May 2009
Our Readers Write
GreatTorontoHomes.com Newsletter readers share their thoughts. This month: Racoons and Cocoa Bean Mulch. If you've got something to share, email it to us. ... read more
Our 'Wine and Cheese' Open House for 106 Fallingbrook Rd
Our neighbours got a tour and some refreshments as we show off our reno. One neighbour remembers his uncle building the original building in 1939! SNAP magazine covered the occasion
Sell for Top Dollar
We've talked to lots of people who want to sell, but feel they will get less than their home is worth until it gets some TLC. Repairs and staging can cost money, so why not pay for them after the sale. We can help ... read more
Market Watch - May 2009
Housing Sales Increase for the Second Month in a Row
For the second month in a row, the Canadian housing market has recorded an increasing number of sales in most areas around the country. While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis. ... read more
Homeowners in line for 15% Rebate on Home Renovations
In an effort to stimulate the sagging economy, the Government of Canada recently introduced a new Tax Rebate on home renovations done in 2009. Following the recent announcement of the Home Renovation Tax Credit (HRTC), tax taxpayers can claim 15% of ... ... read more
How To Identify And Protect Yourself From Identify Theft.
The consequences of identity theft can be staggering. Victims spend extensive time closing bad accounts and fixing credit records. Clearing your name could be an expensive and lengthy process. You could be denied loans and jobs—and, though unlikely, ... ... read more
How to Select the Right Flooring for Comfort and Style
Choosing the right floor for your home is an important decision. Not only does it set the tone for the whole interior of your home, but it’s also the foundation for everything else you put in a room. Your choice should fit the look of your home and t... ... read more
Is a Condo a Good Investment Now?
Not too many years ago, buying a condo was considered a compromise move. Condos are more affordable, particularly for first-time buyers who have a tough time breaking into the housing market. Until recently the cheap entry fee entitled you to apartme... ... read more
 
 

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 again in April across the GTA from March. See "Market Watch.." for more nationally. The Toronto Real Estate Board reports April's average price of $385,000 is $6,000 above 2008's average.

The Bank of Canada's guarantee to keep rates at historic lows until 2010 and slightly lower prices continue to bring buyers back. Quality houses are back as more sellers get into the market. About 15% of GTA sales are going over asking and multiple offers are frequent. 

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 Month 4.75%  3.95%
1 Year 3.90% 2.90%
2 Year 4.05% 3.05%
3 Year 4.15% 3.15%
4 Year 4.84% 3.79%
5 Year  5.25% 3.89%
7 Year 6.60% 5.15%
10 Year  6.70% 5.25%
Variable Rate 3.25%
Prime Rate  2.25%
* last updated: May 11, 2009



 

 

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Not intended to solicit sellers or buyers under contract