July 2007 Market Watch

July is the fourth month in a row that sales have broken monthly records! “We are running 14 percent ahead of the seven month total for 2005 which became our best year ever.” says TREB President Donald Bentley. “The local resale market is as healthy as it has ever been.” Average prices declined two percent to $366,012 but the decline…

Too Many Hands In Your Pocket!

It seems lately that all sorts of people are trying to put their hands in your pocket….the goverment, the bank, the government again. There’s been a great deal of contreversy about the proposed 100% increase to land transfer taxes, possible increases to property taxes and additional fees for everything else that you do in life. On top of that, the…

June 2007 Market Watch

A few of the home buyers are finally taking a bit of a vacation from shopping. But even though the number of home sales slowed down by 6% compared to record-breaking May, June’s sales were still up almost 20% over the same month last year. The average price of a home went down slightly by less than one percent to…

How to Survive Real Estate

While buying or selling a home may be one of the most exciting things you can do, it is also one of the most stressful. Anyone who says otherwise either doesn’t know, or is lying! Having just recently bought a new house and having sold my own home, I can tell you first hand from my experience…increasingly gray hair, a…

May 2007 Market Watch

Busy, busy , busy….May blows away the record books! We all thought April was something to talk about, having set the record for the most sales in the Toronto Real Estate Board’s history. But May kicked April out by a whopping 18% increase for a total of 11,146 sales, now the best month ever in history. So what does this…

The Truth About Real Estate

This blog is inspired by a great article published by the Toronto Star late last year… We’ve all heard them at various cocktail parties or the minute you tell someone you’re thinking of buying…”Buy the worst house on the best block!” Here’s a look at which real estate truisms are worth paying attention to and which are as fluffy as…

April 2007 Market Watch

Best Day Ever, Best Month Ever! Did Toronto have home shopping fever or what? The highest single day total of sales was on April 30th with 581 sales reported. Even more significant, April 2007 was the highest single month sales total ever reached – an astounding 9,452 sales! (that’s 113% of April 2006). And it looks like May is going…

The Secret…and Your Home?

By now, most of you have heard of “The Secret”. But what does it have to do with your home? The Secret is based on the Law of Attraction – the belief that what you focus on will come to you. If you have seen The Secret DVD, you may recall the story of one of the teachers, Dr. Assaraf….

March MarketWatch – Q1 Report

It’s good news and more good news this month! Average prices moved up three percent in March over 2006 to $365,285 which is ahead of inflation and good for home owners. “But not so rapidly that first-time home buyers will be pushed out of the market,” said TREB President Dorothy Mason. “The GTA continues to have strong employment numbers and…

First Time Home Buyers

Wait! Don’t close this window if you are already a home owner. If you are, great! You know the benefits of homeownership and are probably sitting on a nice pile of equity right now. But you may know someone who is still renting – maybe a friend, a family member. I truly hope you will pass this information on, because…