Real Estate Toronto Canada

February 28th:  Today is the conclusion of the 2010 Winter Olympics and Canada has set a record with the most ever gold metals won by a host country #8211; 14 in total.
The games started with Wayne Gretsky lighting the Olympic Flame and concluded by our Men#8217;s Hockey Team Canada defeating Team USA for our last [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2283subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/YNsYpztw788″ height=”1″ width=”1″/

By David Dunkelman
Jameson Avenue in West Toronto stretches from the pedestrian walkway at Lakeshore Blvd. to the hustle and bustle of Queen Street West. It’s a wide boulevard lined with walk-up and high-rise apartment buildings. Parkdale Collegiate, one of Toronto’s oldest high schools, is located along this route.
The wide, pedestrian-friendly sidewalks are lined with street [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2221subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/SoikFfKzSog” height=”1″ width=”1″/

Source:  Teranet House Price Index
Canadian home prices in December were up 5.2% from a year earlier, double the 12-month advance recorded in November, according to the Teranet-National Bank National Composite House Price Index™. December was the third consecutive month in which prices were up from a year earlier, after 10 consecutive months of 12-month deflation. [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2271subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/UYXK8UIsCzk” height=”1″ width=”1″/

The mortgage market is still in rally mode, and rates are near their lowest points of the year. Mortgage rates are determined by mortgage bonds which trade in a market similar to stocks or other commodities. Mortgage rates trend to move in the opposite direction of stocks. When optimism is in the air and the economic future looks bright, investors buy stocks and mortgage rates usually trend higher.  When fear is the dominant emotion mortgage bonds are more likely to benefit, because investors feel safer with a fixed return. Fear is in the air again, today. Over the last few weeks Greece was in the news as it looked like they were close to default. That crisis was band aided over, but now when people talk about Greek ruins, they are talking about the economy. Their credit rating was down graded yesterday, which means more trouble. Jobless claims came in slightly higher than expectations, which helps feed the fear. Another reason why the trend is for lower mortgage rates, is that Fed Chairman Ben Bernanke, in congressional testimony yesterday, said once again that rates will remain low for an extended period of time. But that talks about short term rates, not necessarily mortgage rates. The Fed has just over a month left on its bond purchase program, but for now that isn’t putting the hurt on mortgage rates. If you are looking to buy a home or refinance a mortgage, my guess is still that rates will be rising, so this is a time to take advantage of rates while they are still near the lows.

Here are the current Chicago Illinois Home mortgage rates for an A+ (740 Fico or above), full doc single family home purchase or rate/term refinance on a 45 day rate lock, with 0 points, and no origination fee. Mortgage rates in other states may be slightly different, give me a call and I will give you an accurate quote for your particular situation. The conventional and FHA rates are based on the highest conforming loan amounts, which give the best pricing. Again, there are many factors which affect mortgage rates and your ability to be approved for a loan. These rates may not fit your situation and this is just a sample of the programs that are out there. If you would like a quote for your personal situation, or to get pre-approved for a mortgage, give me a call or contact me (Illinois mortgage company) and I’ll take the time to find the rate and program that is best for you:

Conventional loans up to $417,000

For Jumbo loans over $417,000

(Another option is to break your Jumbo loan into 2 parts – conventional to the limit of $417,000 and a HELOC or fixed second mortgage for the rest. The blended rate is usually much better than a single loan would be.)

FHA LOANS – 3.5% down payment – FHA Maximum varies by County

FHA APR reflects 3.5% down payment and the effect of mortgage insurance on the loan. Call for information on no-cost FHA streamlined Refinances

FHA 203K Rehab Loans

Call for Quote

VA Veterans Administration 0 Down Loans

Call for information on no-cost VA Streamlined Refinances

These are just a few of the mortgage programs and mortgage rates available. Which option is best for you depends on your own specific goals and needs. If you have any questions or want to go over your situation in depth, let me know how I can help.

Peter Thompson 630-479-6424

Illinois Mortgage Rates                   First time home buyer loans

Chicago Mortgage Company

Tackling a mortgage can be daunting, especially for those who haven#8217;t done it before. Mortgages are usually the largest debt one will ever have, and it#8217;s a long-term commitment. One option is to make the house help pay for itself by turning it into an income property. It#8217;s a bit of a sacrifice, and isn#8217;t [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2238subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/gfVk71V8rNo” height=”1″ width=”1″/

If you are thinking of buying a home soon, the clock is ticking. We are now just over 60 days away from the deadline for having your contract together for the $8,000 first time home buyer (or $6,500 move up buyer) tax credit. You don’t have to close your purchase by the end of April, you have until the end of June to get your mortgage and close. But, if you are planning on taking advantage of this credit, time is running out quicker than you might think.

Buying a home is complicated. That’s not surprising; after all, this is likely to be the biggest purchase of your life. If one home were the same as another, it would be easy enough to go out and buy a home in a weekend. Finding the right home takes more time and gets a little more complicated. And making sure you are ready and able to buy a home is the other issue. Is your credit good enough? Do you know where your down payment is coming from? Do you know what steps to take to buy a home and get approved for a mortgage? With time running down, you want to be sure you are prepared and able to get your home financed once you find the home that is right for you.

I recently put on a first time home buyer webinar- How to Buy Your First Home With a Low Down Payment – Chicago First Time Home Buyer Webinar – which covered the entire process of how to find a home and get a mortgage in a way that works best for you and your needs. If you are looking for information on how to get the process going, and make sure you are on the right track, this is a great place to start.

Here is the link:

First Time Home Buyer Webinar

The webinar is just under an hour long, and the feedback I got from those who attended has been that this was a great way to get the information they needed, and they felt more confident going forward. Here is some of what I cover:

Why this is the best time to buy a home in years, and the best time for years to come.

How to qualify for your $8,000 tax credit.

How you can avoid the big first time home buyer mistakes which can cost you thousands of dollars. 

What you can do to put yourself in the best position to qualify for a mortgage.

What lenders look for on your credit report, and what you can do to raise your scores and improve your credit

What you need to know before buying a condo in Chicago (or anywhere else).

How you can buy with a low down payment, and possibly no money out of your own pocket.

What you need to know about FHA, and why this is the most popular program for first time home buyers

The steps involved in buying a home, from start to finish.

First Time Home Buyer Webinar

There is a lot of information packed into this, and if you are in the market, or even thinking about buying a home, this is worth your time. Let me know if you found it helpful.

Peter Thompson 630-479-6424

Illinois Mortgage Rates                   First time home buyer loans

Chicago Mortgage

New RE/MAX report shows active listings down in 81 per cent of Canadian markets in January

Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released by RE/MAX!

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. 

The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers.

As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.

There have never been so many motivating factors in play at once.  We’re in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close.

The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies.

Markets experiencing the tightest inventory levels include Toronto (- 41 per cent); Kitchener-Waterloo (-33 per cent); Ottawa (- 30 per cent); Victoria (- 30 per cent); Greater Vancouver (- 27 per cent); Halifax-Dartmouth (- 19 per cent); London-St. Thomas (- 18 per cent); Regina (- 16 per cent); and Winnipeg (- 13 per cent). 

Active Listings Are Down Across The Country

Conditions were still balanced, but starting to tighten in Calgary, Edmonton and Saskatoon, particularly in the single-family detached category.

The highest year-over-year sales gains were reported in Greater Vancouver (152 per cent), Kelowna (121 per cent), Greater Toronto (87 per cent), Victoria (69 per cent), Hamilton-Burlington (58 per cent), London-St. Thomas (55 per cent) and Calgary (47 per cent).

Western Canadian cities dominated the list of centres with the highest increases in price appreciation.  These included Victoria at 25.5 per cent, Kelowna at 22 per cent, Greater Vancouver at 19.5 per cent, and Winnipeg at 17 per cent. 

St. John’s (23 per cent) and Toronto (19 per cent) were also among the frontrunners for price growth.

Affordability is the catalyst for the vast majority of purchasers in today’s housing market.  While homeownership is still within reach in many major centres, levels are slipping.  There is a growing sense, on both sides of the fence, that the time to act is now.

While buyers are taking advantage of favourable conditions, sellers too are reaping the rewards.  Competing bids are a factor in the marketplace once again, with well-priced listings—especially at the entry-level price point—experiencing multiple offers. 

Properties priced at fair-market value will likely sell quickly for top dollar.  The overall pressure on sales and price is significant across the board – and it’s not likely to subside unless more inventory comes on-stream. 

The level of frustration is growing, as pent-up demand builds.  For every successful offer, there are those that will walk away empty-handed.   They’re thrust back into the buyer pool and the process starts all over again. 

Some buyers are upping the ante, while others are considering alternate housing options.  Still, purchasers remain cautious in their bids, with most careful not to max out debt service ratios.

Recent revisions to lending criteria will add fuel to the fire in the short term.  Buyers considering a variable rate mortgage will step up their plans for homeownership in the next month or so just to get in under the wire.  In the longer term, buyers will adjust, but move forward. 

Compromise has long been a reality—particularly in the larger centres.  This simply means they may go smaller or further in their pursuits.  

It’s been a 180 degree turnaround from this time last year.  It’s clear that real estate from coast to coast has roared back to life and markets are once again firing on all cylinders.  The vast majority of markets are now recovered and fully-evolved, with all segments working in tandem.  

At the luxury price point, activity was brisk in seventy-three per cent of centres surveyed, with momentum ramping up in the remainder. 

Opportunity exists in some areas, but the question is for how much longer?

By the end of last year, the money spent on building permits being taken out had risen 15 per cent since the end of November across the city of Toronto. The amount of building permits for the month of December alone totaled $1.2 billion according to a recently released Statistics Canada report.
The city of Toronto [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2258subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/3-P3QISd5S8″ height=”1″ width=”1″/

Your bathroom is an important room in the house and should never be underestimated. Often it’s in the smallest room in the house that we get to mke the biggest impact. And bathroom renovations can bolster the saleability of your home. No longer just a place to wash and go, bathroooms can provide sanctuary from the chaos of life. So let’s start with a few – Absolutely Do Not Do items.

1. Carpets. These nasty fibers can hold a multitude of fluids so opt for surfaces that can be wiped clean.

2. Coloured fixtures. Avocado is not back in style! A chocolate brown toilet is not the way to go. Stick with white fixtures and inject your colour elsewhere.

3. Cheap laminate flooring. Some of these products are nothing more than a photograph of wood grain on top of compressed fiber board or chipboard. When you add water they expand. Opt for water-resistant products.

4. Toiletries on display. No one wants to see how many pills and potions you use. Ick! Choose a mix of open and closed storage so your Chanel toiletries will be on display and your unmentionable creams won’t!

5. Wallpaper. Yes, there are papers out now that can handle the humidity levels in your bathroom, but why would you when there are so many great paints on the market? Add drama with great towels or artwork, storage boxes or candles. All these can easily be rearranged or changed to suit your mood.

So what if you have some issues with your lavatory and can’t afford to change the big ticket items? Work with what you’ve got. If you have a gold toilet, tub and sink, go with it! Make them poart of your colour scheme.

Match dominant colours to create a uniform and calming look. Bright colours that compete can create a chaotic mood. Do you have dark brown tiles? Get a luxurious chocolate brown shower curtain in canvas and some brushed nickel accessories for a streamlined hotel look. Keep your eye out for great towels in neutral colours that don’t compete with your bold fixtures. Candles and hand-milled soaps can offer an inexpensive decorative touch.

Before you know it, you’ll have a bathroom to envy whether you are selling or staying put!

What a difference a few days can make. Last week the mortgage bond market was selling off and rates were headed higher with the fear that low mortgage rates were gone for good. But throw in a poor consumer confidence report and a good bond auction and we are right back where we were before. Mortgage rates are still in the same range we have traded in over the last several months, but the swings are getting bigger. For most people all this activity only changes the actual rate by a small amount, but the trend is what is worth watching. So for now, get them while they last, rates are trending lower now, but this may not last long.

Here are the current Chicago Illinois Home mortgage rates for an A+ (740 Fico or above), full doc single family home purchase or rate/term refinance on a 45 day rate lock, with 0 points, and no origination fee. Mortgage rates in other states may be slightly different, give me a call and I will give you an accurate quote for your particular situation. The conventional and FHA rates are based on the highest conforming loan amounts, which give the best pricing. Again, there are many factors which affect mortgage rates and your ability to be approved for a loan. These rates may not fit your situation and this is just a sample of the programs that are out there. If you would like a quote for your personal situation, or to get pre-approved for a mortgage, give me a call or contact me (Illinois mortgage company) and I’ll take the time to find the rate and program that is best for you:

Conventional loans up to $417,000

For Jumbo loans over $417,000

(Another option is to break your Jumbo loan into 2 parts – conventional to the limit of $417,000 and a HELOC or fixed second mortgage for the rest. The blended rate is usually much better than a single loan would be.)

FHA LOANS – 3.5% down payment – FHA Maximum varies by County

FHA APR reflects 3.5% down payment and the effect of mortgage insurance on the loan. Call for information on no-cost FHA streamlined Refinances

FHA 203K Rehab Loans

Call for Quote

VA Veterans Administration 0 Down Loans

Call for information on no-cost VA Streamlined Refinances

These are just a few of the mortgage programs and mortgage rates available. Which option is best for you depends on your own specific goals and needs. If you have any questions or want to go over your situation in depth, let me know how I can help.

Peter Thompson 630-479-6424

Illinois Mortgage Rates                   First time home buyer loans

Chicago Mortgage Company

By Myles Slocombe
For senior citizens or the loved ones of seniors that may be weighing different options as they give thought to living accommodations as the golden years progress, there is of course an alternative to moving into a retirement home and for those who may not be aware, Canada Mortgage and Housing Corporation (CMHC) [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2262subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/Z0jOSHolhEA” height=”1″ width=”1″/

Ottawa has expressed concern over the possibility that many Canadians are taking on more debt than they can afford because of the current record-low interest rates that will inevitably rise. While Finance Minister Jim Flaherty has said that Canadians are snapping up homes and putting themselves into debt they won#8217;t be able to get out [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2239subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/LiBh5wFuNNA” height=”1″ width=”1″/

We’ve all heard those conspiracy stories… hidden government agendas, commies under everyone’s pillows, spies behind every lamppost… but I really haven’t bought into them over the years.  I believed that what I read in the newspapers or watched on television was reality and could be believed.  Naive maybe but I was a believer in the truth.

Now for the first time, I’m not so sure!

Recently three things have happened to shake my faith in ‘truth in reporting’ and I’m not convinced that it’s a conspiracy but MAYBE just a case of incompetent reporting.

First was the H1N1 scare and the reporting that the vaccine was harmless.  In my limited circle of people I know, there have been three near-fatalities and one death from taking the vaccine.  In one case, the mother called all the big news networks to tell them about how her 22-year old daughter almost died within seconds of getting the vaccine administered and none of them were interested in the story.

The second was the Toyota vehicle recall.  Day after day we heard about all the recalls and the dangers of those cars.  Nowhere did we hear that the type of problems that the recalls were all about happened extremely rarely and almost always to vehicles which had been driven a lot of miles!  Still a concern and something that needed to be addressed, but a needless worry to someone who drove their car normally and hadn’t experienced any symptoms whatsoever.

And then the icing on the cake – the media frenzy about the Competition Bureau’s action against the Canadian Real Estate Association and all of it’s Realtor members across Canada.  The media has been presenting information in a distorted, inaccurate and misleading fashion throughout this entire affair.

The fact is that there have always been alternate MLS commission structures available to consumers right down to practically zero for the lowest level of service.  And that’s OK – home sellers should have a choice.  In fact, owners have always been able to sell their homes for zero commissions by themselves and there are plenty of companies and websites which cater to this type of consumer.

The problem is… for the most part selling properties on their own OR hiring a cheap agent have either failed to get the home sold or resulted in inferior service… a natural result of not being exposed to the best market for buyers (the MLS system) or not having adequate, competent representation.

Be honest, if you were only getting paid pennies on the dollar for a job, would you give out YOUR best work?  Isn’t that why the communist system collapsed in Russia and Eastern Europe?  No one ever did anything or, if they did the work, it was shoddy at best!

The issue which the media have missed entirely with the Competition Bureau’s Tribunal application is it is NOT a commission issue, it’s a representation or agency issue!  They want consumers to be able to list their homes on the privately owned MLS system (imagine going to a GM dealer and saying “I want to park my car on YOUR lot and sell it privately”) and not have anyone to represent them at all.

In reality, the potential for multiple lawsuits coming from all of this is immense.

For example, a seller representing themselves agrees to pay a commission to a buyer agent.  The buyer agent does a great job for their client (the home purchaser) and gets them a fabulous price – certainly possible since most sellers aren’t versed in the art of negotiation – and the seller realizes later he sold his house for too little.

Or a seller, acting on their own, fails to disclose some major defect about his or her home – something which a reputable listing agent would always do – and the buyer finds out after closing.

These are only a few of the consequences of not having representation which come to mind immediately – I’m sure there are lots more.

So… we need a media which FAIRLY and HONESTLY represents the public interest.  Perhaps taking a bit more time to dig deeper into a story to get to the truth and avoid the sensational headlines which they so love to print or announce on the eleven o’clock news.  In fact, they might find that there’s NO sensational story there in the first place.

I came across this video recently and, since it applied to my current distrust with what the Toronto Star or the Globe And Mail have been printing lately, I thought I’d have some fun with it.  With a bit of “tongue-in-cheek”, take a peek.

January 2010 Toronto Real Estate Statistics

With a projected 7,000 plus sales for February, Toronto’s market looks like it will set a record for the month. 

The previous February sales high was 6,866 houses and condominiums changing hands in 2002 although 2006 and 2007 also were within a few hundred sales of this number.

Although the Toronto Star painted January sales as “crazy”, the 4,986 sales were lower than either 2007 or 2008.  They were only ‘crazy’ when compared to the dismal performance in January 2009 when we were at the absolute bottom of the market here in Toronto.

Listing inventory continues to be a problem… we now have the lowest number of houses and condominiums on the market since before 2000… and this is causing Toronto’s market to be extremely busy. 

Condo purchases have been very steady, taking up just over one-third of sales in the past six months.

What about that ‘bubble’ the media is so f0nd of talking about?  The problem is, they’re comparing this year to 12 months ago – an unfair comparison considering the world was imploding then. 

When you compare current 2010 sales to those of 2008 or 2007, the changes are not so dramatic.

Take a look at the chart below.  You’ll see that the average sale price on the Toronto Real Estate Board increased a modest 5.5% annually on average over the last 13 years. 

Compare this to double-digit sale price increases across many US communities in the first several years of the decade – which caused their market to crash and reprice itself.  Unlike the Americans, our busy markets are almost confined to two major cities – Toronto and Vancouver – and this is due to the strong economies, and buyer confidence, in both.

January 2010’s average sale price for condos and houses in Toronto was $409,058, actually down 0.7% from December 2009’s average.  The February 2010 average to the mid-month point was $429,997 – definitely a leap up if it is sustained in the coming months. 

TREB Sale Price Data

 Remember that we hit a high of $423,559 for the average sale price in October of last year which couldn’t be sustained.

We’re certainly seeming some effects from the advent of HST as of July 1st.  Infill home builders are seeing increased sales with deliveries prior to the end of June. 

I’ve had a couple of resale clients tell me they’d like to close prior to the introduction of the HST to avoid the extra tax on the various closing expenses. 

If it’s like the advent of the City of Toronto land transfer tax two years ago, people will be held back for a few months but will soon take the additional costs into account almost naturally and the extra bit of tax will just be another ‘cost of doing business’.

If you’d like to peruse the entire January 2010 Toronto Real Estate Board MarketWatch Report, click here.

A part of our company’s business philosophy is to give back to our community in which we live.  One of the ways we do this is through our annual RE/MAX Hallmark Scholarship Program.

Each year the sum of $10,000 is awarded to a number of university aged children of present and past clients of RE/MAX Hallmark Realtors.

We are now accepting applications for the 2010 Fall Semester.  The deadline for application submission is March 31st, 2010.

Please click on the links below to see the program criteria and to download a scholarship application form.

If you’re one of our present or past clients (going back to 1983 ), we encourage you to take advantage of this wonderful opportunity to assist you with your children’s future.

Click here to look at the scholarship criteria.

Click here to download the scholarship application.

If you’ve read or listened to the news at all, you know that the Harmonized Sales Tax (HST) is on it’s way here in Ontario. The provincial government has announced that it intends to combine the eight percent Provincial sales Tax with the five percent federal Good and Services Tax, creating a thirteen percent HST.

The HST is not yet in effect. The provincial government has indicated that it intends to bring the HST into effect beginning on July 1, 2010, however there are transition rules in place. The HST will not apply on the purchase price of a resale home, but it will apply to services such as moving costs, legal fees, home inspection fees and Realtor® commissions. The HST will apply to the purchase price of newly constructed home however, the Province is proposing a rebate so that new homes across all price ranges would receive a seventy-five percent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.

So it is important to remember that sales of resale residential housing and long-term rentals or residential housing will be exempt for HST purposes, but you will pay HST on the other services related to the sale or purchase of a house (real estate commissions, lawyer fees, moving services, home inspections, etc.)

Waterfront Toronto and Harbourfront Centre plan to replace the 212-spot surface parking lot — a 1.4 hectare area in the heart of the Harbourfront Centre site — with an underground parking garage.  This important new piece of parking infrastructure will open up this spectacular waterfront site for future public space including Canada Square, a beautiful [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2247subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/8jvWHjDPMa8″ height=”1″ width=”1″/

By David Dunkelman
Toronto can experience some pretty harsh winters. Want to avoid them? Check out PATH, Downtown Toronto’s underground walkway that links 27 kilometres (16 miles) of shopping, food courts, services and entertainment destinations. PATH is accessible from most Toronto neighbourhoods via the Yonge-University-Spadina subway line.
PATH provides an ice- and snow-free shopping experience in the [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2219subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/D6ZLgmzzZ2Q” height=”1″ width=”1″/

The Toronto Real Estate Board released the mid February 2010 statistics for the Greater Toronto Area.  The number of sales to date was 3,555 in the first half of the month compared to 2,044 in mid-February of 2009.   The average price for the GTA was $429,997 mid-February of last year compared to $364,748 this year.
In [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2252subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/K56yTeXwWHk” height=”1″ width=”1″/

OTTAWA – February 17th, 2010 – According to statistics released by The Canadian Real Estate Association, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined in January 2010 from the previous month.
Seasonally adjusted national home sales dropped 2.8 per cent from near record levels reported in [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2249subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/vBX4KlRk4Pg” height=”1″ width=”1″/