Markets & Mortgage

In April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up two-thirds compared to January’s ten-year low….

Signs of an Early Rebound

Check out this link for the full Globe and Mail Real Estate feature to find out what homes are selling for where you live… http://beta.theglobeandmail.com/globe-investor/early-signs-of-a-rebound/article1061236/

Cheap & Hot….Today’s Market & Mortgages

It’s been a crazy week. I sold a multi-million dollar home in 12 hours. 2 out of 10 homes my buyers want to see have already sold conditionally. I’ve also been in several multiple offers. The number of homes sales is only down 7% from the same time last year according to TREB. Considering the insanity of last year that…

Mortgages & Markets

The Bank of Canada now has no room to further lower interest rates. On Tuesday April 21st the Fed lowered the overnight lending rate to .25% … that’s right .25% … it has never been this low since Canada started recording interest rates at the beginning of the century. So what’s next? To everyone’s surprise, our Government has assured us…

Where are the biggest price drops?

Last time we focused on hot up and coming neighbourhoods. Today I’m featuring an article from Toronto Life that shares which areas have had the biggest price drops – where less can get you more. As I’ve said all along, real estate is local. Buyers will be pleased to know that if they are looking in the any of the…

Ouch! The New Land Transfer Tax Hurts.

If you’re like most residents of Toronto, you want the city to repeal the new land transfer tax. That’s no suprise as there is evidence that its hurting the market and our economy. Check out the details of a poll conducted by the Toronto Real Estate Board to find out how the land transfer tax is impacting you today… Toronto…

March Market Report – Positive!

Check out this article from the Globe and Mail on the spring market as well as the full Toronto Real Estate Board Market Watch report for March! Spring brings new signs of life in housing marketHints of recovery as volume of existing home sales up 7 per cent in March– Virginia Galt and Josh Wingrove – Globe and Mail Looking…

In the News

Harmonized Tax Increases Costs for Buyers Under the provincial government’s plan, the harmonization of GST and provincial tax will make costs related to the purchase of a home, such as lawyer fees, home inspections and real estate commissions subject to the 8% provincial tax. This applies to homes sold for $400,000 and above. Keep in mind, the additional 8% genearlly…

My Clients Want Your House!

The spring market is heating up. I have a lot of buyers who are ready to move but haven’t found the home they want because supply is so low right now. That’s why I’m proactively putting out a call to action to anyone who is thinking of selling. Check out my buyers wish list to see if your home or…

RE/MAX Hallmark Realty Ltd. Expands its Reach in the Beach

Toronto, ON (March 13, 2009) – RE/MAX Hallmark Realty is expanding its reach in the Beach with the arrival of three award-winning real estate industry veterans from its largest competitor. Twenty-three year veteran, Al Sinclair and his ten-person strong team ranked among the top five producers for his previous company in the GTA, along with Diamond award winners Michelle Walker…