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.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011. Low inventory is keeping the competition between buyers strong, resulting in the prices of GTA homes to continue to climb. Thinking of selling and getting top dollar for your property? Contact me now and take advantage of our sellers' market.

 

Posted via email from Avi Judah

Expo City Condos located at Hwy7 and Jane are going to be released in the next few days. This is probably the best investment in the city. This location will be connected via subway in the next few years and should see substantial increases once that happens. Get in on the ground floor at the lowest prices. Contact me for more information.

Posted via email from Avi Judah

December capped off a great year for the resale home and condo market in the GTA. 4,718 transactions were reported through the TorontoMLS system in December 2011. The December result marked 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.

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.

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.

BUYERS!!!! What are you waiting for? Contact me NOW and avoid the 4% increase.

Posted via email from Avi Judah

Remax Ontario released their predictions for 2012 and the future looks bright for the Canadian housing market. Sale numbers are expected to stabilize while average sale prices are expected to increase nationwide. Check out the pdf for all the information.

Posted via email from Avi Judah

7,092 residential transactions took place through the TorontoMLS system in November. These numbers are up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year. The average price for November transactions was $480,421, representing an increase of almost 10 per cent in comparison to $437,494 in November 2010. Market going down in 2012? Doubtful! All forecasts indicate that the housing market will continue its upward trend in sales and average price. Currently, more listings to choose from for buyers sitting on the fence waiting for that right property. Contact me now and let’s check out some homes!!!

Posted via email from Avi Judah

Greater Toronto REALTORS® reported 3,379 transactions through the TorontoMLS during the first two weeks of November. This result represents a 13 per cent increase compared to November 2010. New listings were up 16 per cent over the same period. The average selling price through the first 14 days of November was $481,548 – up by 10 per cent compared to the average of $437,510 reported for the first two weeks of November 2010.

Lots of listings are now hitting the market, buyers where you at??? The selection is out there and the competition has eased up. Contact me now if you want information on homes in your area of interest!

Posted via email from Avi Judah

Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352.

Posted via email from Avi Judah

After the highly successful release of Nexus North in Downtown Markham, Remmington Homes is finally going to be releasing its second building called "Nexus South"…. The VIP event is this Wednesday so those interested should contact me ASAP! Nexus North was a quick sellout and they are expecting the same of the South building, so don't hesitate.

Posted via email from Avi Judah