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With Compliments of
Jim and Semone Duerr
Sales Representatives
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
Happy Holidays and our Best for the New Year!
In November 2009, Greater Toronto REALTORS® reported 7446 sales, double that of November, 08. which was adversly affected by the economic downturn. The average price for November transactions was $418,460– up by 14 per cent year over year. Average year-to-date price was $394,464 up 4% for the first 11 months
"This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour. "Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.”
TREB indicates market conditions have returned to the heathy conditions of 2006 thru 2008. Inventory is down substantially and multiple offers are frequent. The 2010 market is expected to have higher prices and sales. This will continue to put upward pressure on GTA prices.
We believe even more it's time to start looking for those bargains. The upper end of the market has improved markedly, but for those with an above average budget, this could be the best real estate shopping in decades.
Semone and Jim Duerr |
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