October Mid-Month Sales Release - 2012

GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES

TORONTO, October 16, 2012 – Greater Toronto Area REALTORS® reported 2,961 sales through the

TorontoMLS system during the first 14 days of October 2012. The number of transactions was down by

10.5 per cent compared to the same period in 2011. New listings were up by 5.5 per cent year-over-year

to 6,505.

“Some households have put their home purchase plans on hold in response to the higher cost of home

ownership brought about by the recent changes to mortgage lending guidelines. Both first-time buyers

and existing home owners have been affected, given that sales were down across house types and

geography,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price for sales reported from October 1 through October 14 was $501,146 – up by

almost six per cent in comparison to last year.

“The average selling price grew well above the rate of inflation in the first half of October due to relatively

tight market conditions from a historic perspective. However, the market continued to become better

supplied, pointing toward a slower pace of price growth as we move into 2013,” said Jason Mercer,

TREB’s Senior Manager of Market Analysis.

If you wish to get more details feel free to contact me!

Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434 Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/ 
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Thinking of selling your home in the next 1 or 2 months? For free and confidential Market Evaluation of your home click here!

 Are you looking to buy your dream home. Contact me today!

Strong Average Price Growth in September 2012

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, October 3, 2012 – Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions
through the TorontoMLS system in September 2012.  The average selling price for these transactions
was $503,662, representing an increase of more than 8.5 per cent compared to last year.
The number of transactions was down by 21 per cent in comparison to September 2011.  However, it is
important to note that there were two fewer working days in September 2012 compared to September
2011. The majority of transactions are entered on working days. On a per working day basis, sales were
down by 12.5 per cent year-over-year.

“While sales have been lower due to stricter mortgage lending guidelines, we continue to see substantial
competition between buyers.  The months of inventory trend remains low from a historic perspective,
which explains the strong price increases we are experiencing,” said Toronto Real Estate Board
President Ann Hannah.
September average selling prices were up compared to last year for all major home types.  Price growth
was strongest in the City of Toronto, including condominium apartments with eight per cent year-overyear growth.  All benchmark home types included in the MLS® Home Price Index (MLS® HPI)
experienced year-over-year price increases, with substantially stronger increases for low-rise home types.
“Barring a major change to the consensus economic outlook, home price growth is expected to continue
through 2013.  Based on inventory levels, price growth will be strongest for low-rise home types, including
single-detached and semi-detached houses and town homes,” said TREB’s Senior Manager of Market
Analysis, Jason Mercer.

If you wish to get a full detailed market watch for Septemeber 2012, feel free to contact me!

Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook
Linkedin

Thinking of selling your home in the next 1 or 2 months? For free and confidential Market Evaluation of your home click here!

Are you looking to buy your dream home. Contact me today!

Thanksgiving Weekend

Thanksgiving in Canada is on Monday October 8, 2013. Here is a list of what is open and closed on the holiday.

What’s closed:

• LCBO outlets and Beer stores (Some LCBO agency stores will observe their normal hours of business on Monday. Agency stores are locally-owned retail establishments that contract with the LCBO to sell alcohol and other products in communities that are too small to support LCBO stores.)

• Banks, government offices and libraries

• No mail delivery

• Most malls

• Most grocery stores

• Most drug stores

What’s open:

• Eaton Centre (10 a.m. to 6 p.m.)

• VaughanMills (10 a.m. to 7 p.m.)

• Square One (11 a.m. to 6 p.m.)

• Pacific Mall (11 a.m. to 8 p.m.)

• TTC is running on a holiday schedule

• GO Transit is running on a Sunday schedule

• Select tourist attractions including the CN Tower

If you're planning on going to the U.S. during the holiday, border wait time information is available on the CBSA web site

Hourly border wait time updates are available on Twitter at:

Queenston-Lewiston Bridge, Queenston, ON/Lewiston, NY
@cbsa_qlb

Rainbow Bridge,Niagara Falls, ON / Niagara Falls, NY
@cbsa_rbb

Peace Bridge, Fort Erie, ON / Buffalo, NY
@cbsa_pbr

Ambassador Bridge, Windsor, ON / Detroit, MI
@cbsa_abb

Detroit and Canada tunnel, Windsor, ON / Detroit, MI
@cbsa_dct

Blue Water Bridge, Sarnia, ON / Port Huron, MI
@cbsa_bwb

Wishing you all a wonderful Thanksgiving! Stay safe.

Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook
Linkedin

Thinking of selling your home in the next 1 or 2 months? For free and confidential Market Evaluation of your home click here



Are you looking to buy your dream home. Contact me today!