Wonder what houses are selling for in your area? Here's a detailed Toronto Real Estate Board Summary Report for June 2012. It shows Sales by municipality and home type:
MLS Home Price Tables, June 2012
Wonder what houses are selling for in your area? Here's a detailed Toronto Real Estate Board Summary Report for June 2012. It shows Sales by municipality and home type:
MLS Home Price Tables, June 2012
It's that time of year again - the annual Unionville Festival arrives on June 1st to 3rd 2012. This street festival is always a fantastic draw to the area, with locals and tourists flocking to walk the closed streets, enjoy the parade, and shop amongst the many local vendors. The Stivers Mill hosts a fantastic Farmers Market, the Bandstand is loaded with a variety of entertainment, and don't miss the big parade at 10am on Saturday morning!

For more information be sure to check out the Unionville Festival website at www.unionvillefestival.com.
LEGISLATION TO ENHANCE ELECTRONIC REAL ESTATE TRANSACTIONS INTRODUCED AT QUEEN’S PARK
The legislation would facilitate the use of electronic agreements of purchase and sale by extending the legal protections afforded by the Electronic Commerce Act, 2000.
A side benefit we will expect to see, is a proliferation of robust software applications to allow real estate professionals to take advantate of the 'paperless' transaction process. You could be signing for the purchase of your next new home on a smartphone or iPad!
From OREA Blog
Conventional Real Estate wisdom states that you should sell and buy in the same market. This Globe and Mail artilcle focuses on a couple who are selling today at a good profitable price, then renting for a while with the expectation of returning to the market after the downturn in prices.
What if the market does not turn down? They could become perpetual Renters.
At first, she and her husband thought about selling in the traditionally strong spring market, and then buying another home during the traditional summer slowdown. Now, they see no rush to buy back in. Instead, they will rent a four-bedroom house for a one-year period in which they’ll look at their options
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/home-buying/ready-to-be-bold-sell-the-house-and-rent/article2418383/ via @globeandmail
Thinking back to when I first moved into Markham back in 1971, the small town had just under 40,000 residents, and was certainly considered a bedroom community. It is amazing to see how evolved the Markham and surrounding area have become, and it is great to see the careful thought and planning that is going into the Downtown Markham 20-year plan. With over 300,000 people now calling Markham home, and with continued growth to come, the increased availability of top-tier facilities is a welcome addition to our town.
The Toronto Star has a good article today on the impact this 20,000 seat arena may or may not have on the local economy (See: Markham's NHL bait)
If Markham succeeds, it could be another Winnipeg, whose “intangible” benefits from getting the Jets back would probably rival the GDP of Canada. @Torontostar
Artist's rendering of Downtown Markham ArenaIt will be interesting to see how this proposal pans-out, but overall it is great to see these types of facilitys coming to our area.
People are always looking for great tips to aid in their remodelling or staging of thier homes. We've put together some great tips that we have found for your weekend projects:
“The GTA resale market has not suffered from a lack of willing buyers this year. Buyers have been spurred on by the positive affordability picture brought about by low mortgage rates,”Toronto Real Estate Board President Richard Silver
You can visualise the housing market in each of the MLS zones of the GTA using this great Google map tool, courtesy of the Toronto Star.
TREB (Toronto Real Estate Board) analysts compared each zone’s average number of listings to the area’s average selling time in order to establish how long it would take for all the property to be sold off.
Click the image below to see a current map visualization (new window will open):

RE/MAX & the Toronto Maple Leafs are proud to announce the RE/MAX Home Street Advantage Contest with the Toronto Maple Leafs! Watch the video:
As a valued RE/MAX friend/client, I would like to invite you to enter into this amazing contest! Imagine playing road hockey on YOUR street with 9 of your friends and members of the Toronto Maple Leafs! All you need to do is log in to Facebook and ENTER NOW!
Follow this link to enter on Facebook
Good luck!
*Must live within 80km of the City of Toronto to be eligible to enter.
The Toronto and GTA housing market has often been difficult to analyse housing sales trends, and that is reflected this week with very different opinions on the future housing pricing trends.
CREA says prices topping out
National home prices continued to rise in February, but the Canadian Real Estate Association (CREA) said Friday that evidence pointed to a market that was “topping out.”
“MLS HPI trends for February show that home price growth is generally slowing,” said Gary Morse, CREA President. “At the same time, price gains and trends differ among housing markets tracked by the index.”
via: http://www.canadianrealestatemagazine.ca
RE/MAX predicts 'heated' spring market
Canada’s housing market won't be cooling down just yet, with a new report by RE/MAX pointing to a growing number of bidding wars in markets across the country.
“Major Canadian real estate markets continued to show exceptional resiliency throughout the first quarter of the year, with strong demand and diminished supply setting the stage for a heated spring 2012,” according to the Re/Max report.
via: http://www.canadianrealestatemagazine.ca
With the diverse nature of the Greater Toronto Area housing market, both views can be correct. We expect to see continued strength in desireable areas (like Unionville, Markham and Stoufville), and with the currently limited for-sale inventory available, housing prices in these areas are likely to remain strong.