Malton, ON

GTA REALTORS® RELEASE MONTHLY MARKET FIGURES

Greater 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 in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver. “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

Read more at:

http://communications3.torontomls.net/newstand/news/2012/mn1202/pdf/nr_market_watch_0112.pdf

GTA MONTHLY RESALE MARKET FIGURES

Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.

"Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs," said TREB President Richard Silver. "If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area," added Silver.

The average selling price in December was $451,436 – up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

"Months of inventory remained below the pre-recession norm in 2011

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There are many free and inexpensive ways to conserve energy in your home. Some improvements for your home will cost money, but these are often good investments that will reduce your electricity bills in the future.

Remember these main conservation ideas:

Shift electricity use to off-peak periods. $
With small meters and time of use pricing you can save money by switching some of your energy use to mid- and off-peak hours when electricity prices are lower.

Unplug electronic items not in use.
Many electronic items — computers, TVs, cell phone chargers — continue to consume small amounts of electricity unless they are unplugged. Try plugging these items into a power bar with a switch, so you can easily turn them off when they are not in use.

Choose energy-efficient products.
Consider energy savings in your buying decision. ENERGY STAR® appliances and compact fluorescent light bulbs consume less electricity, so your costs will be reduced.

GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, APRIL 18, 2011 ‐‐ Greater Toronto REALTORS® reported 4,444 sales during the first two

weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. The

number of new listings was down by 21 per cent compared to the same period last year.

“Sales activity was quite strong during the first two weeks of April. If this level of activity is sustained for

the remainder of the month, we could see April transactions close to last year’s record result. Positive

economic news has kept households confident in their ability to purchase and pay for a home over the

long term,” said TREB President Bill Johnston.

The average selling price for firm deals reported through the first two weeks of April was $483,165,

representing a 12 per cent increase over the average price of $430,271 reported during the same period

last year.

“The number of homes listed for sale so far in 2011 has been below expectations. Market conditions

have tightened, resulting in increased competition between home buyers and accelerating rates of

average price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

For More info, check out htis link:

http://communications3.torontomls.net/newstand/news/2011/mn1104/pdf/nr_mid_month_0411.pdf