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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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

Low number of houses on the market in Mississauga, Toronto and GTA

This is the latest press release from Re/Max regarding the real estate market. Lack of inventory in Mississauga is going to set stage for heated Spring Market!!

Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

Mississauga, ON (February 24, 2010) - Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers. As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.

"There have never been so many motivating factors in play at once," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "We're in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close. The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies."

Regards,
Zeenia Kola with Sales Representative with Re/Max Realty Specialists Inc. Brokerage.
Ph: 905-828-3434
Website: www.zeeniakola.com
Email: zeenia@zeeniakola.com

or visit

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

If you planning to sell in next 2 to 3 months, feel free to contact me for a complimentary home evaluation.

GTA Resale Housing Market Posts Best June on Record

This is the best news so far in the Real Estate Industry!!

The Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales inJune was 100,700.1"The record result in June is testament to the fundamentally sound housing market in the GTA,"said the Toronto Real Estate Board’s newly appointed President Tom Lebour. "An increasingnumber of households have been confident in purchasing a home in the region’s affordable anddiverse resale housing market."The average price for June transactions was $403,972 – up by two per cent compared to thesame month last year."The re-emergence of seller’s market conditions has exerted upward pressure on home prices,"explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remainhigh relative to listings in the second half of the year. This will keep home prices growing."

For a complete copy of the Market Watch visit http://www.zeeniakola.com/ShowResources.cfm?TypeOfPage=5&Page=1

or contact Zeenia Kola : 905-828-3434

The New Reality for Real Estate Agents and Real Estate Market reported by Re/max Ontario Atlantic

I thought I would share this article with you which I received today from Michael Polzler, the regional director of RE/MAX Ontario Atlantic.This tells us how our housing market is currently doing and what is predicted for the short term. It also tells us what we real estate agents need to do in order to survive in this business.

Dear Sales Associates, Broker Owners, & Managers:

Real estate - The new market reality

As stability returns to residential real estate markets across the country, realtors and their customers are breathing a sigh of relief. The carnage south of the border has failed to materialize in Canada and all indicators - economic and otherwise -- point to a housing market on the upswing.

These have been trying times for our industry. Realtors that bought into the negativity in the marketplace from September 2008 to March 2009 now find themselves in a precarious position. No listings, no clients, no money. The 'paralysis by analysis' approach of letting fear limit progress has few benefits. Those that stayed the course over the period-pressing forward despite obvious challenges, adjusting to conditions, employing new strategies, creating solid business plans, farming entire neighbourhoods, and aggressively listing properties--are now ideally positioned. Realtors, who stepped up, instead of standing back, are now reaping the rewards.

The same held true for purchasers. Buyers who moved in the midst of uncertainty, ignoring warnings from doom and gloom forecasters, economists and naysayers, snapped up some of the best real estate deals this market has seen in years. By contrast, those who panicked and chose to sit it out on the sidelines are now facing rising interest rates and-in some markets-limited inventory levels.

With national resale housing market activity returning to pre-recession levels in May, it would seem that we've come through the worst of the financial meltdown, with the real estate correction nearing an end. The number of positive indicators is very encouraging. However, recovery is still underway, and there may still be some bumps along the road. Nevertheless, the buoyancy in the marketplace took economists by surprise. Just over half of all major markets reported an increase in unit sales in May over year-ago levels. Consumer confidence continues to strengthen across the board. While the summer months are approaching, it is important to remember that there is still much work to be done. This is not the time to take your eye off the ball.

Ours is a market-a business-that must, by necessity, continually evolve. We know by experience that the real estate climate can change quickly, as evidenced by events such as 9-11 and the current financial crisis. However, a smart realtor is one that is always prepared-never taking a good market for granted, always employing strong business fundamentals to ensure that, while markets may suffer, his/her career will not. To that end, going forward, we may all have to go a bit further, work a bit harder, and persevere to maintain a competitive edge. While some may view this a time to survive, there's no question that, for those who are savvy, it can very well be a time to thrive.

Thank you for reading,

Zeenia Kola,
Sales Representative

Re/Max Realty Specialists Inc., Brokerage
2691 Credit Valley Rd, Mississauga, ON, L5M 7A1

Ph: 905-828-3434
Email: zeenia@zeeniakola.com