Real Estate News

September Newsletter

August 2013 Sales and Average Price Up Over 2012

Greater Toronto Area REALTORS® reported 7,569 residential transactions through the TorontoMLS system in August 2013. This represented a 21 per cent increase compared to 6,249 sales in August 2012.

“Sales were up strongly this past August for all major home types compared to last year. Many households have accounted for the added costs brought on by stricter mortgage lending guidelines and have reactivated their search for a home. These households have found that a diversity of affordable ownership options exist throughout the GTA,” said Toronto Real Estate Board President Dianne Usher.

Average Market Price August 2013 Sales by Home Type August 2013

The average selling price for August 2013 was $503,094 – up by almost 5.5 per cent compared to the average of $477,170 in August 2012. The MLS® Home Price Index (HPI) composite benchmark was up by 3.7 per cent over the same period.

“Despite an increase in borrowing costs during the spring and summer, an average priced home in the GTA has remained affordable for a household earning an average income. With this in mind, tight market conditions are expected to promote continued price growth through the remainder of 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Retrieved from Toronto Real Estate Board Report


Organize your home with back to school 'zones'

With kids back at school, backpacks, lunchboxes, homework assignments and letters from administrators are sure to leave your home looking a little worse for wear. Toronto professional organizer Tina Blazer, owner of Spot On Organizing, says organizing your home into zones can help ensure your kids' school lives don't turn your stylish home into a clutter abyss.

"Clutter starts at the front door," says Blazer. Equip your entryway with ample hooks for backpacks and sports bags. If soccer equipment, skates and gymnastics bags are cluttering up your front closet, designate a hook or basket for each activity. If there isn't enough room at the front door, relocate these items to your child's bedroom or basement.

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(Retrieved from Toronto Sun Homes)


Peace of mind with a secure home

It used to be that we left our doors unlocked. Kids didn’t have to carry a key to school. If we did lock our doors, we left a spare key “hidden” under the mat. Regrettably, times are different now. Securing a home has become a priority for most homeowners.

Whether it’s a house, apartment, or even a cottage – we all want to protect what is ours. But what is the best way to do that? EiEiHome spoke to Sharon at Affordable Lock Services Inc., who gave us a few suggestions for things to keep in mind when it comes to security.

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(Retrieved from Toronto Sun Homes)

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