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EDGE Realty Partners - February 2015
CHUGGING ALONG
Welcome to EDGE Real Estate News & Views if you are a regular reader over the years, I thank you for your loyalty. If you are new to this blog then welcome, hope you find it engaging, helpful and informative. Sign up to receive my monthly updates. I want to thank you all for putting your trust in me and I am honoured to have helped thousands of people in some way. I appreciate the confidence you have placed in me as a reliable and expert on real estate, mortgages and the strategies behind them to make you money.
The Toronto and GTA housing market starts off with good news before the deep freeze hit us in February. Confidence in the real estate as an investment continues remains strong as we saw more listings on the market. Buyers are able to find the home they are looking for; keeping prices stable. Demand remains high relative to supply. The possibility of interest rates approaching record lows will provide even more opportunity for all future purchasers. The real estate resale market remains steady, and we look forward to a productive year ahead.
For the month of January there were 4,355 transactions through the TorontoMLS up 6.1% from 4,103 a year ago. New listings over the month were up 9.5%. to almost 10,000. The average selling price was up 4.9% to 552,575 from a year ago. If you were to look at the average price of a detached home in Toronto it was 948,713 and in the GTA it was 716,127. With the average price increase of 4.2%.
You must be more diligent and aware of your financial future to maintain the costs of running a home aside from your mortgage payment, so size of your home you purchase is important. You could consider a semi-detached home or condo apartment if you are priced out of a detached home. We will continue to see a low supply of low-rise homes on the market thus will see prices move significantly upwards in this type of home.
For an overview of the January real estate market watch this video of the Toronto & GTA Real Estate Market with Jason Mercer of TREB by clicking the link.
Remember, if you are looking to buy and are a first-time homebuyer please takes advantage of the First-Time Home Buyer’s Tax Credit. You will be able to save up to $750 on a qualified home. There is also the Home Buyers’ Plan that allows you to withdraw from your RRSPs for your down payment on a new first home up to $25,000.
Besides being a licensed realtor, I am also a licensed mortgage agent so you are always in good hands!! If the numbers don’t work, decisions are needed to be made as to the next steps to take. There is always a solution!! Let my experience help you. I qualify buyers everyday. I will run the numbers, find you the right lender and ensure you won’t be property poor.
Thank you for letting me be part of your real estate life. To know more about me please visit me on You Tube, Facebook, LinkedIn, follow me on Twitter or call to speak with me directly. Always answering reader questions. You can also reach me through Skype too. Sign up for my blogs and online newsletters. Start by simply filling out the contact form below. Once again, thank you for your continued loyalty.
Welcome to EDGE Real Estate News & Views if you are a regular reader over the years, I thank you for your loyalty. If you are new to this blog then welcome, hope you find it engaging, helpful and informative. Sign up to receive my monthly updates. I want to thank you all for putting your trust in me and I am honoured to have helped thousands of people in some way. I appreciate the confidence you have placed in me as a reliable and expert on real estate, mortgages and the strategies behind them to make you money.
The Toronto and GTA housing market starts off with good news before the deep freeze hit us in February. Confidence in the real estate as an investment continues remains strong as we saw more listings on the market. Buyers are able to find the home they are looking for; keeping prices stable. Demand remains high relative to supply. The possibility of interest rates approaching record lows will provide even more opportunity for all future purchasers. The real estate resale market remains steady, and we look forward to a productive year ahead.
For the month of January there were 4,355 transactions through the TorontoMLS up 6.1% from 4,103 a year ago. New listings over the month were up 9.5%. to almost 10,000. The average selling price was up 4.9% to 552,575 from a year ago. If you were to look at the average price of a detached home in Toronto it was 948,713 and in the GTA it was 716,127. With the average price increase of 4.2%.
You must be more diligent and aware of your financial future to maintain the costs of running a home aside from your mortgage payment, so size of your home you purchase is important. You could consider a semi-detached home or condo apartment if you are priced out of a detached home. We will continue to see a low supply of low-rise homes on the market thus will see prices move significantly upwards in this type of home.
For an overview of the January real estate market watch this video of the Toronto & GTA Real Estate Market with Jason Mercer of TREB by clicking the link.
Remember, if you are looking to buy and are a first-time homebuyer please takes advantage of the First-Time Home Buyer’s Tax Credit. You will be able to save up to $750 on a qualified home. There is also the Home Buyers’ Plan that allows you to withdraw from your RRSPs for your down payment on a new first home up to $25,000.
Besides being a licensed realtor, I am also a licensed mortgage agent so you are always in good hands!! If the numbers don’t work, decisions are needed to be made as to the next steps to take. There is always a solution!! Let my experience help you. I qualify buyers everyday. I will run the numbers, find you the right lender and ensure you won’t be property poor.
Thank you for letting me be part of your real estate life. To know more about me please visit me on You Tube, Facebook, LinkedIn, follow me on Twitter or call to speak with me directly. Always answering reader questions. You can also reach me through Skype too. Sign up for my blogs and online newsletters. Start by simply filling out the contact form below. Once again, thank you for your continued loyalty.
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