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 ...

Stellar month for High Rise sales in March High Rise sales for March totaled 2,483 units, making it the third highest monthly High Rise total in the past decade - trailing only June 2007 and July 2007. Once again, a driving factor behind the strong sales was the performance of new project openings. There were ten new project launches in March ...

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 ...

4,601 sales through the Multiple Listing Service® (MLS®) during the first two weeks of April Greater Toronto REALTORS® reported 4,601 sales through the Multiple Listing Service® (MLS®) during the first two weeks of April. This represented a 25 per cent increase compared to the 3,681 sales recorded during thesame ...

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 ...

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, ...