Thursday, July 28, 2011

Ahhh, summer passes by so fast when we are already at the August civic holiday. Here's what's going on in Toronto fro July 29th thru August 1st.

The Artist formerly known as Caribana - now Da Caribana Lime is on all weekend at Ontario Place.

There is an Art Market in the Distillery district - the Distillery is always a lovely stroll.

A Mid Summers Night dream is taking place on the Carrot Commons roof top garden, 384 Danforth Avenue. Ticket prices range - check out their web site.

July 31st is the Street Golf Tour and Concert at Dundas Square. Features PGA Certified Coaching Clinics, Swing Analyzers & some of the newest technology for beginner & advance golf training.

The Brick Works Farmers Market and the East Lynn Family Markets run Saturday Mornings.

Enjoy your extra long weekend!

Thursday, July 21, 2011

What to do in Toronto for July 23rd and 24th 2011

Toronto is a fun filled summer city and there is lots going on!
Beaches Jazz festival wraps up this weekend with a 5k, 10k and 20k Beaches Jazz Tune Up.

If Heavy Metal is your thing, there is a Heavy TO festival at Downsview Park.

Rock and Roll hall of farmers Steely Dan is playing at the Molsons Amphitheatre.

Looking for something more subdued? Check out the Farmers Market at the Brick Works. Beautiful back drop and fantastic vendors.

Don't forget Taste of the Danforth is coming up August 5th, 6th and 7th.

Have a great weekend!

Toronto Real Estate: Mid July 2011 Resale Market Figures

It's an interesting market out there. Home prices continue to climb...

Toronto, July 18, 2011 During the first 14 days of July, Greater Toronto REALTORS® reported an increase in sales and the average selling price compared to the first two weeks of July 2010. The number of sales through the TorontoMLS® system was up 35 per cent to 3,609, compared to 2,672 last year.

"Low mortgage rates, rising incomes and good news on the jobs front have kept consumers confident in purchasing a home in the Greater Toronto Area. In fact, home buyers are much more confident than they were this time last year when concerns around the HST, interest rate hikes and new mortgage lending rules had temporarily put a damper on home sales," said Toronto Real Estate Board (TREB) President Richard Silver.

Tight market conditions in the GTA drove a strong rate of price growth through the first two weeks July. The average selling price was $464,277 – up 9.6 per cent compared to the average of $423,773 in July 2010.



http://www.torontorealestateboard.com/consumer_info/market_news/news2011/pdf/nr_mid_month_0711.pdf

Saturday, July 09, 2011

Toronto Real Estate: June 2011 Resale Market Figures

Toronto, July 6, 2011 – Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.

"The strong June result capped off an interesting first half of 2011," said Toronto Real Estate Board President Richard Silver. "The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. Because of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term."

The average price for June transactions was $476,371 – a 9.5 per cent increase over June 2010. Through the first six months of the year, the average selling price was $467,169 – almost an eight per cent increase compared to the same period in 2010.

"While sales have been strong, we would be on track for a record number of transactions in 2011 if not for the decline in listings so far this year," said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. "Tight supply meant more competition between home buyers and an accelerating annual rate of price growth in the second quarter."

"Home owners will likely react to the stronger price growth by listing their homes in greater numbers. A better supplied market would result in more moderate price increases," continued Mercer.

http://www.torontorealestateboard.com/consumer_info/market_news/news2011/pdf/nr_market_watch_0611.pdf