November Mid-Month Toronto Housing Stats

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, November 18, 2009 – In the first two weeks of November, Greater Toronto

REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of

November 2008. The average price for these transactions was up 10 per cent year-overyearto $415,066.

Increased interest in ownership housing has been widespread throughout the GTA and across all housing types,” said Toronto Real Estate Board President Tom Lebour.  “However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price”

Year-to-date sales, at 78,233 are up 11 per cent compared to 2008. Average price, at $393,180, is up by three per cent. “Sales and average price in the GTA this winter will be well above levels reported throughout the fourth quarter of 2008 and the first quarter of 2009,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.

Another appearance on HGTV’s INCOME PROPERTY:

I’ve had another episode on HGTV’s “Income Property” air this week. 

You can view the show through the link provided below.  My part of the show comes on during the last 5 minutes of the show (just in case you want to forward to the good parts…lol) 

http://www.hgtv.ca/video/?releasePID=NWdltSL70eP6p1NHknz2YWDIV2YnmhGx

Stop the NEW HST – Prevent Your Costs from going up 8%

Please take the time to read this message.  The link at the bottom will allow you to send an email to your mpp automatically to help stop the HST.  This takes no time on your part.

Stop the HST – Cost of buying, owning and selling a home to go up by 8%

Earlier this week, the Government of Ontario formally launched its latest assault on homeowners, purchasers and sellers with the introduction of legislation to harmonize the provincial sales tax and goods and services tax.

Homebuyers and sellers will pay 8 per cent more on legal fees, appraisals, real estate commissions, home inspection fees, and moving costs, adding about $1,500 in new taxes to the average residential real estate transaction in Ontario.

For homeowners the HST will also add hundreds of dollars in additional tax on utility bills (gas, electricity and home heating fuel), on home renovation labour, the cost of lawn upkeep or landscaping and the cost of snow removal.

Please help Ontario REALTORS® fight this tax. In less than 30 seconds you can send an email to your MPP asking them to vote against sales tax harmonization legislation, by clicking here: http://bit.ly/stopthehst

Yonge and Eglinton New Light Rail Line

Just came across this great article regarding the draft plan for the light rail line connecting to pearson airport from Yonge and Eglinton.

http://www.nationalpost.com/news/canada/toronto/story.html?id=2230425&p=1

New Redpath Townhouses Just Listed

Outside Redpath

98 Redpath kitchen

2nd Shot of 98 Redpath Kitchen

98 Redpath Roof Top Patio

Price:  $389000

Parking:  Underground

Locker:  Ensuite

Roof Top Patio:  200 Sq Ft

2 bedroom + 2 bathroom

Address:  98 Redpath

Come check out this gorgeous 2 storey townhouse on Redpath with a 3^rd storey roof top patio.  The main floor has a powder room with a gorgeous kitchen including granite countertops and stainless steal appliances.  Also on the main floor are the living and dining room areas.   The 2^nd floor has a 5 Pc bathroom W/ Sep Shower Stall, 2 bedrooms and laundry area.  The 3^rd floor includes a convenient ensuite locker and a fabulous 200 Sq ft private rooftop terrace for entertaining and relaxing.

The complex is located at Yonge and Eglinton just a few steps from the subway, restaurants and shops.

Offers are presented November 3^rd:  Please contact me to book a private viewing before it’s too late.

If you have an interest in Renting, Buying or Selling in the Toronto area and would like to discuss the current market, please fill out this contact form or call me directly at (416) 457-1722.