tag:blogger.com,1999:blog-38321297197581942782011-04-21T16:19:29.903-07:00Lepp/Draper Team BlogInformation about real estate and communities in Durham and GTA.Shawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.comBlogger51100tag:blogger.com,1999:blog-3832129719758194278.post-90768814786328420612009-05-25T10:05:00.000-07:002009-05-25T10:12:44.555-07:00Greater Toronto Resale Housing Sales Up in First Half of MayTORONTO, May 19, 2009 - Greater Toronto REALTORS® reported 4,561 transactions in the first half of May – an increase of three per cent compared to May 2008."Members reported a rise in buying activity this month," said TREB President Maureen O’Neill. "Many home buyers who were undecided about purchasing a home during the winter months are now proceeding with confidence as a result of the GTA Shawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.com0tag:blogger.com,1999:blog-3832129719758194278.post-8961953912834218002009-05-06T13:07:00.000-07:002009-05-06T13:12:13.063-07:00Greater Toronto REALTORS® Report 8,107 Resales in AprilIn April 2009, Greater Toronto REALTORS® reported 8,107 sales – down seven per cent from April 2008. While April sales remained lower than last year, the resale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up twothirds compared to January’s ten-year low.1"Conditions in the resale Shawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.com0tag:blogger.com,1999:blog-3832129719758194278.post-76159142493571775812009-04-23T13:25:00.000-07:002009-04-23T13:26:09.668-07:00Bank of Canada Cuts Interest Rates For Last Time In AprilThe Bank of Canada lowered its benchmark overnight lending rate by one quarter of a percentage point to 0.25 per cent at its setting on April 21st, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, declined to 0.5 per cent.The Bank acknowledged the global economic recession had intensified since publishing its previous economic forecast in Shawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.com0tag:blogger.com,1999:blog-3832129719758194278.post-54851548333871283712009-04-23T06:36:00.000-07:002009-04-23T06:38:08.865-07:00Time Is Right For First-Time Homebuyers, Housing Experts SayBy: Kristine Owram, THE CANADIAN PRESSTORONTO - Low mortgage rates and more affordable homes in many markets are pushing first-time home buyers to enter the market in droves, Canadian real-estate experts say.Phil Soper, president and chief executive of Brookfield Real Estate Services (TSX:BRE.UN), said that when the Canadian housing market was hot, bidding wars forced many buyers to put in offersShawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.com0tag:blogger.com,1999:blog-3832129719758194278.post-20479949154446215542009-04-12T10:29:00.000-07:002009-04-12T10:41:22.615-07:00March Resale Housing Results Bring Positive NewsTORONTO, April 6, 2009 - In March 2009, Greater Toronto REALTORS® reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than five per cent from the same month last year.“The Greater Toronto housing market has stood up very well given the challenging Shawnhttp://www.blogger.com/profile/11242581609725876539noreply@blogger.com0