Welcome to Linda's web site - your source for Toronto, York Region including Markham, Richmond Hill, Aurora, Newmarket, Stouffville, Vaughn, and Durham Region including Ajax, Pickering and Whitby real estate.

Currently the real estate market has remained strong. Listings have been lower in numbers, which means buyers have had to compete with other buyers for properties. Interest rates are still at a very low level which has kept buyers confident in the market.

• Greater Toronto REALTORS® reported 4,718 MLS® transactions for Dec., 2011. The total number of transactions for the whole year of 2011, was 89,347. This represents a 4% increase in sales over 2010. 

• The average selling price of a home in Dec., 2011 was $451,436, up 4% year over year from Dec., 2010. The average selling price for all of 2011 was $465,412 which was up 8%, over all of 2010.

“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.
 

Stricter mortgage rules are in place, which will better protect the consumer.

Source: (Toronto Real Estate Board)

(See the "Statistics" section for current sales charts).
 

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  Call me if you need advice on purchasing or selling your home. I am here for your real estate needs! 
  Email: Lin@rogers.com Phone: Cell 416-450-2001