September 2009
Hi-End E06 Not Participating in Real Estate Rally
This section of Toronto has not bounced back as well as some other areas, our printed flyer for the area points out. While May, 09 was a record month for $1 million plus homes across Toronto, E06 doesn't seem to be enjoying the resurgence. ... read more
Toronto Home Show
October 1 - 4 Lots to see and do, Hands on Workshops, Demos, Green Building and Renovating. Check it out with above link! Don't forget the Home Renovation Tax Credit for up to $1,350. ...
Market Watch - September 2009
Home Sales Brightest Light in Economy
With summer coming to a close, it is a good time to reflect on the local resale market. August numbers continued the positive trend set in July with sales and average prices up, year over year. 2009 has thus far continued to surprise market watchers. ... read more
Should I Purchase My Home Now or Wait for the Market to Stabilize?
Many people are debating whether they want to buy a property now or whether they should wait. They are getting mixed messages from the media about the market conditions and the state of the economy. Reports are indicating that the real estate market ... ... read more
Real Estate Terms You Should Know
Buying or selling real estate can be a tricky process. There are hundreds of commonly used terms that could make up a language of their own. Here are some home buying terms that you will most likely encounter when you purchase your home. ... read more
Water Saving Tips for Your Home
Water is our most precious resource on earth; every living organism is dependent on it for survival. Less than 30% of people around the world have access to safe drinking water. As the climate changes, we will likely see that access to clean and safe... ... read more
Late Summer and Early Fall Planting
Early fall is a great time to place plants in the garden. Air temperatures are cooler, reducing the stress on the plants, while soil temperatures are still warm, promoting root growth. Not to mention the plant has plenty of time to build a healthy ro... ... read more
 
 

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:

June and July record sales were followed a strong August with high sales and firm pricing. If this trend continues 2009 could be a record year for sales. Generally, the mid-priced section of the market has taken off the most as renters decide to become home owners. 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. The fall market rush, mid-September through November, is off to a very busy start. 

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

NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Month 4.60%  3.95%
1 Year 3.75% 2.55%
2 Year 3.90% 2.90%
3 Year 4.45% 3.40%
4 Year 4.95% 3.85%
5 Year  5.55% 4.10%
7 Year 6.60% 5.30%
10 Year  6.70% 5.40%
Variable Rate 3.25%
Prime Rate  2.25%
* last updated: Sept  14, 2009
 

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