Archive for August, 2011

My Blog Is Two Years Old This Month. Happy 2nd Birthday!

My Blog Is Two Years Old This Month.  Happy 2nd Birthday! Photo

That’s right, my real estate blog has been active for TWO YEARS now!  I submitted my very first post in August of 2009 and haven’t looked back since.  I wrote a similar “Happy Birthday” post last August, celebrating my blog’s first year of existence (you can read it here).  That post answered the question, “What does one get a blog for its birthday?”  In case you missed it, here’s a re-print of my answer:

Continue Reading »

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

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

Following is TREB’s market report for mid-August 2011:  There were 3,214 sales through the Toronto MLS® system during the first 14 days of August, representing more than a 22.5 per cent increase compared to the same period in August 2010. Year-to-date sales through the 14th of August were all but caught up to last year’s total – down by half a per cent compared to 2010.

“The unsettled situation in financial markets over the past few weeks did not appear to sap the confidence of GTA home buyers during the first half of August,” said Toronto Real Estate Board President Richard Silver. “Revised forecasts for future Bank of Canada interest rate decisions coupled with the recent announcement by the US Federal Reserve, suggest that interest rate hikes in Canada are on hold at least until sometime in 2012. This is a positive for affordability and should help sustain buyer confidence moving forward.”

Continue Reading »

Toronto Real Estate Market Report: July 2011 Statistics

Following is TREB’s market report for July 2011:  Greater Toronto REALTORS® reported 7,922 transactions through the Toronto MLS® system in July 2011, representing a 23 per cent increase over July 2010.  Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the same period in 2010.

After adjusting for seasonal fluctuations, the July figures continued to point to an annual sales result close to 90,000 – in line with results from the previous six months.

Continue Reading »

Top