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market news: Fall Market Predictions - 08/21/09 12:56 PM
This spring and summer market has had a shortage of good listings for active buyers. The demand has been high and the supply has been low. All of the classic ingredients of a sellers' market.
The fall market is around the corner, and predictions have already been made.
The experts are predicting that the current market we are experiencing in Toronto will cool off in the upcoming months - prices will stabilize and we will get back to a better inventory supply.
So frustrated buyers, dealing with bidding wars, and lack of choice, will most likely be pleased with the road ahead.
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market news: Toronto's Real Estate Market On The Up-Swing - 03/25/09 03:20 PM
I have been noticing a definite up-swing in the market. Listings are selling faster, and I'm evening seeing multiple offers.
This spring market has shown a drastic improvement from the end of 2008, and I believe might be shifting in the sellers' favour.
I believe a lot of has to do with the media reporting increased property values in the U.S., along with the American banks clearing some of their "toxic assets" of their balance sheets (credit card and mortgage loans that have gone into default). The DOW Index has shown a recent spike, along with an increase (3+%) in spending of large ticket items in … (0 comments)

market news: TREB Reported 4,120 Resale Housing Transactions in February - 03/08/09 12:08 PM
Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year."A considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers, who were aware that market conditions changed over the past few months, were able to negotiate transactions acceptable to both parties," said Toronto Real Estate Board President Maureen O'Neill.On a month-over-month basis, sales and average price were above January levels of 2,670 and $343,632 respectively. The housing market is seasonal. … (1 comments)

market news: Bank Credit is Flowing to Canadians - 02/24/09 08:14 PM
In his February 19 Toronto Star opinion-editorial piece, TD Chief Economist Don Drummond tackles four prevailing myths about Canadian banks.
Chances are, you've heard one or more of the following statements over the past few months:
· Canadian banks aren't lending;
· Banks are hoarding cash;
· Banks have been bailed out with taxpayers' money and
• the Pursuit of bank profits is a detriment to the economy.
 
If you subscribe to the idea that there's a grain of truth in every myth, Don Drummond offers an explanation for how these perceptions turn to beliefs, along with a rebuttal fit for any dinner table … (0 comments)

market news: Buy Toronto Real Estate Now!! - 01/25/09 08:00 AM
All of the senior agents I speak with (which have experienced the ups and downs of our markets over the past 30 years) and the recent CMHC market forecast I recently attended, all strongly believe that for the next 6 months buyers should take advantage of our current market.
They don't see the market staying the way it is, as in past recessions. Previous real estate recessions had elements in it which we do not have. Higher interest rates, higher unemployment and higher inflation to name a few. This market is different. When the market turns around, prices will increase, and mortgage … (1 comments)

 

Casey Ragan

Toronto, ON

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RE/MAX Hallmark Realty Ltd.

Address: 723 Mount Pleasant Road, Toronto, ON , M4S 2N4

Office Phone: (416) 486-5588

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