April 2009

Residential Investment Project Done!
We're finally done our reno, 106 Fallingbrook Road in the Beaches. We've doubled the size and upgraded this regency style home. Weekend Open Houses Saturday and Sunday, 2-4pm. ... read more
US Market Finally Bottoming?
US existing home sales rise nationally, as bargain hunters start buying. California Feb sales rise 83% year over year. Price declines (-19% yoy) and cheap mortgages increase home re-sales ... read more
Market Watch - April 2009
March Resale Housing Results Bring Positive News
The Canadian housing market is showing signs of rebound. March sales activity has shown an increase in sales in many areas compared with previous months. It appears that many potential buyers are getting over the initial shock of the economic downtur... ...read more
How to Conquer Your Fear and Overcome Homeownership Hurdles
There are many benefits of homeownership. It creates a level of stability in a person�s life and provides a safe environment for children to grow and learn. A home can also have several financial benefits, creating borrowing power for the homeowner a... ... read more
Lighten Up Your Home This Spring
As the signs of spring make their first appearances in nature, it is time to pay tribute to the joy and jubilance of nature. It�s also time to wake up your home with a new, modern and fresh look. ... read more
Start a Kid's Garden: Planting Summer Bulbs With Children
Flowers are a beautiful addition to any home's landscape and most begin as simple bulbs. Bulbs are great for planting with young children. Their bigger size makes them much easier to handle than seeds so everyone can get involved which makes for a lo... ... read more
How to Avoid Defaulting on Your Mortgage Payments
The market conditions have changed quite dramatically over the past twelve months. As a result, some homeowners may stumble upon financial hardships that make it difficult for them to pay their mortgage payments. Once your mortgage loan defaults, the... ...read more
Not intended to solicit buyers or sellers under contract.
 

With Compliments of

Semone Duerr
Sales Representative
 

Re/Max Hallmark, ltd., Brokerage
2237 Queen St E
Toronto, ON, M1E 1G1
T: 416 699 9292
D: cell: 416 566 6050
homes@GreatTorontoHomes.com
www.GreatTorontoHomes.com

 

Hi:

Prices and sales both picked up in March across the GTA from February, the rate of decline over last year slowed to the least in 5 months. See our main article "Market Watch.." for more.

 

Bank of Canada rate cuts and slightly lower prices are starting to bring buyers back. One major problem is the lack of quality houses on the market, as many potential sellers sit on the sidelines. Fear of a US style meltdown are easing as consumers gain confidence. See our "US Market" article.

 

We believe even more it's time to start looking for those bargains. Our in-depth analysis of the real estate market from Feb. is still worth reading; as is our broker's advise to "Buy Toronto Real Estate."

 

Semone and Jim Duerr

 

NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 5.20% 4.45%
1 Year 5.00% 3.00%
2 Years 5.75% 3.69%
3 Years 5.75% 3.89%
4 Years 5.70% 4.05%
5 Years 5.80% 3.95%
7 Years 7.00% 4.69%
10 Years 7.35% 5.25%
Variable Rate 3.50%
Prime Rate ** 2.50%
* last updated: April 13, 2009
** Prime rate may vary 
according to lender.
 

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