Varun Mathur, Broker

TREB reported 2,790 sales through the Multiple Listing Service® (MLS®) during the first two weeks of July 2010. This represented a 37 per cent decrease compared to the 4,437 sales recorded during the same period in 2009. New listings decreased by eight per cent annually to 5,184. “Last summer existing home sales spiked well above the ...

Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX. The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Moderate sales and healthy price increases continued to characterize the GreaterToronto Area resale housing market during the first half of May,With 4,422 sales throughout the GTA in the first two weeks of this month, activity has declined 12 per cent compared to the 5,003 homes sold during the first half of May 2007, Prices however, continue to ...