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toronto real estate 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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toronto real estate news: 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)
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toronto real estate 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)
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toronto real estate news: Overcoming Buyer Reluctance - 01/29/09 02:49 AM
This is a good article on how buyers should think in a buyer's market.
Here's an excerpt from Gary Keller's new book:
"A buyers' market should be just that-a buyers' market. It's not a fence-sitting, waiting, loitering, delaying, dawdling, postponing, vacillating, hesitating, wavering, faltering, pausing, foot-shuffling market. It's a buyers' market. By its very name it means buyers should be doing one thing and one thing only-buying. So where are the buyers, and why aren't they buying?
The great irony of a buyers' market is that even though the opportunity to buy is high, buyer urgency tends to hit an all-time low. The … (0 comments)
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Casey Ragan
Toronto,
ON
More about me…
RE/MAX Hallmark Realty Ltd.
Address: 723 Mount Pleasant Road, Toronto, ON , M4S 2N4
Office Phone: (416) 486-5588
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