Toronto Real Estate: Two New Records Set In First Two Weeks of December!

Toronto Real Estate:  Two New Records Set In First Two Weeks of December!

December 19, 2007 — The Greater Toronto resale home market reached two new heights during the first half of this month Toronto Real Estate Board President Maureen O’Neill announced today.

“The 2,868 transactions recorded during the first two weeks of December have made this the first year that sales have exceeded 90,000,” said Ms. O’Neill.

This activity also represents a 3 per cent increase over the 2,783 sales recorded during the first two weeks of December 2006.

This year’s record activity has been matched by record prices.

“The average price is now $404,707, which is the first time it has exceeded $400,000,” said Ms. O’Neill.

The current average price has increased 3 per cent since last month and 19 per cent compared to the same time frame a year ago.

In the Danforth area (E03) transactions are up 24 per cent compared to mid-December 2006, as a result of strong semi-detached sales.

New Toronto transactions (W06) are up 43 per cent compared to the same timeframe a year ago, as a result of strong condominium apartment sales.

Condominium apartment transactions Downtown (C01) also pushed overall sales in that area up 28 per cent compared to the first half of December 2006.

In North York (C14) detached home transactions led to an overall sales increase of 34 per cent in the area compared to mid-December 2006.

“The two new precedents set in the last two weeks is certainly positive news, said Ms. O’Neill. It’s shaping up to be a busy holiday season for homebuyers and sellers alike.”

Source: TREB (Toronto Real Estate Board)

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Be Nice Clear Your Ice.

It is that time of year when the weather gets cold, the sky opens up and drops a mountain of snow on Toronto.  Well, we didn’t get that much snow in the last couple of days.  We did however get enough rain and sleet to make driving and walking conditions slippery.

Being  a Realtor®, I have a need to market myself.  One of the ways I market myself is by delivering flyers door to door.  This gives me a chance to stay connected to the area I work and lets me get in my needed exercise.  I have teamed up with my sister (who sells Avon) to deliver both my flyer and her flyers together in an effort to cover double the area in the same time.

As Usual, we were out today doing our regular flyering and found that quite a few homes had not taken the time to clear there walk ways of ice and unfortunately my sister slipped and fell on the street.  She is okay, but it brings me to the point of the this post.  Thankfully my sister is fine, but regardless of her falling everyone needs to clear their snow and ice after a storm.  It is common courtesy and it is the law.  Below is an excerpt from the City of Toronto By-Law.  You can see the full by-law here.

2.Time Limit for Removal of Snow/Ice from Sidewalks

(1)Every owner or occupant of any building must within twelve (12) hours after any fall of snow, rain or hail has ceased, clear away and completely remove snow and ice from any sidewalk on any highway in front of, alongside or at the rear of the building.

(2)After the removal of snow and ice, if any portion of the sidewalk becomes slippery from any cause, the owner or occupant must immediately and as often as necessary apply to the sidewalk, ashes, sand, salt or some other suitable material so as to completely cover the slippery surface.

Please take the time to clear your snow and ice.

Steven

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Toronto Real Estate Market: On Track for a Record-Breaking Year!

Toronto Real Estate Board on Track for a Record-Breaking Year!

December 5, 2007 — Last month became the best November on record with 7,313 resale home transactions in the Greater Toronto Area, Toronto Real Estate Board President Maureen O’Neill announced today.

“I recently reported that 2007 became the best year ever for resale transactions in the Greater Toronto Area with six weeks left to go,” said Ms. O’Neill. Even more astonishing though, is the fact that eight of the 11 months so far this year set new monthly records. No other year has shown as many record-breaking monthly performances.”

Sales were up 16 per cent in November compared to the same timeframe last year.

At $393,757, November’s average price increased 11 per cent as compared to a year ago and remained in line with the previous month.

Some of the most significant activity in November took place in the 416 area code.

Based on strong sales in all housing types, Riverdale (E01) saw a 56 per cent increase in transactions compared to November 2006.

In the Islington/Kingsway (W08), sales rose 55 per cent over last November, driven primarily by an increase in detached home sales.

In Willowdale (C07), transactions nearly doubled compared to the same timeframe a year ago, driven by strong condominium apartment and detached home sales.

In the West part of Markham (N01), strong detached home sales led to an overall increase of 86 per cent compared to November 2006.

“We expect 2007 to be the first year ever to exceed 90,000 transactions, said Ms O’Neill. These numbers reflect the fact that people who live in the Greater Toronto Area see real estate as an excellent long-term investment.”

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Market: Best November Ever, Best Year Ever!

Best November Ever, Best Year Ever!

December 5, 2007 — A record-breaking November saw 7,313 sales, driving year-to-date totals to 88,695 sales, TREB President Maureen O’Neill announced today. “We have already exceeded the 84,145 sales recorded during 2005, which was our previous record,” said the President. “By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the GTA resale home market is looking as healthy as it has ever been.”

Prices were almost unchanged in November, with the average at $393,747, down marginally from the $394,646 recorded in the previous month. It was up 11 per cent over the $355,727 recorded during November 2006. Meanwhile, days-on-market came in at 32, and the list-to-sale price ratio was 98 per cent.

Breaking down the total, 2,725 sales were reported in TREB’s 28 West districts and averaged $362,272; 1,529 sales were reported in the 14 Central districts and averaged $519,841; 1,354 sales were reported in the 23 North districts and averaged $417,967; and 1,705 sales were reported in TREB’s 21 East districts and averaged $311,738.

Source: TREB (Toronto Real Estate Board)

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