Friday, February 25, 2011

Expect homes to remain affordable

TREB President's Column as it appears every Friday in the Toronto Sun’s Resale Homes and Condos section.

February 25, 2011 -- I have written recently that the Toronto Real Estate Board (TREB) expects to see the average existing home price in the GTA grow by approximately three to five per cent per year over the next two years.

Much has been made of some recent analyses forecasting double-digit declines in Canadian home prices. Some analysts have given a specific time frame whereas others have simply argued that the Canadian homes are currently overvalued and their values should decline over time.

Geography is another issue. Talking about the Canadian housing market as a whole is problematic. Market conditions are not uniform across all Canadian provinces and cities.

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Tuesday, February 8, 2011

Don Valley West All-Politicians Town Hall

Mark your calendar....

Thursday, February 17th. 7 to 9 PM
CNIB building 1929 Bayview Ave.

All welcome!

Friday, February 4, 2011

Increase the value of your resale

TREB President's Column as it appears in the Toronto Sun

February 4, 2011 --
The Greater Toronto Area's spring real estate market is just weeks away.  If you're planning on making a foray into the market this year, now could be the time to undertake improvements, which if carefully planned, can increase the value of your home considerably.

Most of us know that kitchens, bathrooms and a fresh coat of paint inside and out, offer the best return on investment. According to the Appraisal Institute of Canada, you can expect to get back 75 to 100 per cent of what you put into kitchens and bathrooms. Painting can return 50 to 100 per cent of your investment.

While these are typically low risk investments, a number of factors can influence the gains you achieve with other types of renovations.
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GTA REALTORS® Report Monthly Resale Housing Market Figures

TORONTO, February 4, 2011 -- Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

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