Toronto Sun News January 21, 2012 - Toronto real estate safe as houses

While many fear Toronto’s real estate bubble is on the verge of bursting, analyst are cautioning buyers and sellers to relax.

“I do not believe that Toronto, as a whole, is in a bubble,” explains Don Campbell, president of the Real Estate Investment Network. “I think it’s more like a balloon where the air is going to start leaking out.”

Housing will continue to stay strong throughout downtown communities and surrounding areas, such as Leslieville and the Junction, where many newcomers may choose to buy homes because downtown is too expensive, Campbell said. Where there is trouble is the new condo market.

“I believe we’re going to feel an over supply in 2013 because we’ve got a record number of condos coming onto the market in 2012,”

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Moore Park..Detached 5 Bdrm Dream Home Open House Jan 21-22

Open House Sat & Sun Jan 21 & 22 From 2 to 4 pm

57 ROSE PARK DR
(West of Mt Pleasant)

Asking Price $1,699,000

MLS C2269056

Gracious Moore Park Centre Hall On Wide Lot (44 x 107ft).

Click here to view Virtual Tour & for more photos...

This Home Is In Move-In Condition. New Kitchen, Large Basement, Private Drive, Lovely Intimiate Backyard, Spectacular Street With No Through Traffic. Close To All Premier Schools, Walk To Yonge & St. Clair.

See Feature Sheet For More Details. Home Inspection Is Available.

Please call me for more info or to visit!!! 416-481-6137

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2012) - Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per cent.

Click here to read the Press Release...

ZONE: Berkeley Street Theatre Feb 1 to 12th @ 8:00 PM

Presented By: Le Théâtre français de Toronto

Zone, written by MARCEL DUBÉ, one of the most significant figures during Québécois theatre’s emancipation from the dark Duplessis years. His works are typified by an honest and simple poetic voice, reflective of a daily and a social reality that never cease to surprise by their lasting relevance. Zone is an exploration of misdirected youth.

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Where to Buy Now: Davisville Village, because it's the last place under $1 million off Yonge

Realtors such as Patrick Rocca and myself have been saying this for a long time...Davisville Village is an often times, hidden gem!

Families eager for a mid-town address without the Summerhill prices have one last hope. "Davisville's probably the only off-Yonge pocket left for a house between $600,000 and $800,000," says John Pasalis of the brokerage Realosophy Realty. "Anywhere else, its unheard of for that price range.

Source: TorontoLife
By: Monika Warzecha

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Second-Best Year on Record for Sales

Jason Mercer - Senior Manager, Market Analysis, discusses the Market Watch Report for December 2011.

Click here to view video...

Click here to read full report with details on each district...

Call or email me for help in understanding how this information relates to you and the sale of your home. Or your plans for the purchase of a home.

Winterlicious Guide...Runs January 27 - February 9

Here it is, the Winterlicious Guide from Toronto.com...Winterlicious runs from Jan 27 to Feb 9...reserve early!

Click here to access the Winterlicious Guide...

HAPPY NEW YEAR!

CMHC Releases 2011 Canadian Housing Observer, a Comprehensive Report on the State of Housing in Canada...

OTTAWA, ONTARIO, Dec 29, 2011 (MARKETWIRE via COMTEX) -- Housing-related spending accounts for more than 20 per cent of Canada's Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 - up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annual Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC).

"The Observer is unique in its in-depth review of housing conditions and trends, including developments - both domestic and international - that influence housing finance and housing market developments in Canada," said Karen Kinsley, President of CMHC. "The Observer's data provides insight into Canadian residential mortgage practices and housing market trends, while highlighting the importance of housing in this country."

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Caution in the Wind for 2012 Mortgage Forecast....

A new year invariably brings thoughts of change, predictions for the future and forecasts of good or bad or something in between.

When it comes to the Canadian mortgage industry, experts point to a vulnerable global marketplace as a backdrop for the tepid economic predictions being issued by Canadian economists.

As a result, experts are calling for what might be described as a cautiously optimistic outlook for 2012 with the emphasis on cautiously. Expect a number of challenges.

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