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Feb
14
Market Watch - January 2008 Numbers
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Market Watch > January 2008 Numbers
The 2008 Toronto Real Estate Market has gotten off to a strong start. Sales were just 2% shy of a January record, with a total of 5,073 transactions having taken place in January 2008. The record for January is in 2007 when a total of 5,173 transactions took place.
Toronto Real Estate Board president Maureen O’Neill said “This is a very positive start to the year but we will be watching closely to see how the City of Toronto’s new land transfer tax and a proposed property tax increase affect the market”.
Traditionally, the winter months are generally the slowest during the year. Most people wait for the spring market to sell their homes. However, a rush of end of year sales and purchases helped to bring a strong end in December 2007.
The average price of a home in Toronto is currently $374,449. This is a six per cent increase compared to January 2007.
If you are thinking of selling your home in the near future and would like some advice in preparation for the spring market, please have a look at the Selling Articles and also Contact Radu.
All previous Market Watch Articles available here.
For more information, contact:
Radu Medan
Sales Representative
Homelife Victory Realty Inc., Brokerage
416.590.0033
rmedan@trebnet.com
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February 14th, 2008
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It is interesting to see what is happening in Toronto and the rest of Canada. The thing about foreclosures is that somebody wins and somebody loses. And guess who’s left holding the bag at the end of the dance…WE ALL ARE. Wake up people and realize that it’s all of us taxpayers cleaning up this mess.
Regards,
Rob Lawrence
http://www.battlecall.com