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  • VIP Sellers Program 9   Reason to Join Our VIP Sellers Program! We   Guarantee the Minimum Sale Price before signing the agreement! - Want   to make sure your home is sold at best price in the area? Our VIP   Sellers get a fully written Guarantee of...

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  • Distress Sales/Bank Foreclosures Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It’s not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up. If you’re...

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  • How To Receive Priority Access To ALL New Listings That Match Your Home Buying Criteria Here’s how it works… Our Exclusive Buyer Profile System saves you Time and Money. Simply enter your criteria below and get priority access to ALL homes that match your criteria, including Bank Foreclosures, Company...

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  • Knowing what your home is worth is important information to have if you are thinking of selling your home. Using the information you submit to us in the form below, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in...

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TREB Market Watch – February 2014

March 5, 2014

GTA Q4 CONDOMINIUM REPORT

January 23, 2014

Greater Toronto Area REALTORS® reported the sale of 4,586 condominium apartments through the TorontoMLS system in the fourth quarter of 2013. This result was up by 21 per cent in comparison to Q4 2012 when 3,789 condominium apartments changed hands. Both new listings of this home type during the quarter and active listings at the end of the quarter were down on a year-over-year basis. “This time last year many were predicting that the condo apartment market would experience a downturn, both in terms of sales and selling prices. While there was a temporary lull in sales and price growth in the first half of 2013, we saw an about face in the second half of the year, as buyers realized home ownership remained affordable. As the demand for condos rebounded, competition between buyers increased and the pace of price growth accelerated,” said Toronto Real Estate Board President Dianne Usher. The average selling price for condominium apartments in the fourth quarter was $353,665 – up 6.5 per cent compared to Q4 2012. In the City of Toronto, where condo apartments...
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GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES

January 20, 2014

TORONTO, January 17, 2014 – Greater Toronto Area REALTORS® reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the system were down by a greater 20 per cent year-over-year. “The expectation is that home sales through the TorontoMLS System will be up in 2014. This is because the cost of purchasing an average priced home, including mortgage payments, property taxes and utilities, will remain affordable for a household earning the average income in the GTA,” said Toronto Real Estate Board President Dianne Usher. “Aside from the fact that January sales from year-to-year tend to be volatile, the dip in sales during the first two weeks in January was likely due in large part to a lack of new listings. Quite simply, some would-be home buyers could not find a home that met their needs,” continued Ms. Usher. The average selling price for the first 14 days of January 2014 was $515,990...
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Real Estate Market Watch – December 2013

January 9, 2014

GTA REALTORS® Report December 2013 Resale Housing Market Figures

January 7, 2014

Greater Toronto Area REALTORS® reported 4,078 residential transactions through the TorontoMLS system in December 2013 – up by almost 14 per cent compared to 3,582 sales reported in December 2012. New listings entered into the TorontoMLS system were down by almost four per cent over the same period. Total sales for calendar year 2013, at 87,111, were up by approximately two per cent compared to 85,496 transactions in calendar year 2012. “After a slow start to the year, sales growth accelerated to a brisk pace in the second half of 2013. Despite the inclement weather in December, we finished the year with a respectable gain in transactions compared to 2012. Looking forward, I believe that home ownership in the GTA will remain affordable as borrowing costs stay low. The result could be a further increase in sales in 2014,” said Toronto Real Estate Board President Dianne Usher. “The average selling price will be up again in 2014 and by more than the rate of inflation. The seller’s market conditions that drove price growth in the second half of 2013 will...
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Happy New Year, 2014

December 29, 2013
Happy New Year, 2014

Once again the holiday season is here and many of us are busy planning visits with our families and friends. I would like to take this moment and thank you for your past, present and future business; and wish you the warmest of holiday wishes for you and your family. It has been my pleasure working with you in the past, and I look forward to helping you with any future real estate endeavours. Wishing you the very best of this holiday season, from my family to yours… Michael Kagan
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RE/MAX Hallmark November 2013 Real Estate Market Report

December 18, 2013

November 2013 Housing Starts in Canada

December 11, 2013

Housing starts in Canada were trending at 194,014 units in November compared to 195,274 in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “The trend in housing starts has increased slightly since July, before stabilizing in November. Overall, housing starts have been following a trend similar to sales on the existing home market. As sales rise relative to listings of existing homes, buyers are increasingly meeting their needs in the new home market,” said Mathieu Laberge, Deputy Chief Economist at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite volatile from one month to the next. The standalone monthly SAAR was 192,235 units in...
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GREATER TORONTO REALTORS® RELEASE MONTHLY RESALE MARKET FIGURES

December 9, 2013

TORONTO, December 4, 2013 – Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent. “Growth in sales was strong for most home types in the Greater Toronto Area. Sales growth was led by the single-detached market segment followed by condominium apartments. Together, singles and condos accounted for almost three-quarters of total GTA transactions,” said Toronto Real Estate Board President Dianne Usher. “With National Housing Day having just passed, housing affordability is top of mind in the GTA and indeed nationally. Despite strong price growth and an uptick in borrowing costs this year, monthly mortgage payments on the average priced home remain affordable for a household earning the average GTA income,” continued Ms. Usher. The average selling price for November 2013 TorontoMLS transactions was $538,881 – up by 11.3 per cent in comparison to the average of $484,208 reported...
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Tral Estate Market GTA – October 2013

November 11, 2013

Need Toronto Zoning Information? Watch This Video!

October 29, 2013

The City of Toronto enacted a new zoning by-law in May 2013. The City has several useful tools on their website to help you search for and understand zoning information including an interactive map.

To help you understand how to work with the City’s zoning map, we’ve created a brief tutorial video that highlights the site’s key features. If you want to view it in the future, this video is housed within the Learning Centre of TorontoMLS/New Stratus.

To watch the video now, click the image below

Alternatives to masonry fireplaces

October 10, 2013
Alternatives to masonry fireplaces

Nothing beats the ambience of a wood burning fireplace – cozy heat, beauty, and that familiar, inviting crackle. However, traditional wood burning fireplaces require specialized masonry construction, a fair amount of space, and often additional structural support due to the heavy weight of materials used. For new construction or remodels, homeowners can consider the alternative of zero-clearance fireplaces, which are available in wood burning, gas, or even pellet burning versions. Zero-clearance fireplaces that burn fuel (as opposed to electric models) require special ventilation systems for safe and efficient operation. However, these fireplaces can be installed almost anywhere in the home. Unlike traditional masonry fireplaces, zero-clearance fireplaces can be located very close to existing walls. The exteriors of these units do not get hot enough to ignite nearby combustible materials like walls or floors, so a brick or masonry hearth or firebox isn’t needed. This flexibility of placement means a master bedroom, den, or even a kitchen can take on a newly inviting atmosphere with the addition of a fireplace. Available in many different sizes and styles, zero-clearance fireplaces can be...
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GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

October 8, 2013

– Greater Toronto Area REALTORS® reported 7,411 residential sales through the TorontoMLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year-to-date, total residential sales reported through TorontoMLS amounted to 68,907 during the first nine months of 2013 – down by one per cent compared to the same period in 2012. “It’s great news that households have found that the costs of home ownership, including mortgage payments, remain affordable. This is why the third quarter was characterized by renewed growth in home sales in the GTA. We expect to see sales up for the remainder of 2013, as the pent-up demand that resulted from stricter mortgage lending guidelines continues to be satisfied,” said Toronto Real Estate Board President Dianne Usher. The average selling price for September transactions was $533,797 – up by 6.5 per cent year-over-year. Through the first three quarters of 2013, the average selling price was $520,118 – up by over four per cent compared to the first nine months of 2012. The MLS® Home Price Index composite benchmark...
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August 2013 Sales and Average Price Up Over 2012

September 25, 2013

– Greater Toronto Area REALTORS® reported 7,569 residential transactions through the TorontoMLS system in August 2013. This represented a 21 per cent increase compared to 6,249 sales in August 2012.

“Sales were up strongly this past August for all major home types compared to last year. Many households have accounted for the added costs brought on by stricter mortgage lending guidelines and have reactivated their search for a home. These households have found that a diversity of affordable ownership options exist throughout the GTA,” said Toronto Real Estate Board President Dianne Usher.

The average selling price for August 2013 was $503,094 – up by almost 5.5 per cent compared to the average of $477,170 in August 2012. The MLS® Home Price Index (HPI) composite benchmark was up by 3.7 per cent over the same period.

“Despite an increase in borrowing costs during the spring and summer, an average priced home in the GTA has remained affordable for a household earning an average income. With this in mind, tight market conditions are expected to promote continued price growth through the remainder of 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES

August 21, 2013

TORONTO, August 16, 2013 – Greater Toronto Area REALTORS® reported 3,359 sales through the TorontoMLS system during the first two weeks of August 2013. This result represented a 22 per cent increase compared to 2,743 sales in August 2012. Sales were up on a year-over-year basis for all home types. Total new listings were up over the same period, but by a much lesser rate than sales. “The strong annual sales growth experienced in July was sustained in the first two weeks of August. The fact that sales were up for all major home types in the City of Toronto and surrounding regions suggests that a wide range of buyers are active in the marketplace today – from first-time buyers through to existing home owners whose housing needs have changed,” said Toronto Real Estate Board President Dianne Usher. The average selling price during the first two weeks of August 2013 was $494,617 – up three per cent in comparison to the same period in 2012. “Sales growth that is stronger than new listings growth is indicative of more competition between...
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