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Submitted by Jasmina on Fri, 2007-11-23 01:37.

Sales of existing homes in Greater Toronto Area set an annual record early!

TREB, November 19, 2007 -- 2007 has already become the best year on record for resale homes in the Greater Toronto Area. 84,994 properties have changed hands, as compared to 84,145 sales in 2005, our previous best year, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. "All of the economic conditions remain in place for a strong housing market in the GTA. The unemployment rate fell by approximately half a percent last month, Statistics Canada anticipates sustained immigration throughout the next decade and mortgage rates remain historically low," said Ms. O’Neill. "Toronto is a very vibrant city in which to live and compared to other urban centres like New York, Los Angeles and London, our housing is very affordable."

Toronto Star, November 20, 2007 -- "Generally speaking, it's odd to see a real estate cycle last this long," says Ted Tsiakopoulos, Ontario regional economist for the Canada Mortgage and Housing Corp. "It seems we've reached a new paradigm where low interest rates, low inflation and a steady job market have kept this going a while longer than most people thought." Other factors at play in 2007 include the introduction of longer-term amortizations in the market, which has allowed new buyers to get a foot in the door, and higher new-home prices that have pushed people back into the resale market, says Tsiakopoulos.

November GTA Home Sales Highlights


Submitted by Jasmina on Sun, 2006-11-26 21:37.

Property #008 Photo GalleryThis Exquisite 4 Bedroom property in The City of Newmarket is situated on a child safe crescent in demand area of fine homes! It has approximately 1900 Sq. Ft. of living space and Beautiful layout with neutral décor. Minutes to shopping malls, schools, parks and transit! This Home is 2 years New with 5 years of New Home Warranty remaining. For more details call me at 647 273-5318, or send me an email.

Features

  • 9 Ft. High Ceiling on Main Floor with an exceptional view of the surroundings!
  • Modern Kitchen with upgraded cabinetry open to Family Room with Fireplace.
  • Formal Dining Room.
  • Double Garage with entrance to house.

Submitted by Jasmina on Sat, 2006-10-07 00:10.

Property #006 Photo GalleryGreat Open Concept kitchen & living area make this space Grand! Master Bedroom has luxuriously large Ensuite Bathroom with Sunken Tub. Diagonally placed Hardwood Flooring adds richness to the main floor of this home.

Enjoy the warm setting of this Home nestled in an Up & Coming Community in Newmarket. For more details call me at 647 273-5318, or send me an email.

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