Tridel Condo Apt in Toronto, close to Scarborough Towncentre and 401

Detatched Home, Near Meadowvale Towncentre, Mississauga

May Sales in GTA Region Remain High

June 3, 2010 -- Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a 1% dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.

“The pace of transactions slowed in May following record-setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.”

New listings were up 38% annually to 18,940. The average price for May transactions was $446,593 – up 13% compared to the average of $395,609 recorded in May 2009.

“The gap between listings and sales has widened, which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.”

To read the full report http://www.zeeniakola.com/ShowResources.cfm?TypeOfPage=5&Page=1

Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Add: 2691 Credit Valley Road, Mississauga, ON L5M 7A1
Ph: 905-828-3434
Email: zeenia@zeeniakola.com
Website: http://www.zeeniakola.com/
or
http://zeeniakola.com/AgentProfile/contactme.cfm

2 Bedroom 2 Washroom Condo Apartment close to Square One and Highway 403 for 196,900!!

Features:
Location!Location!Location!One Of The Largest End Units In The Heart Of Mississauga.Unobstructed Breathtaking View.Floor To Ceiling Windows.Bright Unit With Plenty Of Storage Space To Offer.Close To Highwys, Square One Shopping Centre. Shows 10+++

http://zeeniakola.com/search/feature.cfm?ml_num=W1867686

Extras:
Kitchen With Mirrored Backsplash And Extra Cabinets,Breakfast Bar O/Looking Dining Area. Includes: Fridge,Stove,Built-In Dishwasher,Microwave,Brand New Washer & Dryer,And All Existing Light Fixtures. Can Provide Floor Plan on request.
Good For Investment as well!!!

For further Information Contact:
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Add: 2691 Credit Valley Road, Mississauga, ON L5M 7A1
Ph: 905-828-3434
Email: zeenia@zeeniakola.com
Website: www.zeeniakola.com

or

http://zeeniakola.com/AgentProfile/contactme.cfm

GTA REALTORS® Report Monthly Resale Housing Figures - April 2010

Yesterday the Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34% increase compared to April 2009. There were also 20,683 new listings in April – a 59% annual increase. Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”

The average price for April transactions was $437,600 – up 13% compared to the average of $385,641 recorded in April 2009. Click here for complete details.

"Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905regions," said Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

Regards,
Zeenia Kola
Re/Max Realty Specialists Inc., Brokerage
Ph: 905-828-3434
Email: zeenia@zeeniakola.com
Website: http://www.zeeniakola.com/
or
http://www.zeeniakola.com/AgentProfile/contactme.cfm

Luxury Home Sales Soared - Dramatic rebound characterizes Canada's luxury home segment in 2010

69 per cent of markets set records for best-ever first quarter sales

Mississauga, ON (April 26, 2010) – Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX.
The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales. Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period.
Nine out of the 13 markets examined (69 per cent) shattered existing records – setting new all-time highs for first quarter activity in the upper end.
“Real estate continues to resonate with purchasers at every price point,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem. Despite the upward momentum, there are still deals to be had – especially at the higher price points—a fact that is motivating buyers to act.”



While comparisons are being made to one of the worst first quarters on record – it’s important to note that the bounce back in many areas – including Greater Vancouver, Victoria, Winnipeg, London-St. Thomas, Greater Toronto, Ottawa, Montreal (Island), Halifax-Dartmouth, and St. John’s -- exceeds record levels reported in years past. Leading in terms of percentage increase in sales is Kelowna (700 per cent), Montreal (Island) (300 per cent), Victoria (275 per cent), Greater Toronto (263 per cent), Greater Vancouver (184 per cent), Hamilton-Burlington (169 per cent), Edmonton (164 per cent), London-St. Thomas (125 per cent), and Ottawa (121 per cent).
“Recovery in the upper end has been nothing short of remarkable,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “This segment of the market was hardest hit when the recession took hold—yet its comeback has been fast and furious. There is no doubt that mindset has changed and confidence has returned. One only has to look at the percentage increases to see the current upward trajectory.”

Economic performance has been a major driver, boosting consumer confidence levels across the board. The tangibility of bricks and mortar has also played a role in record activity – a development that began in 2008 as affluent purchasers reduced their exposure to equities and shifted their earnings into real estate holdings. Recovering stock markets – and portfolios – in the months ahead will further contribute to housing market activity.
“Luxury sales as a percentage of the market have been steadily increasing in recent years – with the exception of 2009,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “With the return to economic growth, it’s expected that the number of high net worth individuals will begin to rebound, following two years of consecutive decline. This will continue to help prop up Canada’s luxury market going forward.”
Immigration and foreign investment have also had an impact on the luxury segment – and in some markets, seriously bolstered sales. Middle Eastern buyers, Mainland China investors, and Europeans— to a lesser extent—are represented in virtually every market across the country. Canada’s sound banking system, political stability, and strong dollar are attracting foreign investment – and that is spilling over into high end residential real estate.
Most active in 2010 were business executives, entrepreneurs, and professionals. Location was first and foremost among upper-end buyers, followed by a preference for newer homes or those that are turnkey (completely renovated). With the exception of Toronto, buyers could be relatively particular and take their time in making decisions as balanced conditions characterized markets across the board.
Given adequate supply, prices are likely to hold steady or experience modest increases in the majority of markets in 2010. Canada’s most expensive luxury markets are shared equally among East and West, with Greater Vancouver topping the entry-level price point for high-end homes at $2 million, followed by $1.5 million in Greater Toronto and Montreal (Island). Upper-end value markets were most abundant in Atlantic Canada and smaller centres in Ontario, where luxury home prices started at $400,000 in St. John’s, $450,000 in Halifax-Dartmouth, $500,000 in London St. Thomas, and $750,000 in Ottawa and Hamilton- Burlington. Winnipeg and Edmonton represented good value in the West at $500,000 and $850,000 respectively.
Greater Vancouver holds the title for the most expensive home sold through MLS in the first quarter.
The property—an 11,600 sq. ft. home on ¾ of an acre on the city’s Westside, changed hands for $10.06 million. Other noteworthy sales include: $7.25 million in the Greater Toronto suburb of Mississauga, $6.25 million in Toronto’s central core, $5.75 million in Calgary, $5.5 million in Montreal (Island), and $5.3 million in White Rock/South Surrey. The priciest MLS listings could be found in West Vancouver ($29.9 million), Greater Toronto ($23 million in Bridle Path), Vancouver Westside’s Shaughnessy area ($22 million) and Victoria ($19 million).

Regards,
Zeenia Kola
Re/Max Realty Specialists Inc., Brokerage
Ph: 905-828-3434
Email: zeenia@zeeniakola.com
Website: http://www.zeeniakola.com/
or
http://www.zeeniakola.com/AgentProfile/contactme.cfm

Greater Toronto REALTORS® report Mid-April Resale Market Figures

TORONTO, April 16, 2010 – Greater Toronto REALTORS® reported 4,601 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of April.
This represented a 25% increase compared to the 3,681 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 9,512.
“The fact that annual growth in new listings outstripped growth in sales suggests that the GTA existing home market is becoming better supplied,” said Toronto Real Estate Board President Tom Lebour.
"Home owners are reacting to strong sales and price growth by listing their homes in
greater numbers. They are confident they will receive offers in line with their asking price."
The average price for April mid-month transactions was $430,271 – up 12%
compared to the average of $383,361 recorded during the first 14 days of April 2009.
"The average annual rate of price increase has declined and we are shortly going to see a return to sustainable single-digit rates of growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"As home buyers experience more choice in the marketplace, there will be less upward
pressure on the average selling price in the GTA.”

Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Mississauag, L5M 7A1
Ph: 905-828-3434
Email: zeenia@zeeniakola.com
Website: www.zeeniakola.com

or

http://www.zeeniakola.com/AgentProfile/contactme.cfm