Walk to Subway -
This fantastic 3 bedroom town home is ready to move in. Spacious living
and dining areas are perfect for entertaining family and friends.
Cathedral ceilings in upper level. 2 fireplaces and 2 balconies. Family
room with sliding doors to a fully fenced-in private yard with patio
area. Just Steps To Subway, Highways, French Immersion & Other
Schools, Hospital, Parks, Trails & Shopping Centres. Fantastic Complex.
This is truly a great time to buy,
after all, interest rates are at an all time low and there are plenty of
homes to choose from. Call me today for a no obligation meeting.
GTA May Resale Housing Sales Higher Than Last Year
TORONTO, June 3, 2009 - In May 2009, Greater Toronto
REALTORS®reported 9,589
sales,up almost two per cent from May 2008 –
the first annual increase since December 2007. Theseasonally adjusted annual rate of sales in May was 81,3001.
“The resale housing market in the GTA has remained
resilient in the face of challenging times
globally,” according to TREB President Maureen O’Neill. “Many home
buyers have takenadvantage of extremely low
mortgage rates.”
The average price for May transactions was $395,609 –
down less than one per cent comparedto the
same month last year.
“The average resale home price has moved in line with
last year’s level because of tightermarket
conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior
Manager ofMarket Analysis. “Home sales have
increased strongly relative to new listings, bolstering homeprices.”
City of Toronto
("416")
2009
2008
Sales
Average Price
Sales
Average Price
3,777
$432,478
3,711
$434,271
Rest of GTA
("905")
2009
2008
Sales
Average Price
Sales
Average Price
5,812
$371,649
5,700
$374,629
GTA
2009
2008
Sales
Average Price
Sales
Average Price
9,589
$395,609
9,411
$398,148
Source: Toronto Real Estate Board
1Seasonally adjusting TREB MLS® data removes recurring
seasonal trends observed each year. For example, MLS® sales are highest
in latespring each year and lowest in the
winter months. Removing the recurring seasonality, allows for the
analysis of a meaningful trend reflecting
actual changes in market conditions. By multiplying the monthly
seasonally-adjusted figure by 12, creating an annual rate, we can
compare howthe current month relates to
historical annual figures.
The 2009 Federal Budget as presented
on January 27th, 2009 offers some benefits
to Home Owners and Home Buyers as outlined
below.
Support
for Home Ownership and the Housing Sector
Implementing a
temporary Home Renovation Tax Credit
that will provide up to $1,350 in tax
relief, reduce the cost of renovations
for an estimated 4.6 million
Canadian families, and provide needed
stimulus to the economy.
Providing an
additional $300 million over two years
to the ecoENERGY Retrofit program to
support an estimated 200,000 additional
home retrofits.
Providing first-time
home buyers with additional access to
their Registered Retirement Savings Plan
savings to purchase or build a home by
increasing the Home Buyers’ Plan
withdrawal limit to $25,000 from
$20,000.
Assisting first-time
home buyers by providing up to $750 in
tax relief to help with the purchase of
a first home.
First-time buyers of resale homes to benefit from new tax
measure
The
Provincial government is giving
all first-time homebuyers a break on land transfer tax by
proposing to expand the Land Transfer Tax Refund Program to
include purchases of resale homes, Finance Minister Dwight
Duncan announced today.
"Expanding
this Land Transfer Tax refund is an important part of our
government's commitment to helping Ontarians buying their
first home," Duncan said.
Effective
midnight tonight, first-time buyers of resale homes, as well
as newly constructed homes, would be eligible for a refund
from the provincial government of up to $2,000 of the Land
Transfer Tax paid.
If you
are thinking of SELLING
or BUYING Residential or Commercial Real Estate in the Greater Toronto Area
(Toronto, Mississauga, Brampton
and surrounding areas), I would be please
to work with you.
Please feel free to browse through my site and if you have any further questions regarding
the Selling or Buying process or if you would like more information on my services, please
give me a call or simply send me an e-mail.
Proud sponsor of the "Children's Miracle
Network" and the "Sold on a Cure"
for Breast Cancer Research Program
