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…

How much house can your rent buy?

This month, I’m featuring an article by my mortgage guru, Peter Majthenyi from Mortgage Architects. This is for all of your renters out there so you can stop building up someone else’s home equity and net worth! If you are a landlord, I apologize. 🙂 In this article, Peter discusses how new mortgage options can make owning a home a…

New mortgage products put home buying within reach!

Like many first time home buyers, you may be paying a decent amount of rent each month, and may have already figured out the downpayment situation. But the cost of housing in Toronto may still seem prohibitive and you might not feel like you want to deal with the mortage payment to get into the home or neighbourhood that you…

February 2007 Market Watch

Ok, so we do have some fair-weather home buyers, but the cold snap in February didn’t dampen home shopping spirits too much. February 2007 was the second-best ever for sales activity with 6,772 sales, just higher than 2006’s 6,756 sales. TREB President Dorothy Mason commented, “While the weather last month may have been cold, Toronto’s resale housing market remained hot,”…

January 2007 Market Watch

Our delayed winter meant a lot of people were buying homes in January! Sales activity was up 6% over last year. Not only that, but higher temperatures resulted in higher prices. Average prices climbed up 5% over December and up six percent over January 2006. But one month, especially the first one of the year should not be the benchmark….

Creating a ‘Green’ Home

With rising energy costs and the disastrous impact on the environment we can no longer wash our hands of doing what we can to help. Although we haven’t yet seen many buyers pushing for ‘green’ homes, I predict this will be the next trend on buyers’ wish lists (and hopefully a permanent one). So, what can you do easily, right…

Market Watch – 2006 Report and the Year Ahead

2006 at a glance… In the City of Toronto, 34,404 sales were recorded while the resale market was at its most active, up one percent over 2005. The average price rose five percent from $335,907 to $351,941. What does this mean for you? If you’re waiting to get into the market until the economy slows down and prices drop then…