Spacious Waterfront Condo
• 1,200 sq. ft., 2 bath, 2 bdrm apartment - 
MLS® $2,500 CAD Monthly
Queens Quay, Toronto - Bright & Spacious 2 Bedroom Corner Unit [Approx 1200Sq.Ft] In Prime Waterfront Queens Qauy Locationj.. Breathtaking Lake & City View. Excellent Building Ameneties With Indoor/Outdoor Pool, Fitness Centre, 24 Hrs. Security/Concierge. Great Location...Steps To Union Station, Financial District, Harbourfront Centre, CN Tower, ACC & Major Attractions.
Stainless Steel Appliances [Fridge, Stove, Dishwasher, Stove, Microwave] Ensuite Washer & Dryer.***Rent Includes Parking, Locker & Utilities]
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Colonial/Burnhamthorpe, Mississauga - We invite everyone to visit our open house at 3349 Ingram Cres. on October 18 from 2:00 PM to 4:00 PM.
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Breathtaking Lakeview
• 1 bath, 1 bdrm apartment - 
MLS® $339,000
Downtown, Toronto - Spacious 1+Den On A Higher Floor. Lake View From Bedroom, Living Room & Balcony. Great Layout Generous Size Bedroom & Den. Six Appliances, Laminate Flooring, Open Balcony, Floor To Ceiling Windows. Very Well Kept Unit. Excellent Location Steps To Union Station, Financial District, Harbourfront, ACC & CN Tower.
Excellent Ameneties In Building Include Indoor Pool, Fitness Centre, Aerobics Room, Business Centre, Virtual Sports, 24 Hrs Security / Concierge, Guest Parking & Party Room.
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The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. The Bank Rate is correspondingly lowered to 1/2 per cent.
The Bank expects core inflation to diminish through 2009, gradually returning to the 2 per cent target in the third quarter of 2011 as aggregate supply and demand return to balance. Total CPI inflation is expected to trough at -0.8 per cent in the third quarter of 2009 and return to target in the third quarter of 2011.
Today's decision to lower the policy rate by 25 basis points brings the cumulative monetary policy easing to 425 basis points since December 2007. It is the Bank's judgment that this cumulative easing, together with the conditional commitment, is the appropriate policy stance to move the economy back to full production capacity and to achieve the 2 per cent inflation target.
Source: Bank of Canada
In March 2009 Toronto Real Estate Board reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than fiveper cent from the same month last year.
“The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months. In fact, over the past two months, the situation in the housing market has improved.”
The seasonally-adjusted annual rate of sales increased to 65,600 in March – up 36 per cent from the ten-year low reached in January.1 “Sales in March increased at a rate over and above what would be expected from the normal spring-time bump a greater number of households have taken advantage of increased affordability in the housing
marketplace.”
Source: Toronto Real Estate Board
• 1 bath, 1 bdrm apartment - $1,450 CAD Monthly
Downtown, Toronto - Spacious Unit On A High Floor With Large Open Balcony Offers A Great View Of Lake a=And Downtown. Six Appliances, Granite Counter And Ceramic Backsplash In Kitchen. Marble Foyer, Spacious Layout With Open Den.
Great Location, Steps To Union Station, Financial District, Harbourfront, CN Tower, ACC, Rogers Centre And All major Attractions.
Infinity Condominiums Provide Great Ameneties Including 24 Hrs. Concierge / Security, Indoor Pool, Sauna, Whirlpool, Fitness Centre, Aerobics Room, Billiards, Virtual Sports, Lounge, Theatre, Business Centre And Guest Suites.
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The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent.
The Bank's decision to lower its policy rate by 50 basis points today brings the cumulative monetary policy easing to 400 basis points since December 2007. Consistent with returning total CPI inflation to 2 per cent, the target for the overnight rate can be expected to remain at this level or lower at least until there are clear signs that excess supply in the economy is being taken up.
The Bank will continue to monitor carefully economic and financial developments in judging to what extent further monetary stimulus will be required to achieve its 2 per cent inflation target over the medium term.
The next scheduled date for announcing the overnight rate target is 21 April 2009.
Yesterday's federal budget has several incentives for home buyers & home owners as well:
1.Home Buyers Plan - 1st time homebuyers can now withdraw $25,000 from their RRSPs without any penalty or taxes. This has been increased from the previous allowable amount of $20,000.
2. First Time Home Buyers Tax Credit - tax relief of up to $750 to first-time buyers to help defray closing costs on their purchase.
3. Home Renovation Tax Credit - Up to $1,350 in tax relief for upgrades to your home done before Feb. 1, 2010. For renovations costing $1000 to $10,000
4. EcoEnergy Retrofit programme - a grant of up to $5,000 for changes to your home that add to energy efficiency
Total residential sales for the year 2008 were 74,552 as reported by Toronto Real Estate Board. This is down from the previous year's total of 93,193 is 2007 and 83,084 recorded in 2006. The average price in 2008 averaged $379,347 as compared to $376,236 in 2007 and the $351,941 recorded in 2006.
In the month od December 2008, TREB reported a total of 2,577 sales as compared to 4,646 recorded in December 2007 and 4,447 in December 2006.
The City of Toronto (416) recorded 1,105 sales in December, cmpared t 2,302 in december 2007 and 1,827 in December 2006. For all of 2008, there were 29,878 sales, compared to 39,052 in 2007 and 34,404 in 2006
Source: Toronto Real Estate Board
The Greater Toronto Area resale housing market reported 5,155 sales in October, Toronto Real Estate Board announced today.
This represents a 35 per cent decline from the 7,915 sales reported in October 2007 and a 25 per cent decrease from the 6,876 transactions that took place during the same period two years ago.
In the City of Toronto, there were 2,136 sales, with sales activity down 38 per cent from the 3,455 transactions recorded last October.
In the 905 Region 3,019 sales were recorded, with sales activity down 32 per cent from a year ago when 4,460 homes changed hands.
With 68,570 transactions to date this year, sales are within 16 per cent of the 81,563 transactions noted a year ago. The 2007 market referred to was a record breaking year with each month breaking records for the entire year. Putting into perspective 2008 figures are indicative of a return to a more balanced market.
In the City of Toronto 27,324 sales year-to-date are within 18 per cent of the 33,441 transactions recorded last year at this time.
In the 905 Region the 41,246 sales to date are within 14 per cent of the 48,122 homes that changed hands up to this point a year ago.
In the City of Toronto, the current average price of a home is $376,896, down 13 per cent from last October’s average of $434,022 and within three per cent of the October 2006 average of $386,807.
In the 905 Region homes are selling for an average price of $336,049, a decline of eight per cent from October 2007’s average of $364,142. Prices in this area however, remain one per cent higher than the October 2006 average of $332,822.
“Earlier this year the International Monetary Fund undertook a study of housing markets in 17 countries and found that Canada was one of only two nations in which house prices are supported by the economy, There’s no doubt that real estate will continue to be a solid long-term investment in our country.”
Source: TREB
An increasingly competitive housing environment is prompting a significant number of Ontario homeowners to invest in renovation before listing their homes for sale, according to a recent survey by RE/MAX Ontario-Atlantic Canada. The RE/MAX Survey of Home Buying and Selling Trends in Ontario, conducted by COMPAS Research, in the first half of 2008 found 79 per cent of sellers said they made improvements to their homes two years prior to listing and more than one third (39 per cent) of them did so with selling in mind. Further indicative of how sophisticated sellers and buyers are becoming, 37 per cent of sellers made upgrades to their home after listing their property for sale. Home sellers are typically spending $21,000 on average in renovations; the most popular of which are updating kitchens, hardwood flooring, and new windows.
"Investing in renovation for the purpose of selling a home continues to grow in 2008," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. 'Changing market conditions are largely responsible for the upward momentum in residential investment which is up four per cent to $6.9 billion in Ontario for the first half of this year, compared to last year at the same time. We are seeing two clear trends emerging with some homeowners looking to boost resale value by renovating and others choosing to bring their home up to today's standards by upgrading areas that are dated. In either case, the end result is a product that will more likely yield top dollar when it is time to sell."
Moderate activity and strong prices continued to characterize the Greater Toronto Area (GTA) resale housing market during the first half of July.
The average price in the GTA during the first half of July was $379,072, which is a one per cent increase from the $374,254 recorded in the first two weeks of July 2007 and a nine per cent increase from $346,267 recorded during the same period in July 2006.
In the 416 area, the average price was $419,199, up one per cent from the $414,321 recorded during first half of July 2007 and up 14 per cent from the $367,541 recorded during the same period two years ago.
At $353,257 the 905 region’s average price was up two per cent from $345,741 recorded in the first half of July 2007 and up six per cent from $332,733 recorded during the same period in July 2006.
Continued strength in house prices throughout the GTA indicates that consumers continue to recognize the value of real estate as a long-term investment.
Source: Toronto Real Estate Board
Prices continued their upward trend in the first half June. The GTA average price is currently $398,542, up four per cent over the $384,576 average from the same timeframe a year ago and up 11 per cent from the $358,648 recorded at mid-June 2006.
In the City of Toronto the current average price is $439,469, up three per cent over the $424,888 average a year ago and up 14 per cent over the $386,960 average in the first half of June 2006.
In the 905 Region the average price is $371,686 up four per cent from the $357,359 average a year ago and up 10 per cent from the $338,578 recorded at mid-June 2006.
In the City of Toronto 1,733 sales took place to mid-June 2008. This represents a 15 per cent decrease compared to the 2,045 properties sold a year ago but a two per cent increase over the 1,690 transactions in the first half of June 2006. A different story emerges when you compare the first half of June 2007 before the Toronto Land Transfer Tax went into effect to the same period in June 2006, a period showing a 21 per cent increase in sales.
With employment and interest rates holding steady and a 17 per cent increase in available listings compared to a year ago, it is an ideal time to take advantage of all that the market has to offer.
Source: Toronto Real Estate Board
TREB Members saw 9,411 sales of single family dwellings in May, TREB President Maureen O’Neill announced today. “While off last year’s pace, a 9,000 plus sales month is certainly indicative of a healthy market,” said the President.
Prices trended upward on a year-over year basis, with the overall average going to 398,148, up four per cent over the May 2007 figure of $382,787.
The City of Toronto experienced a three per cent increase, to $434,271 over last May’s $422,163. The 905 suburbs averaged $374,629, up five per cent over the same time last year, when the corresponding figure was $355,341.
Source: TREB Market Watch
Slightly more than one-third of Torontonians (34%) would consider owning a condo solely for investment purposes rather than as their primary residence. 8% have already made this kind of investment.
Across Canada, condo popularity is steadily increasing. Almost half of urban Canadians (48%) indicate they would consider buying a condo as their primary residence, up from 39% in 2007
Toronto is blessed with one of the most vibrant condo markets in Canada in terms of price ranges, building styles and amenities The fact that Torontonians have a wide range of pricing preferences, from low-end to high-end, reflects the variety available to buyers.
With economists predicting improved affordability in Canadian housing markets this year and next, this should make condos even more affordable for Torontonians entering the market for the first time
Less maintenance is still the main attraction for Torontonians
- Energy efficiency is high and growing in importance
- Lowest in importance: "owning a brand new condo"
Source: TD Economics