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/
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October 2011 Real Estate Market Report

The Toronto Real Estate reports that the pace of home sales remains brisk in October. Here is the Report:

November 3, 2011 -- Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010.

Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within the same year. After adjusting for seasonality, the annualized rate of sales for October was 97,100, which was above the average of 90,700 for the first three quarters of 2011.

"The pace of October resale home transactions remained brisk in the GTA. This bodes well for a strong finish to 2011," said Toronto Real Estate Board President Richard Silver. "Home buyers who found it difficult to make a deal in the spring and summer due to a shortage of listings have benefitted from increased supply in the fall."

The average selling price through the TorontoMLS® in October was $478,137 – up eight per cent compared to October 2010.

"Sellers' market conditions remain in place in many parts of the GTA. The result has been above-average annual rates of price growth for most home types," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.
"Thanks to low interest rates, strong price growth has not substantially changed the positive affordability picture in the City of Toronto and surrounding regions."

If you wish to get a detailed report you could contact me and I would be happy to email it to you.
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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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

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