The real estate market in the Greater Toronto Area continued to show great strength in the month of June by posting a record for sales. In total 10,955 sales took place in June 2009 compared to the same period in 2008. That represented a whopping 27% increase over the same period in 2008. Prices were up a modest 2% over last year, as well. Over-all, it appears that the Canadian real estate market is showing strength, compared to what we saw in the October 2008-February 2009 timeframe.
To read more, click (or copy and paste to your browser address line) on the following link: http://www.gtamoves.com/Market_Watch/page_2168648.html
Now is a good time to jump into the market. The real estate market in Toronto, Mississauga and the GTA has come back to life. It's always a Buyer's Market, no matter what the statistics say! Remember, even during slow times, thousands of people in Toronto & the GTA buy and sell homes. Properties are selling quicker and, at times, in multiple offer situations. Things like this may be occurring, but you can still take a more liesurely approach to your home search; it wasn't such a fun experience during the boom days, when you could spend more time choosing your next pair of new shoes than the home you wanted to buy! Many are now taking advantage of the incentives and programs available to them. For example:
You know now is the time to buy. If demand continues this strong, prices are more than likely going to start creeping up. Visit my website www.gtamoves.com or www.vitopirri.com .
The resale market in Toronto and the GTA continues to gain momentum. In the first half of June sales are up 19% and prices are up 2% over the same period last year. Over-all inventory is down a bit, which has made for more of a balanced market. However, bidding wars have re-appeared and are also occurring in areas of the GTA where that has't occurred previously.
To view the statistics visit my website by following this link: http://www.gtamoves.com/Market_Watch/page_2168648.html
The only thing summery right now are the long days, over 15 hours of daylight today. However, the weather is positively Octoberish. Cool, overcast and rainy. I can't wait for the heat and humidity. You think it will ever come? The weather lately makes me want to cozy up in a blanket, eat comfort food and watch movies! Better weather is better for the real estate market! Am I the only one who feels this way?
Well, the property finally sold. When it was first put on the market, it was listed for $299,000.00. It had been taken back to the rafters, studs and floor boards. Then they received 22 offers. The property was conditionally sold, but that fell through. The property was then relisted at 329,000.00. I don't know how many offers were received at that pricepoint, but there was obviously more than one as the property sold for well over the list price. The property is located at 832 Escobar Cres. in Mississauga, and the MLS number was W1588447.
A brokerage located in west Toronto serving the entire GTA with a group of professional agents on the largest Real Estate Network in the world, Re/Max!
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