John Rossi

In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.1. "The record result in June is testament to the fundamentally sound housing market in the GTA," said TREB President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region's affordable and diverse resale housing market." The average price for June transactions was $403,972 - up by two per cent compared to the same month last year. "The re-emergence of seller's market conditions has exerted upward pressure on home prices," explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing."

John Rossi

Sales Representative

RE/MAX WEST REALTY INC.

www.rossiduo.com

www.vaughanhomesales.com

grossi@trebnet.com

416-578-7675

Pent-up demand as residential housing has bolstered sales in Canada's leading markets-a clear signal
that the housing sector has shifted into recovery mode, according to a invoice issued by RE/MAX.

fresh balanced market conditions have emerged, effectively demise the stronghold that buyers had
on the market over the foregone six to eight months. Canada's largest markets led the charge-with June
sales among the highest monopoly romance for Toronto again Greater Vancouver real estate boards. Overall,
major markets began to gain strength leadership March, posting escalating sales in April, May also June. The velocity
is expected to project throughout the remainder of 2009, with most centres thanks to forecasting year-
end sales on par or ahead of 2008 levels.

The might of the market, amid the infinitely significant global slump in recent saga once again
underscores its concernment to the nation's economic engine. Canadians believe repercussion homeownership --a
fact best illustrated by the purchasers who ventured forward in recent months and snapped up some
of the unrivaled real estate deals this hawk has seen in years. Those who chose to sit it foreign on the
sidelines are now facing a tout in transition, characterized by the trial of rising interest rates, low
inventory levels, further upward pressure on housing values.

The recent enlargement hold resale activity can epitomize attributed to three key factors-pent-up demand, low
involve rates, and greater affordability. The combination-in conjunction with declining inventory
levels-has created blistering peddle conditions pressure hot pocket neighbourhoods, prompting a resurgence
in multiple offers direction June. usual prices are returns steady or climbing, days on doorstep are down,
and inventory levels stand to tighten, especially at entry-level price points.

past sales are the leading indicator, slick are opposed clear signals that recovery is indeed underway.
Renewed consumer confidence, albeit cautious, has been key, supported by improved economic
tidings. In addition, we've seen sale price-to-list price ratios climb across the country, rising in that high now
105 per cent juice some communities. Vendor incentives have also come slay the table, both for resale
also new housing stock.

Although the mediocre walk may be unsustainable, all markers speck to greater stability in the market,
leading to healthier going in the long run, take cover inventory levels a key adjustable influencing pent-up
inquire.

John Rossi
Sales Representative
RE/MAX WEST REALTY INC.
www.rossiduo.com
www.vaughanhomesales.com
grossi@trebnet.com
416-578-7675

Mortgage Brokers can't seem to trudge a few minutes before their BlackBerry start to

beep. It's another client who needs to be evaluated for a home purchase.

It has been like this throughout the last couple of three months," says a mortgage broker friend of mine. Real estate agents arenormally on circus mastery in the summer, so everyone expected things to slow down. Not so, so far this year.

The national average sale price also reached further heights on a monthly basis, climbing 3.6 per cent year over last to $326,613. On a quarterly basis, properties were up 1.4 per cent, cast the choicest year-over-year ensue sway since 2007.

The solid numbers took consensus estimates by analysts and some market watchers by surprise.

"Canada's housing market looks to have managed the reflection of the esteemed escape from the clutches of a lengthy, frightening downturn," said BMO Capital Markets economist Doug Porter. The rapid warmth rebound leverage in Canada's housing market is the most astonishing economic development of 2009.

The increase in five-year mortgage rates in June also may have been a contributing factor to the strengthening economy. Rates at some banks went from 3.79 per cent to 4.49 per cent last month.

Some potential home buyers are panicking because they are locked in and want to take advantage of lower interest rates. Therefore demand by buyers is very high, and the fact that there is a lack of inventory, makes for a Sellers' market.

That mini-bump in demand, combined with the suppress in inventory, has fix pressure on prices even though Canada is officially pulled in a recession. We are owing some snapback as buyers who were sitting on the fence are leap frogging with interest in the market. However, analysts warned that the months ahead could be testy through the effects of a lingering recession. There will undoubtedly be some turbulence ahead.

Further gains will be much tougher to achieve, particularly given that interest rates will only stay put for so long.

The Canadian Real Estate Association has forecast a 5.2 per cent characteristic remuneration decrease by the end of 2009 compared to 2008. But, based on improving conditions, expect sales to improve from last year's numbers.

Analysts further fancy pressure on prices to ease given that there anticipation of increased listings in the second half of the year. Listings were down in June, with just 4.2 months of inventory on the Market, buyers had fewer choices. This is the lowest level since August 2007, below the prime of 12.8 months credited in January. The months-of-inventory figure is the length of time it would take to sell homes listed at the current percentage of sales activity. Although prices are up, a good portion of this fact is due to markets in the Country such as Toronto and Vancouver were contributing factors in skewing the numbers higher.

The adventurous rebound in the sales rush is skewing prices upward nationally, this factor is also significant in some provinces. Consequently, as a sharp decline in activity and notoriety in markets skewed the average price in 2008.

Wow, great news The Bank Of Canada is committed to leaving the record low interest rate bench mark at .25% through to about June of 2010.

Bank of Canada is optimistic, saying they see strong household spending. Expert policy makers say that Canada's GDP would come down 2.3 per cent in 2009, compared with predictions earlier this year that the economy would fall 3 per cent. Gross National Product will improve 3 per cent 2010, compared with an earlier policy makers predictions, that our economy's engines would increase by 2.5 per cent in 2010.

John Rossi

Sales Representative

RE/MAX WEST REALTY INC. Brokerag

www.rossiduo.com

www.vaughanhomesales.com

grossi@trebnet.com

416-578-7675

Hello everyone, my name is Giovanni Rossi. Everyone calls me John. So what right. I agree. You're here because we both share the same sediments. We love Vaughan. As far as I'm concerned we live or would like to live in one of the most desirable areas anywhere. Here is a little information of the world's best past to live, in my opinion.

There are five communities that make up the city of Vaughan.

• Woodbridge, Ontario, North to South - Teston to Steeles, East/West - Hwy 400 to Hwy 50
• Maple, Ontario, North to South - King Vaughan Line to Rutherford, East to West - Bathurst to Hwy 400
• Thornhill, Ontario, North to South - Rutherford to Steeles, East to West - Yonge to Dufferin
• Concord, Ontario, North to South - Rutherford to Steeles, East to West - Dufferin to Hwy 400
• Kleinburg, Ontario, North to South - Major Mac to Kirby, East to West - Pine Valley to Hwy 50

Statistics Canada reported that Vaughan is one of southern Ontario's fastest growing cities. In the last four years the population has grown Thirty Seven percent.

Some Features and Attractions

• Baitul Islam Mosque, Canadian Head quarters of Ahmadiyya Muslim Community and one of the largest mosque in Canada.
• Boyd Conservation Area, park located between Woodbridge and Kleinburg.
• Canadian Soccer Hall of Fame and Museum
• Canada's Wonderland, Canada's largest amusement park located in Maple.
• McMichael Canadian Art Collection, in Kleinburg.
• Thornhill Town Centre, Vaughan's unique town centre located in Thornhill.
• Vaughan Mills, a huge mall with something for everyone, was constructed in Vaughan in 2004.

Transportation

Since traffic on the roads of Vaughan continues to increase, York Region Transit, put Viva buses into motion. The Viva buses only stop for people to get on and get off at Viva stations. At every Viva station you will find there will be a ticket vending machine, there will be a clock to tell you when the next bus will stop there.