GTA REALTORS® RELEASE MONTHLY MARKET FIGURES

Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.

“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver. “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

Read more at:

http://communications3.torontomls.net/newstand/news/2012/mn1202/pdf/nr_market_watch_0112.pdf

 GTA MONTHLY RESALE MARKET FIGURES

Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.

"Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs," said TREB President Richard Silver. "If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area," added Silver.

The average selling price in December was $451,436 – up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

"Months of inventory remained below the pre-recession norm in 2011

To Read more Click Here.

Today is Jan 3rd but it is still the first working day of this year. Most of the offices remained closed yesterday.

I had a Home inspection on 1st, a listing presentation yesterday ( which went fine) and have a showing late in the evening ! In total I have been working all these days and could not take off. That's what we have in this business. Its the service witch comes first. You provide the service and the business will come.

Its the coldest day in GTA area. The min temp. will go down to -16 degree centigrades but I will be busy. 

I had a home inspection today. While everyone was relaxing I think I was the only guy working. But I was happy.

I have a listing presentation tomorrow too. Isn't it a great start in 2012! I think it is. But, it is the hard work I did in year 2011.

Thats what the Real Estate is about. Just keep it up !

While most of us took a break on 1st Jan but I was busy somewhere else serving  one of my client !

What a good start it can be on the first day ! I had a Home Inspection at Derry Rd and Mavis Rd in Mississauga.

Just sold a detached home two days ago in a new neighborhood, close to Sobey's, 407, 401, 410 and heartland.

The prices of homes under 2400 sq foot are going around $580000 !

The inventory of homes for sales in this area is low but there will be somethingnew coming up in next four months times.

Are you thinking of moving to this area ! Just give me call to know more about this location !

Have a Wonderful Happy New Year !

525 Novo Star, Drive, Mississauga - SOLD Just sold one of my listings at Derry Rd W and Mavis Rd in Mississauga. In fact the property got sold on the 10th day of listing, but the condition of status certificate took around a week ( It is normal time to review the status certificate by the buyer's lawyer) to make it firm. For Sellers - Are you thinking of Selling your home? For Buyer - Do you want to move into this location? Please fell free to contact me or visit my website http://www.greatgtahomes.com

Map of 525 Novo Star Dr, Mississauga, ON 

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Couple of months ago, Toronto Real Estate Board brought a big change in mls search. Earlier It used to be disctrict wise search but that is no longer available. Thought all the Realtors still find the the older way much easier but the board feels its more professional and better to serve communities wise.

Here is a quick glance at Communities in Mississauga:
(So if you are searching for a home in Mississauga, you may have to key in these words!)

Airport Corporate
Applewood
Central Erin Mills
Churchill Meadows
City Centre
Clarkson
Cooksville
Creditview
Dixie
East Credit
Erin Mills
Erindale
Fairview
Gateway
Hurontario
Lakeview
Lisgar
Lorne Park
Malton
Mavis-Erindale
Meadowvale
Meadowvale Business Park
Meadowvale Village
Mineola
Mississauga Valleys
Northeast
Port Credit

Rathwood
Sheridan
SheridanPark
Southdown
Streetsville
WesternBusinessPark

If you are looking to move in to any of these area, please fel free to call anytime or visit my wbsite http://www.greatgtahomes.com

Great blog Carol. It just happened with one of my client last week.

We got to be very careful. When your buyer goes to his mortgage agent that is the time where he/she tries to exploit the situation.

End result is, brief thoroughly your buyers, have a representation in place and let them know you can also assist them in mortgage financing. Tell them what to say when they meet another agent (or mortgage broker) at open house.

There are many free and inexpensive ways to conserve energy in your home. Some improvements for your home will cost money, but these are often good investments that will reduce your electricity bills in the future.

Remember these main conservation ideas:

Shift electricity use to off-peak periods. $
With small meters and time of use pricing you can save money by switching some of your energy use to mid-    and off-peak hours when electricity prices are lower.

Unplug electronic items not in use.
Many electronic items — computers, TVs, cell phone chargers — continue to consume small amounts of electricity unless they are unplugged. Try plugging these items into a power bar with a switch, so you can easily turn them off when they are not in use.

Choose energy-efficient products.
Consider energy savings in your buying decision. ENERGY STAR® appliances and compact fluorescent light bulbs consume less electricity, so your costs will be reduced.

Ontario government has taken off 10% off the electricity bill – including electricity costs, regulatory charges, the debt retirement charge and taxes. 

This is due to the fact that Ontario’s long term energy plan is moving our province to clean sources of power while shutting down coal plants that pollute the air we breathe. Upgrading and modernizing our infrastructure is helping to provide reliable power to our homes and businesses.

You will be receiving the Ontario clean energy benefits on every bill for the next five years as our province continues to build our energy future.