| Recent Blog Posts by Johnder Perez | ||
Market Remains Tight with Sales Up in AprilGreater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago.
“Interest in single-detached homes has ...
Posted by Johnder Perez
on May 3, 2012
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Tight Market Drives Double-Digit Price GrowthGreater Toronto REALTORS® reported 9,690 sales through the TorontoMLS system in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011.
“The GTA resale market has not suffered from a lack of willing buyers this year. Buyers have been spurred on by the positive affordability picture brought about by low mortgage rates,” ...
Posted by Johnder Perez
on April 4, 2012
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Tight Market Pushes the Average Price above $500KGreater Toronto REALTORS® reported 7,032 sales in February 2012 – up 16 per cent compared to February 2011. New listings were also up over the same period, but by a lesser 11 per cent to 12,684. It is important to note that 2012 is a leap year, with one more day in February. Over the first 28 days of February, sales and new listings were up by ten per cent and six per cent respectively.
“With ...
Posted by Johnder Perez
on March 5, 2012
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Strong Sales/Price Growth Continue in 2012Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.
“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident ...
Posted by Johnder Perez
on February 3, 2012
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Second-Best Year on Record for SalesGreater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.
“Low borrowing costs kept Buyers confident in their ability to comfortably ...
Posted by Johnder Perez
on January 5, 2012
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Healthy Fall Market Continues in NovemberGreater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
“We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has been broad-based, with ...
Posted by Johnder Perez
on December 6, 2011
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Pace of Home Sales Remains Brisk in OctoberGreater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010. Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within the same year. After adjusting for seasonality, the annualized rate of sales ...
Posted by Johnder Perez
on November 3, 2011
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September Rounds Out a Strong Third Quarter
Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.
"We have experienced strong growth in sales so far this year, with a much more ...
Posted by Johnder Perez
on October 5, 2011
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Strong August Home Sales in the GTAGreater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August - a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings. "Home sales in the GTA have stood up well despite a less certain economic outlook," said ...
Posted by Johnder Perez
on September 7, 2011
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July Sales and Average Price Up Compared to 2010Greater Toronto REALTORS reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 - down by 1.3 per cent compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure continued to point to an annual sales result close to ...
Posted by Johnder Perez
on August 4, 2011
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TorontoMLS® Sales and Average Price Up in JuneGreater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.
“The strong ...
Posted by Johnder Perez
on July 6, 2011
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Sales and Price Increase in MayGreater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year.
“Positive economic news and low borrowing costs led to strong sales through the first ...
Posted by Johnder Perez
on June 3, 2011
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Tight Market Results in Strong Price Growth in AprilGreater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous five years.
“Existing home sales have been strong ...
Posted by Johnder Perez
on May 4, 2011
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4,138 sales in first two weeks of March 2011Greater Toronto REALTORS® reported 4,138 sales during the first two weeks of March 2011 – a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped – down by 15 per cent compared to the same period last year.
"A positive economic outlook for the Greater Toronto Area, including steady growth in jobs and incomes, has kept households ...
Posted by Johnder Perez
on March 16, 2011
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Average Selling Price Up in FebruaryGreater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010.
While not representing a record, February 2011 sales were 50 per cent higher than the number reported in February 2009 during the recession and slightly higher than the average February sales over the previous ...
Posted by Johnder Perez
on March 3, 2011
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GTA REALTORS® Report Mid-February 2011 Resale Housing Market FiguresGreater Toronto REALTORS® reported 3,084 sales during the first two weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010.
"We are on pace for a strong sales result in February, but transactions will come in lower than the record result reported last February. Sales remain strong because the GTA resale market contains a diversity of housing types ...
Posted by Johnder Perez
on February 17, 2011
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First-Time Home Buyers’ Tax Credit
Program
First-time home buyers may be eligible for a 15 per-cent income tax credit for closing costs.
Details
To assist first-time home buyers with the costs related to the purchase of a home.
The First-Time Home Buyers’ Credit (FTHBC) provides a 15 percent credit on a maximum of $5,000 of home purchase costs (e.g. legal fees, land transfer taxes, etc.), meaning maximum tax relief ...
Posted by Johnder Perez
on July 21, 2010
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