Archive for February, 2011

Toronto Real Estate Market Report: February 2011 Mid-Month Statistics

 Toronto Real Estate Market Report: February 2011 Mid-Month Statistics Photo

     Following is TREB’s market report for mid-February 2011:  Greater Toronto REALTORS® reported 3,084 sales during the first two weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010.

“We are on pace for a strong sales result in February, but transactions will come in lower than the recordresult reported last February. Sales remain strong because the GTA resale market contains a diversity of housing types catering to a wide array of home ownership needs,” said Toronto Real Estate Board (TREB) President Bill Johnston.

Continue Reading »

Elements Of An Offer Explained: The Deposit

Elements Of An Offer Explained: The Deposit Photo

     An offer-to-purchase real estate is made up of many elements, some of which are arguably more important than others.  In most cases, price sits at the top of the list.  Conditions are another biggie, followed by any significant clauses, the closing date, inclusions, exclusions…  And of course, one of the most important elements of an offer – the deposit.

Continue Reading »

Toronto Real Estate Market Report: January 2011 Statistics

 

     Following is TREB’s market report for January 2011:  Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

Continue Reading »

Top