| Recent Blog Posts by Robert Atkinson | ||
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 Robert Atkinson
on February 14, 2012
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Canada continues to shine as a place to call home.....
I was following up on a report from Scotia Capital about the world economy and was pleased to see something that matched what we in the industry have been seeing first hand....Canada continues to have a good economy and is a great place to be invested in real estate. Below is a direct quote from the report which I have included a link to further down in my blog.
"Canada’s housing ...
Posted by Robert Atkinson
on September 28, 2011
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Home prices set to plummet!Lately I"ve been asked by friends, family and even people I meet on the street who find out I"m in real estate, "I hear prices are going to drop by 25%. Prices are so high, it's about time."
My general response is the same. Yes, prices might drop by 25%, or they might go up even more! When we look at the information that is causing the prices to go up it really doesn't seem possible ...
Posted by Robert Atkinson
on August 10, 2011
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Sellers market?Toronto Real Estate Board states “The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth,” which has pushed home prices up to a 9% increase over last April, setting the average home price to $477,407. There is an expectation that this new spike in prices will encourage ...
Posted by Robert Atkinson
on May 7, 2011
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Are prices expected to climb or decline?Everyone is interested in real estate, even if they're not buying or selling. Lately one of the most common questions I get is "Is the market still slow?" I find this really interesting as the market is really quite strong right now!
Most homes are selling within a week and often with multiple offers. There are a number of factors at play as to why this is happening and it's best ...
Posted by Robert Atkinson
on January 2, 2010
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Strong Sales Continue In AugustIn August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories ...
Posted by Robert Atkinson
on September 10, 2009
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Invest in real estate AND get a tax break, how is this possible?There is a 'secret' out there that many people are not aware of that allows them to invest in income producing real estate and also get tax deductions for up to 6 years!
Instead of putting a monthly amount into RRSP's and then praying that they are wisely invested (mine slid over 34%!) you can put this same money into an investment plan that has you owing a share of a commercial property with solid ...
Posted by Robert Atkinson
on March 28, 2009
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How's the market?The market is being reported as a 'balanced' market where there is a good ratio between the number of buyers and sellers. Prices are coming down and homes are taking longer to sell but, they are selling and a well priced home will sell quickly. On average, homes in N11 are selling in about 45 days and while prices are declining there are definitely NOT sliding (tanking, plummeting, nose-diving ...
Posted by Robert Atkinson
on January 15, 2009
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Greater Toronto Home Resales at 1,500 in Mid DecemberTORONTO, December 17, 2008 -- Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O'Neill announced today.
The average price of a home in the Greater Toronto Area is currently $360,652. This compares to an average of $404,707 recorded during the first ...
Posted by Robert Atkinson
on January 15, 2009
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How are home prices affected by the economy?
Understanding today's real estate market and how the market impacts the home selling process can be confusing. This report is designed help you make the right decisions for your family by helping you understand the market and its impact on the selling process.
The real estate market is a simple function of supply and demand.
In real estate, supply is the total number of homes ...
Posted by Robert Atkinson
on November 10, 2008
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I want to wait until the spring to sell my home....Seems every where we turn there is news from the US of failed banks and economic uncertainty. Many people are 'wanting' to move to a home that is better suited to them but that if they wait until the spring they will be able to get a better price for their home. Now, I'm not a psychic or able to see the future but I do have good common sense and the market indicators are pretty clear.... ...
Posted by Robert Atkinson
on October 3, 2008
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