Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Heated housing activity throughout 2009 lends little air to bubble theory in the GTA, says RE/MAX

Despite limited inventory levels in the Greater Toronto Area (GTA) in the latter half of the year, double-digit price appreciation failed to materialize in the single-detached housing category in 2009, says RE/MAX Ontario-Atlantic Canada.

Housing performance expected to accelerate in 2010, as economic stability returns to Canadian markets, says RE/MAX

There’s More to us than MLS

November 13, 2009 -- If you are one of the thousands of GTA residents who has made a move to a home more suited to your lifestyle this year, chances are you used the services of a REALTOR® to help you do so.

HST will raise cost of living, buying homes

November 13, 2009 -- Starting July 1, 2010 Ontarians can expect to pay a harmonized sales tax (HST) rate of 13% on a long list goods and services that were previously exempt from the 8% Provincial Sales Tax (PST). While the impact of the tax will be felt by all Ontarians, the province’s 3 million homeowners and the thousands who buy and sell a home every year will be hit particularly hard by this latest tax grab.

September sales increased with 28 per cent

October 13, 2009 -- The Toronto Real Estate Board (TREB) released its September results earlier this week. I am happy to report that September sales totaled 8,196, representing an increase of 28 per cent compared to the same month last year. The growth in the average selling price was even stronger, coming in at 10 per cent pushing the average price to almost $407,000. The year-to-date totals are also positive, with sales and average price through the first three quarters of the year up 4.5 per cent and 1.5 per cent respectively. This is encouraging, given the economic challenges we have faced over the past year!