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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
Hi:
July, August and
September sales made the recent 3rd quarter a record for sales.
Prices were up 10% over September last year and sales were up 28%.
The market is on track to sell more than 80,000 existing homes in
the GTA, making '09 one of the best years ever.
The mid-priced section
of the market is still were the action is as renters decide to
become home owners. New home starts for single detached increased,
reflecting the demand for more ownership as mortgage rates remain
low.
The fall market rush,
mid-September through November, continues and buyers, especially
above $200-400,000 level, shouldn't feel they have missed the train.
There are bargains out there for those moving up and your existing
home is now well valued. See our main articles for more.
The
Bank of Canada repeated
its intention to keep our historically low interest rates at least
until mid 2010. The US housing market continues to firm up.
Inventory is down substantially and multiple offers are
frequent. This will continue to put upward pressure on GTA prices.
We believe even more it's time to start
looking for those bargains.
For those with an above average budget, this could be the best real
estate shopping in decades. Our
in-depth analysis
of the real estate market from Feb. is still worth reading; as is
our broker's advise from February to
"Buy Toronto Real Estate."
Semone and Jim
Duerr |
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