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real estate market: 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)

real estate market: Market Still Booming Past Spring - 07/01/09 10:00 AM
I can always tell when a sellers' market is upon us. When a condo has just been put on the market, and that same day I'm lining up in the hallway with my clients, along with other agents and their clients, trying to get in to show the unit. Multiple offers, buyers bidding irrationally, and negotiations are becoming more infrequent. A tough market for buyers, but the sellers are now back in the game. Consumer confidence is back up, and it looks like it's going to be a busy Summer for me. Usually in the Summer, the market tends to cool a little, but it is … (0 comments)

real estate market: Real Estate - The New Market Reality - 06/24/09 01:14 PM
As stability returns to residential real estate markets across the country, buyers and sellers are breathing a sigh of relief. The carnage south of the border has failed to materialize in Canada and all indicators - economic and otherwise -- point to a housing market on the upswing.Buyers who moved in the midst of uncertainty, ignoring warnings from doom and gloom forecasters, economists and naysayers, snapped up some of the best real estate deals this market has seen in years. By contrast, those who panicked and chose to sit it out on the sidelines are now facing rising interest rates and-in … (0 comments)

real estate market: Prices Going Up In Toronto - 02/20/09 07:21 PM
I think I should share the recent statistics, that were recently presented to me by my Broker. In January 2008, the average sale price for our Brokerage's listings was $387,000. The average sale price this January was $412,000. Even though the media will have you believe that prices are still down, you can see that is not the case.
This statistic is important, as my Brokerage, RE/MAX Hallmark Realty Ltd. has completed the most transactions in Toronto in the past few years. I believe that gives this statistic credibility.
So don't believe everything you see on TV or read in the newspaper. GTA averages aren't a … (0 comments)

real estate market: Why Canada will Not suffer a US Real Estate Meltdown - 10/13/08 07:35 AM
 
Attached is an excellent report put out by one of the most respected Ecumenist's in Canada , Benjamin Tal.
 
It is an easy read and is NOT written in economic babble.
 
In short , Tal covers 3 main topic's that could "Trigger" a US type meltdown.
 
1    Market Balance & Location - currently we are in a balanced market but will be in a buyers market by next year. BUT these are national figures and are being driven more by Western Canada than the GTA
 
2    Rates in relation to Affordability - comparing current affordability to 1990, rates … (0 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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