABLE NOW
These videos will be posted, along with the Market Watch Report, on a monthly basis highlighting key resale housing statistics. TREB Members are encouraged to share and/or embed these videos on their websites.

http://www.youtube.com/trebchannel#p/u/7/s2hQRC7xz8g

Ejaz Waraich
Re/max 2000 realty inc., brokerage
off# 416-743-2000
Cell# 416-371-EJAZ(3529)
http://www.homebuyersinfo.ca/

2011-01-17T16:52:00.000-08:00

Federal Finance Minister Jim Flaherty announced tighter mortgage rules on Monday to address concerns over high Canadian household debt.
"In 2008 and again in 2010, our government acted to protect and strengthen the Canadian housing market," Flaherty told a news conference in Ottawa. "We continue to do so today."

Flaherty unveiled three main changes:

- The maximum amortization period for a government-insured mortgage was lowered from 35 to 30 years.

- The upper limit that Canadians can borrow against their home equity was lowered from 90 per cent to 85 per cent.

- Government insurance backing on home equity lines of credit, or HELOCs, has been removed.

The first change is likely to have the largest impact. Buyers who purchase a home with a down payment less than 20 per cent of the value of the home are required to purchase government-backed mortgage insurance through Canada Mortgage and Housing Corporation.

Under the new rules, mortgages amortized over longer than 30 years will no longer qualify for that insurance, making it effectively impossible to get a highly leveraged mortgage of more than 30 years in Canada.

After companies began insuring mortgages of 40 years or more, Ottawa set the limit at 35 years in 2008 before Monday's move lowered it to 30.

Aims to stem tide on consumer debt

"This measure will significantly reduce the total interest payments for Canadian homeowners," Flaherty said.

He was referring to the fact that anyone taking a longer amortization on a mortgage would pay much more in interest over time.

Flaherty pitched the lowering of the amount that can be borrowed against home equity to 85 per cent as a move to ensure Canadians retain more equity in their homes.

"This will promote saving through home ownership and limit repackaging consumer debt into mortgages," he said.

The final change, to remove government insurance on HELOCs, came as a result of Ottawa's concern that certain financial institutions were allowing homeowners to roll too many consumer purchases into CMHC-insured mortgages.

"I think that's particularly risky because some of those loans are not used to create housing. They're used to buys boats, and cars and big-screen televisions," Flaherty said. "That's not the business that home insurance was designed for."

While Flaherty called the changes "moderate," they did not include an increase to the five per cent minimum down payment Ottawa requires for a home purchase. They also stopped short of a proposal that surfaced last week which would have required 100 per cent of condo fees to be included in the list of expenses that are measured against income when financial firms consider a mortgage candidate. Currently, only 50 per cent must be included.

The changes also come following recent warnings from the Bank of Canada on household debt levels.

In December, bank governor Mark Carney cautioned Canadian households and businesses not to be lulled by current low interest rates, because repercussions from a hike could be swift.

Rates 'will rise'

"While rates are low by historical standards, they eventually will rise," Flaherty said Monday. He dismissed the notion that the announcement was timed to precede the bank's next decision on interest rates, which are set to be revealed Tuesday.

"The particular timing today is not related to the interest rate announcement," Flaherty said. "The governor and I speak regularly, and we discuss these types of issues [and] we make an effort to make sure government policy complements the Bank of Canada's monetary policy."

Last week, Agathe Côté, a deputy governor at the bank, told a Kingston, Ont., audience that a sudden weakening in the Canadian housing sector could affect other areas of the economy given the high debt loads of some households.

If that shock hits, Canadians would be expected to cut back on their spending, she said.

Flaherty's announcement is the second time in three years that the government has clamped down on mortgage rules. In 2008, the government brought in several alterations, including:

- Cutting the maximum amortization period to 35 years from 40.

- Requiring a minimum down payment of five per cent.

- Establishing a requirement for a consistent minimum credit score.

- Introducing new loan-documentation standards.

Ejaz Waraich
Re/max 2000 Realty Inc., Brokerage
Off# 416-743-2000
Dir# 416-371-3529
http://www.gtastoprenting.com/

2011-01-09T11:26:00.001-08:00

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2011-01-09T11:08:00.000-08:00

TORONTO, January 6, 2011 – The average price of a home in Canada increased between 3.9 and 4.6 per cent in the fourth quarter of 2010, compared to the previous year, as markets shrugged off a lacklustre third quarter and returned to a post-recession growth profile. Home values are forecast to continue a moderate and steady climb in many of the country’s key housing markets through 2011 with sales activity skewed to the first half of the year, according to the Royal LePage House Price Survey and Market Survey Forecast released today.

The low cost of borrowing stimulated the housing market in 2010, and this trend is predicted to continue in the first half of 2011. The widely held consumer belief that rates will rise in the latter part of 2011 may prompt an increase in buying activity early in the year.

“Trends in the housing market continue to be driven by the lingering after-effects of the recession,” said Phil Soper, president and chief executive of Royal LePage Real Estate Services. “Canadians realize that interest rates are unsustainably low and that homes will become effectively more expensive when mortgage rates return to normal levels. We will likely see more price appreciation early in 2011 as some buyers complete transactions in advance of anticipated higher borrowing costs.”

Soper added, “2011 is expected to unfold much like 2010, when close to 60 per cent of sales volume occurred in the first half of the year in anticipation of interest rate increases that never materialized. However, housing market activity in the first half of 2011 will be modestly closer to the norm, as last year’s phenomenon was exacerbated by mid-year tightening of mortgage accessibility and the introduction of HST in Ontario and British Columbia.”

Regionally, the strongest price appreciation of the cities studied is expected in mid-sized urban centers where affordability is better than the national average. For example, in Winnipeg, St. John’s and Fredericton, two-storey homes below $300,000 are still widely available. Demand in these cities is expected to be strong, putting upward pressure on home values.

Cities in Alberta are expected to be among Canada’s strongest performing markets in 2011. Woes in the historically volatile region’s housing market stretch approximately five years, when the Alberta housing market suffered a sharp correction following several years of double-digit price increases. The province’s energy-driven economy staged a comeback in 2010, recovering from the recession-led plunge in oil and gas prices. Major employers are expected to steadily increase hiring in 2011 which should attract new residents to the province and put upward pressure on the limited supply of housing. Royal LePage forecasts the average price of a home in Calgary will increase 5.4 per cent through 2011 while Edmonton home prices will increase 3.3 per cent. Home sale transactions are predicted to rise 6.7 per cent in Calgary and 9.1 per cent in Edmonton over the same period.

Across Canada, the average price of a home is forecast to rise 3 per cent over the coming year to $348,600 while the number of transactions is expected to drop 2 per cent.

During the fourth quarter of 2010, average home prices either increased or stabilized year-over-year, with Winnipeg, Ottawa, Montreal and St. John’s seeing the biggest gains. Nationally, the average price of detached bungalows rose to $324,531 (up 4.6 per cent), the price of standard two-storey homes rose to $360,329 (up 4.4 per cent), and the price of standard condominiums rose to $226,746 (up 3.9 per cent), compared to the fourth quarter of 2009.

Mr. Soper continued, “Like many Canadians, we anticipated an end to the ultra-low interest rate era before year-end 2010. Paradoxically, global economic weakness, particularly in the United States, allowed policy makers and financial institutions to keep borrowing costs low, resulting in a stronger Canadian housing market and a better than forecast fourth quarter.”

Regards,

Ejaz Waraich

http://www.onlycondos.info/

2011-01-09T11:03:00.000-08:00

Higher Down Payments and/or Shorter Amortization Periods

There is strong speculation that the federal government may further tighten mortgage financing rules; in particular, raise down payment requirements and shorten amortization periods. This would make it more difficult for some Canadian families to realize the dream of homeownership and could have a detrimental impact on existing homeowners and the economy. Finance Minister Jim Flaherty said he is monitoring the situation, and will take action if needed.

In a December letter to the Minister of Finance, CREA’s CEO Pierre Beauchamp raised concerns about additional changes to mortgage financing rules.

How You Can Help

It is important for individual REALTORS® and public to respectfully write their Member of Parliament (MP) and explain the negative impacts additional mortgage financing rule changes would have on homebuyers, homeowners and the economy.

Click here for a draft letter that you can print. You should fill in your MP’s name and personally sign and send the letter. No postage is required if sending to your MP’s Ottawa office.

Contact information for your MP can be found here (enter your postal code and your MPs contact information will be given).

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2011-01-04T15:35:00.000-08:00

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2010-12-30T08:46:00.000-08:00

Canadian Chamber of Commerce Reports Canada's Economy On Way To Recovery

Scotiabank Year-end Review and Outlook for Global Real Estate

UK Ready For Influx Of Enquiries From Distressed Property Sellers

China Takes New Measures To Curb Inflation

US Realtors Reflect on 2010, Ready for 2011, NAR

CREA Releases Realtor.Ca App for iPhone

Canadas Rate of Inflation Slowed More Than Expected

Home Inspectors Update Qualification Requirements

2010, A Year of Real Estate In Review

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2010-12-30T08:32:00.000-08:00

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2010-12-30T08:13:00.000-08:00

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2010-12-30T08:01:00.000-08:00

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2010-12-24T09:46:00.000-08:00

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2010-12-24T09:27:00.000-08:00

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2010-12-24T08:54:00.000-08:00

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2010-12-24T08:17:00.000-08:00

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2010-12-21T14:00:00.000-08:00

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2010-12-21T13:55:00.000-08:00

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2010-12-17T09:51:00.000-08:00

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2010-12-15T13:53:00.000-08:00

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2010-12-08T09:50:00.000-08:00

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2010-12-04T08:41:00.000-08:00

GTA REALTORS® Report Monthly Resale Housing Market
Figures
TORONTO, December 3, 2010 -- Greater Toronto REALTORS reported 6,510 existing home
sales in November – down 13 per cent from 7,446 sales in November 2009. New listings
were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for
the fourth straight month to 88,100. This rate was substantially higher than the July low of
67,900.
"The GTA resale market has tightened since the summer. Healthy market conditions
continued to support growth in the average selling price," said Toronto Real Estate Board
President Bill Johnston.
“Sales through the first 11 months of the year were down only marginally compared to the
same period in 2009. We remain on track for one of the best years on record under the
current TREB market area,” continued Johnston.
The average selling price for November transactions was $438,030 - up five per cent
compared to November 2009.
"The average selling price in the GTA is affordable. A household earning the average
income can comfortably cover the mortgage payments on an average priced home. Expect
the average selling price to grow at a moderate pace over the next year," said Jason
Mercer, TREB’s Senior Manager of Market Analysis.
Housing charts & Video continue…
http://www.youtube.com/TREBchannel

Get the latest news and information from TREB
www.twitter.com/TREB_Official
www.facebook.com/TorontoRealEstateBoard
For information about Buyer Representation Agreements (BRA) visit www.BRAFirst.ca.

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2010-12-01T11:19:00.000-08:00

Attention Home Buyers - Classified Ad

2010-11-29T07:56:00.000-08:00

Ontario REALTORS support grow ops registry bill
November 25, 2010 - Ontario REALTORS® support private members Bill 139, Clandestine
Drug Operation Prevention Act, 2010, introduced by MPP Lisa MacLeod to establish a
marijuana grow operations and clandestine drug laboratory registry.
“Grow-ops are major problem for homebuyers in the province and we have been urging the
Ontario government to establish a registry to protect consumers for almost ten years,” said
Dorothy Mason, President. “We urge the government to pass this bill in order to protect
homebuyers.”
REALTORS® are obligated by law to disclose to potential homebuyers if a home has been used
as a marijuana grow-operation or a drug lab. Ontario REALTORS are hindered by the lack of a
central registry which is crucial to protecting homebuyers from the potential health and safety
hazards of properties formerly used to manufacturer clandestine drugs.
Bill 139 defines a clandestine drug operation to be an illegal operation where any substance
listed in the schedules I through IV in the Controlled Drugs and Substances Act of Canada can
be obtained by any method or process.
Clandestine drug operations cause significant damage to homes. For example, physical damage
done to the house by excessive moisture leading to mould, chemical contamination, structural
alterations and electrical rewiring leading to fire hazards.
Often these homes received cosmetic renovations to disguise the fact they were marijuana growoperations
and consumer unknowingly purchases these homes. This can lead to loss of insurance
for the property and exorbitantly high remediation costs.
The Ontario Real Estate Association represents 49,000 brokers and salespeople who are
members of the provinces 42 real estate boards. OREA serves its members through a wide
variety of publications, educational programs and special services. The association provides all
real estate licensing courses in Ontario.
OREA was founded in 1922 to organize real estate activities and develop common goals across
the province. These goals included promoting higher industry standards, protecting the general
public from unscrupulous brokers and salespeople, and preserving private property rights.

2010-11-15T08:44:00.000-08:00

GTA REALTORS® Report Monthly Resale Housing Market Figures
TORONTO, November 3, 2010 -- Greater Toronto REALTORS® reported 6,681 sales
through the Multiple Listing Service® (MLS®) in October 2010.
This represented a 21 per cent decrease compared to the 8,476 sales recorded in October
2009. Through the first ten months of the year, sales amounted to 75,582 – up one per cent
compared to the January through October period in 2009.
“The annual change in sales and average selling prices has been quite uniform across the GTA
and by property type as the market has balanced out from record levels of sales in the second
half of 2009 and first few months of 2010,” said Toronto Real Estate Board (TREB) President
Bill Johnston.
“The composition of GTA home sales does differ depending on location. Condominium
apartments accounted for 42 per cent of total sales in the City of Toronto and almost 60 per cent
of sales in TREB’s central districts,” Johnston continued. “In regions surrounding the City of
Toronto, in contrast, low rise home types accounted for almost 90 per cent of transactions.”
The average price for October transactions was $443,729 – up five per cent compared to the
average of $423,559 reported in October 2009. The average selling price through the first nine
months of the year was $430,802.
“The average selling price in the GTA has continued to grow relative to 2009 because home
ownership has remained affordable,” said Jason Mercer, the Toronto Real Estate Board’s
Senior Manager of Market Analysis. “A household earning the average income in the GTA can
comfortably afford the mortgage payments associated with the purchase of an average priced
home.”
“The outlook for mortgage rates and income growth over the next year is favorable. The
average home selling price could increase moderately next year and remain affordable for the
average GTA household,” continued Mercer.
Housing charts continued…

Real Estate market updates

2010-11-01T12:07:00.000-07:00

GTA Housing Market Conditions Remain Healthy in September

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."
MEDIAN PRICEIn September, the median price was $360,325, from the $347,000 recorded during September of 2009.
Click here to see Full Report [PDF]

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GTA REALTORS® Report Monthly Resale Housing Figures
TORONTO, September 3, 2010 ‐ Greater Toronto REALTORS® reported 6,232 sales
through the Multiple Listing Service® (MLS®) in August 2010.
This represented a 22 per cent decrease compared to the 8,035 sales recorded during
the same period in 2009. New listings decreased by one per cent year-over-year to
10,488.
“The prospect of interest rate hikes and new mortgage lending rules prompted some
households to purchase a home sooner than they otherwise would have this year. The
result has been a larger than normal dip in sales over the summer months. With this
said, it is important to recognize that sales on the year were eight per cent higher than
in 2009,” said Toronto Real Estate Board President Bill Johnston.
The average price for August transactions was $411,012 – up six per cent compared to
the average of $387,921 reported in August 2009.
“Market conditions have remained tight enough to support higher home prices in
comparison to last year. Under current mortgage lending standards, a household
earning the average income in the GTA can comfortably afford the mortgage payments
on an average priced home. Market conditions and the affordability picture would have
to change dramatically before a sustained drop in the average selling price would take
place,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Housing Charts Continue…
And Average Price August
2010 and 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 2,360 $421,407 3,109 $402,246
Rest of GTA ("905") 3,872 $404,675 4,926 $378,880
GTA 6,232 $411,012 8,035 $387,921
Source: Toronto Real Estate Board
Sales & Average Price By Home Type
August‐2010
Sales Average Price
416 905 Total 416 905 Total
Detached 676 2,156 2,832 588,867 482,657 508,172
Yr./Yr. % Change ‐32% ‐22% ‐25% 4% 7% 6%
Semi‐Detached 255 421 676 463,769 342,933 388,515
Yr./Yr. % Change ‐19% ‐16% ‐17% 12% 9% 10%
Townhouse 261 720 981 354,843 305,896 318,918
Yr./Yr. % Change ‐29% ‐19% ‐22% 4% 5% 4%
Condo Apartment 1,143 476 1,619 330,952 250,585 307,324
Yr./Yr. % Change ‐18% ‐21% ‐19% 10% 5% 9%
Source: Toronto Real Estate Board

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GTA REALTORS® Report Mid-Month Resale Housing Figures
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.
The average price for August mid-month transactions was $412,934 – up
eight per cent compared to the average of $383,796 recorded during the
first 14 days of August 2009.
“We have seen a sufficient number of buyers relative to sellers over the
summer months to support continued year-over-year price growth in the
GTA,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Housing Charts Continue…
NEWS RELEASE
PAGE 2
Get the latest news and information from TREB
www.twitter.com/TREB_Official
www.facebook.com/TorontoRealEstateBoard
www.youtube.com/TREBChannel
For information about Buyer Representation Agreements (BRA) visit www.BRAFirst.ca.
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
Sales & Average Price By Home Type
August‐2010
Sales Average Price
416 905 Total 416 905 Total
Detached 296 945 1,241 635,107 482,492 519,100
Yr./Yr. % Change ‐36% ‐29% ‐31% 15% 7% 9%
Semi‐Detached 118 184 302 450,272 343,819 385,413
Yr./Yr. % Change ‐17% ‐22% ‐20% 10% 9% 10%
Townhouse 109 317 426 358,246 303,804 317,734
Yr./Yr. % Change ‐41% ‐29% ‐32% 8% 4% 5%
Condo Apartment 505 196 701 315,993 258,789 299,999
Yr./Yr. % Change ‐24% ‐32% ‐26% 8% 6% 8%
Source: Toronto Real Estate Board
Summary Of August Sales And Average Price
August
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 1,040 $425,874 1,465 $391,252
Rest of GTA ("905") 1,692 $404,980 2,367 $379,181
GTA 2,732 $412,934 3,832 $383,796
Source: Toronto Real Estate Board
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 30,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area
open house listings are now available on www.TorontoRealEstateBoard.com.
- 30 -

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Double-digit gains characterize average price appreciation in most Toronto neighbourhoods in 2010, says RE/MAX
Toronto’s housing market roared back to life in the first half of 2010, with single-detached homes and condominium apartments and townhouses posting unprecedented double-digit gains in average price in most districts.

Jul. 14, 2010
Mississauga, ON (July 14, 2010) -- Toronto’s housing market roared back to life in the first half of 2010, with single-detached homes and condominium apartments and townhouses posting unprecedented double-digit gains in average price in most districts, according to a report released today by RE/MAX Ontario-Atlantic Canada. This is in stark contrast to the July 2009 RE/MAX report that found that values in approximately 80 per cent of neighbourhoods surveyed in Toronto had depreciated over the same period in 2008.
RE/MAX examined 63 Toronto Real Estate Board (TREB) districts in the single-detached category between January and June of 2010 and found that 85.7 per cent experienced double-digit gains. Mississauga’s Lorne Park (W13) led in terms of percentage increase in average price with a 30.2 per cent upswing in the first six months of the year, bringing year-to-date values in the area to $880,373 (vs. $676289 in 2009 and $830,041 in 2008). Markham (N01) ranked second with a 27.7 per cent jump to $779,168 (vs. $610,322 in 2009 and $683,050 in 2008) while Armour Heights, Bathurst Manor (C06) came in a close third at 27.5 per cent (rising to $732,535 from $574,599 in 2009 and $589,808 one year earlier). Mississauga’s Creditview, Erindale area (W16) secured fourth spot with an average price of $561,973—up 26.5 per cent over 2009’s $444,221 and 2008’s $476,877. Rounding out the top five was York Mills, Hogg’s Hollow, Bridle Path (C12) with a 26.2 per cent increase over last year and an average price of $1,868,591 (vs. $1,480,296 in 2009 and $1,580,851 in 2008).
“While first-time buyers dominated housing markets during the first half of 2009, move-up buyers ruled during January to June of 2010,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “Rising interest rates and the introduction of the Harmonized Sales Tax (HST) in the province helped drive activity, with more than 50,000 sales reported year-to-date—a figure on par with record 2007 levels.”
As in years past—the exception being 2009—the second half of the year will be more tempered, with price appreciation moderating somewhat in most neighbourhoods. The one exception to the rule will be the hot pocket areas that continue to experience limited inventory.
With affordability a growing issue for many in the Toronto market, the city’s vast supply of existing condominium apartments and townhomes offer a financially attractive alternative. Like single-detached homes, however, condominium prices were on the upswing in the first six months of the year in the 59 TREB districts examined—with 61 per cent reporting double-digit increases.
The Danforth, East York (E03) was the top performing condominium market in terms of price appreciation—with values up 28.2 per cent to $222,421. While the increase is significant compared to the same period in 2009, it’s a more moderate 15 per cent ahead of the $195,019 reported in 2008. Yorkville (C02) secured second spot, with a 22.6 per cent increase in values, bringing average price to $653,745—a serious uptick over the 2009 level of $553,302 but only a nominal 5.6 increase over 2008’s $619,151. Markham (N01) took third place with an increase of 22.1 per cent to $332,590 over the 2009 figure ($272,316). Bayview Village (C15)—Toronto’s newest condominium corridor—saw a 19.6 per cent increase, with values rising to $331,063. North York (C14) continued to experience upward momentum during the first half of the year, with average price on the Yonge St. line up 19.5 per cent to $363,685, compared to the $304,342 reported during the same period in 2009.
Overall, single-detached homes in TREB’s North district (north of Steeles Ave.) saw the greatest percentage increase, with year-to-date average price rising 17.5 per cent to $617,723 (compared to $525,635 one year ago). Not surprisingly, condominium apartments and townhomes in the central core experienced the most significant upswing, with average price in TREB’s Central district rising 16.8 per cent to $385,996, up from $330,517 one year ago.
“Both housing types experienced serious percentage increases year-over-year – yet its important to keep those price hikes in perspective,” says Polzler. “Last year, 80 per cent of those districts experienced a decline in value. The bounce-back—fuelled by unprecedented market conditions including a severe shortage in listing inventory—simply returned average prices to their normal course. ”
RE/MAX is Canada’s leading real estate organization with over 17,500 sales associates situated throughout its more than 680 independently-owned and operated offices across the country. The RE/MAX franchise network, now in its 37th year, is a global real estate system operating in 80 countries. Over 6,450 independently-owned offices engage over 92,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management. For more information, visit: www.remax.ca.
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GTA REALTORS® Report Monthly Resale Housing Figures
TORONTO, JULY 6, 2010 ‐ Greater Toronto REALTORS® reported 8,442 sales through the
Multiple Listing Service® (MLS®) in June.
This represented a 23 per cent decrease compared to the record 10,955 sales reported
in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per
cent annually. Year-to-date sales through June were up 23 per cent to 50,455
compared to the first six months of 2009.
“We experienced a record number of existing home sales during the first half of 2010,
but these sales were weighted more towards the beginning of the year,” said newly
elected Toronto Real Estate Board President Bill Johnston. “The pace of home sales
has moderated from record levels over the past two months with the prospect of higher
mortgage rates.”
The average price for June transactions was $435,034 – up eight per cent compared to
the average of $403,972 recorded for June 2009.
“With more homes to choose from in the second quarter, many home buyers have been
making less-aggressive offers. This has resulted in less upward pressure on the
average selling price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“The annual rate of average price growth in the second half of 2010 will be in the single
digits.”

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GTA REALTORS® Report Mid-Month Resale Housing Figures
TORONTO, JUNE 16, 2010 ‐ Greater Toronto REALTORS® reported 4,139 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of June 2010.
This represented a 20 per cent decrease compared to the 5,185 sales recorded during
the same period in 2009. New listings increased by 21 per cent annually to 7,985.
“The pace of existing home sales in the GTA has slowed to more normal levels
following a record-setting start to 2010,” said Toronto Real Estate Board President Tom
Lebour.
“Due to higher mortgage carrying costs, sales in the second half of 2010 will not be as
high as what was experienced during the last six months of 2009.”
The average price for June mid-month transactions was $437,039 – up seven per cent
compared to the average of $407,716 recorded during the first 14 days of June 2009.
“The seller’s market conditions experienced during the first few months of the year have
given way to more balanced conditions. Home buyers are experiencing more choice,”
said Jason Mercer, TREB’s Senior Manager of Market Analysis. “With more choice in
the market place, price growth is starting to slow.”

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