Central Toronto MLS listings, pending and solds for Jan 8, 2009 (edit/delete)
Toronto is divided into 3 major Districts. The West is sub-divided into 10 areas, the East is sub-divided into 11 areas and the Central core, which is the one I will address daily is sub-divided into 15 areas.
Market Update Homes 01-08-09
As of this evening, here is the snapshot of the home market in Central Toronto only
from $300-$500K
New listings detached: 12
New listings semi-detached:4
Condos apts: 50
Pending sales: 0
Sold last week:10 detached and semi
from $501K-1 Mil
New listings detached: 38
New listings semi-detached: 9
condo apts: 9
Pending sales: 2
Sold last week: 6 detached and semi
over 1 mil
New listings detached: 30
New listings semi-detached:1
Condo apts: 2
Pending sales: 0
Sold last week: 4 detached and semi
If you are interested in finding the current market evaluation on your home go to www.team-plant.com and click on Sellers or call me. If you need anything else please feel free to contact me. I am here to help you "PLANT some roots."
Diane Plant, Broker
416-488-2875
Toronto is divided into 3 major Districts. The West is sub-divided into 10 areas, the East is sub-divided into 11 areas and the Central core, which is the one I will address daily is sub-divided into 15 areas.
Market Update Homes 01-07-09
As of this evening, here is the snapshot of the home market in Central Toronto only
from $300-$500K
New listings detached: 7
New listings semi-detached:9
Condos apts: 49
Pending sales: 6
Sold last week:10 detached and semi
from $501K-1 Mil
New listings detached: 44
New listings semi-detached: 17
condo apts: 12
Pending sales: 5
Sold last week: 6 detached and semi
over 1 mil
New listings detached: 46
New listings semi-detached:1
Condo apts: 5
Pending sales: 1
Sold last week: 4 detached and semi
If you are interested in finding the current market evaluation on your home go to www.team-plant.com and click on Sellers or call me. If you need anything else please feel free to contact me. I am here to help you "PLANT some roots."
Diane Plant, Broker
416-488-2875
This will be the start of my new entries on a a daily basis for MLS activity in the Central core of Toronto.
Toronto is divided into 3 major Districts. The West is sub-divided into 10 areas, the East is sub-divided into 11 areas and the Central core, which is the one I will address daily is sub-divided into 15 areas.
Market Update Homes 01-06-09
As of this evening, here is the snapshot of the home market in Central Toronto only
from $300-$500K
New listings detached: 17
New listings semi-detached:10
Condos apts: 64
Pending sales: 0
Sold last week:10 detached and semi
from $501K-1 Mil
New listings detached: 52
New listings semi-detached: 16
condo apts: 21
Pending sales: 2
Sold last week: 6 detached and semi
over 1 mil
New listings detached: 42
New listings semi-detached:0
Condo apts: 5
Pending sales: 1
Sold last week: 4 detached and semi
If you are interested in finding the current market evaluation on your home go to www.team-plant.com and click on Sellers or call me. If you need anything else please feel free to contact me. I am here to help you "PLANT some roots."
Diane Plant, Broker
416-488-2875
I am sitting here tonight as the freezing rain is setting in, reading a lot of blogs. I spent most of the holidays reading blogs, marketing ideas, all about setting goals, and lots of books on marketing. I realize that I have to blog more.
I have been sending out postcards on a bi-monthly basis to a farm area that I selected. After serious analysis, I chose that farm because of the number of sales it had in 2007. So far I have not had one call or email to come out to meet a potential seller or buyer. I know I have to stick to it. I have spent the last two days writing up a new card, one that will be an attention grabber, thought provoking, a reason to call me to come into their home for a market evaluation. I will call my advertising rep tomorrow and get her thoughts on what I have done. I will let you know tomorrow how that went.
I contacted Bill Gassett today and he was kind enough to give me some good advise, which I promply put into action. You're asking what he said? He told me to blog consistently and set up a mybloglog account. Thanks Bill-I did both immediately and here I am blogging.
I was wondering who does weekend caravans instead of doing open housing. I sit open house almost every weekend. 99% of the people coming in are under buyers agency agreements. I am trying to spend my weekends more productively-hence the thought of doing caravans. I am open to comments on this please.
On February 1, 2008, the City of Toronto imposed a Land Transfer Tax (LTT) on the sale of real estate within its municipal boundaries. This LTT requires that buyers pay a tax of about 1.1 percent on the purchase of a house in Toronto.
In the December 2008 a respected study reported that LTT on the volume of sales and on prices using data on the sale of single-family homes in the Greater Toronto Area between January 2006 and August 2008 was significantly down. The data show that the LTT caused a 16 percent decline in the number of single-family homes sold after January 2008 and a 1.5 percent reduction in house values. It was calculated that in its first year, the LTT will cause a reduction in household mobility - at least 3,500 families in the municipality of Toronto will stay in houses from which they would have otherwise moved - and an average reduction in selling price of about $6,400 per house.
The reduction in household mobility means that families will be more likely to remain in houses that are too big or too small, or are too far from their workplace or school. The dollar value of this lost mobility is about $1 for every $13 of revenue that the LTT generates for Toronto's coffers, or about $12 million per year. it was also found that the LTT led to significant new administrative expenses.". You can read the report in full -visit http://www.cdhowe.org/pdf/commentary_277.pdf
Land Transfer Tax Has Impacted Economy as reported by the Toronto Real Estate Board
Members of TREB received a norice that the Canadian Real Estate Association determined that every re-sale housing transaction pumps $33,425 of spin-off consumer spending into the economy on things like renovations, furniture, and appliances. This means that, by causing a loss of 5,000 sales, the Toronto Land Transfer Tax has cost the City's economy about $170 million.
The analysis expects the Land Transfer Tax to continue having a negative impact on Toronto's real estate markets, which is why it is important for everyone to fight this tax now and over the long-term. THE NEXT MUNICIPAL ELECTION WILL BE CRITICAL. We need to get involved.
As a member of the Toronto Real Estate Board I urge you to call or email your City of Toronto Councillor and Mayor David Miller E-mail: mayor_miller@toronto.ca and let them know how upset you are with the decision they made to increase the tax and let's get the decision reversed.
I am an award winning Real Estate Broker in Toronto, Ontario Canada for over 21 years. I sell all over Greater Toronto with my son Jeremy. Representing buyers and sellers. "PLANTING ROOTS"
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