Category Archives: toronto real estate

90% of Home Buyers Use The Internet & Social Media While Search For A Home!

36% of purchasers first learned about their new home from the internet; only 2% from the newspaper…. How did you start your real-estate search?? According a survey conducted by the National Association of Realtors, 90 percent use the Internet. Buyers also use other resources; however, they generally start the search process online and then contact an agent. How did you learn about the home you purchased? 36 percent of buyers said the Internet; 36 percent of buyers said a real estate agent. Only 2 percent from a newspaper. According to the NAR survey: Buyers use a wide variety of resources … Read more

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November Stats are Out!…GTA Home Sales Remain Strong Through November!

There were 7,446 sales reported  in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14% compared to the first 11 months of 2008. “This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour. “Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.” The average price for November … Read more

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Gen Y Drives Toronto Condo Boom!

With a record 20,000 new condo units set to become available in 2010, the recession seems to have bypassed the Toronto Condo market! Love them or hate them, Toronto is fast becoming the city of condos. The condo building boom that began several years ago is showing resilience, as low interest rates and a steady stream of eager new buyers are sustaining a market that looks very affordable by international standards, some experts said. Condo consultant Barry Lyon said 2010 is poised to be a record year for Toronto condos. “We have become the largest condominium market in North America … Read more

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Emerging Neighbourhoods In Toronto!

During the first two weeks of November 3,666 were bought and sold in Toronto and surrounding areas! An increase of  84% compared to the same periodlast year. The average price of a GTA home is currently $415,066, up 10% year-over-year. While buying a home in Toronto might seem daunting, particularly to first-time homebuyers, the city does have areas that remain financially accessible and choosing the right one can net substantial long-term gains. Spotting the next Cabbagetown, Leslieville or Distillery District before it develops a cachet can be a fairly straightforward process. The key is to look for common characteristics that … Read more

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