Greater Toronto Real Estate Market Update by Manoj

Greater Toronto Area Resale Real Estate Market Resilient in 2009

Greater Toronto Area Resale Real Estate Market Resilient in 2009

January 6, 2010 -- Greater Toronto REALTORS® reported 87,308 MLS® transactions in 2009 – a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.

To see the detailed report, please visit my blog at http://www.aceteamrealty.com/blog.asp 

NEW TREB Housing Market Charts!

Along with the monthly Market Watch release, Toronto Real Estate Board will now be releasing a series of charts summarizing key residential statistics for the Greater Toronto Area. A pdf version of all charts, including a description of each chart is now available.
 
To See all the charts, please click here to visit our blog at:
www.AceTeamRealty.com/blog

Mortgage Rates are dropping again

After a sudden increase in mortage rates couple of weeks ago, both the variable and Fixed rate Interest rates for 5 years term have dropped in last few days. These mortgage rates continue to be at a historically low level. If you are thinking of purchasing in next few months, now is the time to apply and get pre-approved and lock-in the lowest interest rates.
1 Year 3 Years 4 Years 5 Years  5 Years variable
2.35% 3.25% 3.89% 3.74% 2.00%


* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Wednesday, December 4, 2009.
Buyers and Home Owners should take advantage of this present market conditions. If you are paying high interest Rates on your mortgage or have equity in the house and want to consolidate your debts to reduce your monthly payments, now is the time.
 
 
 
Please call us at 416-618-9753 or visit

 

 

Contact Information

Photo of Manoj Kumar Arora, Broker of Record Real Estate
Manoj Kumar Arora, Broker of Record
Ace Team Realty Inc., Brokerage
10 Kingsbridge Garden Circle, Suite 704
Mississauga ON L5R 3K6
905-488-3101
1-888-355-3155
Fax: 1-888-443-3155
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