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market reports: Resale Record in July - 08/08/09 09:19 AM
As in June, the Toronto Real Estate Board is reporting another record setting month.
See the below excerpt from this month's Market Watch just released:
In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 - up by six per cent compared to the same month last year."Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA," said TREB President Tom Lebour. "The real estate sector has been one of the sectors making a positive contribution to economic … (0 comments)

market reports: Best June on Record! - 07/06/09 08:26 AM
In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700."The record result in June is testament to the fundamentally sound housing market in the GTA," said TREB President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region's affordable and diverse resale housing market."The average price for June transactions was $403,972 - up by two per cent compared to the same month last year."The re-emergence of seller's market conditions has exerted upward pressure on home … (3 comments)

market reports: Important Message - 12/18/08 04:10 PM
If the cup of coffee you were drinking on Tuesday morning didn't wake you up, the headline on the front page of the Globe and Mail most surely did.
The headlines screamed "Housing sales hit 20-year low as real estate slump widens" followed by huge sub-head noting an 11 per cent decline in prices and a 44 per cent drop in Ontario housing sales in large RED print, based on the December 15th press release issued by the Canadian Real Estate Association.
The only problem with the article is that it is incorrect. In the third paragraph, the author writes "Between … (0 comments)

market reports: The Current Market, and Why It Is So Good - 12/15/08 12:22 PM
I see great opportunity in today's market for buyers and sellers (looking to trade-up). I think that the negativity presented by the media is clouding the judgment of buyers, investors, and sellers moving-up to better properties.
It is true that sellers were getting a greater return in 2007, but at the same time, were paying more on the buyer's side.
Due to super low mortgage rates (lowest in recent history), buyers and sellers (looking to trade-up to a better property) are experiencing the best market in over 10 years.
Investors and buyers dream of the current market conditions, so why all of the … (1 comments)

market reports: Great Article!!! - 12/05/08 11:52 AM
This is an article from Globe and Mail website by Madelaine Drohan. This is a great read and very positive!!!
Madelaine Drohan has covered business and politics in Canada, Europe and Africa in the last 30 years. Twelve of those years were spent at The Globe and Mail, first as a business reporter, then European correspondent and finally economics columnist. She is currently the Ottawa correspondent for The Economist and also writes for the Economist Intelligence Unit.
Crisis? What crisis?
MADELAINE DROHAN
Globe and Mail Update
December 4, 2008 at 12:32 PM EST
OTTAWA - Canada may be in a … (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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