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June Housing Charts and Trends

graph arrowFor those of you who like to watch trends, examine graphs and understand your local real estate market, we think you’ll find June figures surprisingly positive!

Take a look at the Toronto Real Estate Board’s June Chart. Pay especially close attention the the 4th chart;  Average Resale Home Prices. The orange bar represents 2010 and you’ll find it to be well above the previous 4 years.

If you’re curious about your local market, take a look at the Board’s Market Watch for June 2010.  Read the rest of this entry »

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Toronto Real Estate Springs into Spring!

The Toronto Real Estate Board site stated that “Greater Toronto REALTORS® reported Mulholland & Ross Sold Sign7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.

Statistics reported for the first two weeks of March 2010 indicate that Toronto is heading into an exciting Spring market!

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Why Subscribe?

So much general real estate info litters the web – much of it is general real estate stories written by writers who don’t even live in Canada,rss image let alone Toronto, and sometimes purchased by Realtors who then send it out via a monthly e-letter or link it to a mass email.

Welcome to the new Mulholland | Ross RealEstateToronto.com site! Our relevant local real estate site is an RSS campaign so that you can receive any changes to our site instantly – in real time.  Everything including Open House and New Listing announcements.  You can also search MLS listings – and access even more information!

What is RSS?

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301a Hounslow Ave., Toronto ON

301a Hounslow Avenue, Toronto ONMuch loved 4 bedroom/4 bathroom home has all the space and design you are looking for.

OPEN HOUSE FEB 27th/28th SAT/SUN 2-4pm

Generous sunken living room with open gas fireplace, hardwood floors and pot lights. The family room has a real wood burning fireplace! Warm Hardwood floors through main floor.

Modern family size kitchen with granite counters and built in desk area. French doors open to the party size deck and fully fenced back yard.

View More Pictures and Print Flyer or read more here

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OPEN HOUSES Feb 20th and Feb 21st

Drop in to these beautiful homes in the Yonge/Sheppard area in North York Toronto between 2-4pm Saturday and Sunday! Read the rest of this entry »

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Wise Toronto Home Buyers See Past the Paint

At first glance, the green shag carpet and dark paneled walls made this young couple want to cry. They had hope to ines and eli 2010 find pot lights and shiny stainless steel appliances; the modern decor seen in most condo and home magazines.

But this wise Toronto couple quickly saw ‘past the paint’ and realized that this house could be everything they wished for with just a little planning. Read the rest of this entry »

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When is the Best Time to Sell a Home in Toronto?

Best time to moveSome feel spring is always the best time, others will tell you summer or fall – funny how many assume that winter might be the worst time. 

We believe that the best time to sell your home…is when you’re ready.

Statistically, the average sale prices in the Greater Toronto Area tend to rise from March through to about July. In 2009 we witnessed sale prices dropping through spring yet rising from July right through winter and continuing to rise as we write this post.

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332 Burnett Ave., Toronto ON

JUST SOLD!

332 Burnett Ave., Toronto ONWhen it’s time to make a move, whether buying and/or selling, call Peter and Ora and discover why so many families entrust the services and expertise of the Mulholland | Ross Team for all their real estate needs.

Curious about the value of your own home? 
Visit TorontoPropertyValues.com  and recieve the information you need to make your next move!

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Toronto Average Prices Since 2004

Many of you have been watching this chart  for years  through our monthly newsletters and together we have watched prices climb, then fall, then climb back again. Aside from that short dip from mid 2008 to mid 2009, the price of real estate in Toronto has been on a 13 year incline.

The average price has increased from a $322k back in January 2005 to $411k in December 2009.  In just 5 years the average monthly price has increased over 25%.
While the average price saw a steady decline from late 2009 through to the summer, all losses were reversed by the end of the summer and prices have continued to exceed the highs of 2007.

Watching averages can give a big picture of a trend, but is doesn’t always tell the true story of what a buyer will pay for a home. Read the rest of this entry »

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Toronto Market Trends for North Toronto and North York Jan 2010

Toronto Real Estate Board C07 areaThe Toronto Real Estate Board  reported 2,061 homes listed for sale in the C07 area for 2009. Of those listed, 1,435 of C14 area mapthem sold (69.6%).

On the east side of Yonge St., C14 had 2,735 listed with 1,867 of those homes selling (68.2%). 
The average days on the market came around 29 days in both area -   huge shift from December 2008 where the average time on the market rose to over 40 days.

The average property sold for 98% of it’s listing price west of Yonge St., and 99% east of Yonge with that percentage climbing closer to 100% in recent months.

The Toronto Real Estate Board’s C07 and C14 areas are basically described as the areas north of the 401 between Bathurst and Bayview Avenues running North to Steeles Ave.

Currently there are very few homes or condos on the market. Read the rest of this entry »

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