Canada's House Price Growth Accelerates in January

Housing price growth accelerated in January for the second straight month, Statistics Canada said Tuesday.

The agency said stronger housing markets in Atlantic Canada and the Prairies pushed contractors' selling prices up by 6.5 per cent between January 2007 and January this year, a faster pace than the 12-month increase of 6.2 per cent seen in December.

Statistics Canada said the December and January accelerations followed 16 months of slowing increases in house prices.

Prices posted a 12-month increase of 4.2 per cent in Toronto, and two per cent in Ottawa-Gatineau.


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Location Fixation

Deciding where to live can be a little overwhelming. While the single largest investment you'll likely make- your family home- is not a decision to take lightly, you don't want to be intimidated by the process, either. For some, the question of where to buy is easy. It's determined by proximity to work, school, and/or friends and family. For others looking for the perfect community, the question becomes more complex and significant.

Click here to read more from this New In Homes article.


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Land Transfer Tax Refund Program Expanded to Include First-time Buyers of Resale Homes

In an effort to help more Ontarians buy their first home, the Ontario government recently announced the expansion of the Land Transfer Tax Refund Program to include purchases of resale homes.

Effective, December 13, 2007, first-time buyers of resales homes, as well as newly constructed homes, would be eligible for a refund from the provincial government of up to $2,000 of the Land Transfer Tax paid.

"Expanding this Land Transfer Tax refund is an important part of our government's commitment to helping Ontarians buying their first home," said Finance Minister Dwight Duncan.

For more information on this program, visit: http://www.fin.gov.on.ca/

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Toronto Real Estate Board Housing Prices Summary- Newmarket January 2008

The New Year is off to a good start in Toronto’s real estate market. A total of 5,073 sales took place in January 2008, just two per cent less than last year’s record performance.

So how many of those sales took place in the Northern districts? A total of 966 sales were reported in the 23 North districts; and averaged a selling price of $410,289.

Here’s a look at the January 2008 statistics for Newmarket:

Sales: 69

$Volume: $23,030,050

Average Home Price: $333,769

Average Days On Market: 35

Average list%: 98

Click the links below to see a brief January 2008 summary for:

Bradford

Innisfil

East Gwillimbury

Keswick
King
Aurora

If you would like more information please feel free to contact me by visiting my website: www.thedreamhomesystem.com

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Residential real estate markets across Canada post solid gains over past decade, says RE/MAX

Mississauga, ON (February 21, 2008) - Pent-up demand, population growth, tight inventory levels, and the longest economic expansion since World War II collectively fueled one of the best decades on record for residential real estate in Canada, according to a report released today by RE/MAX.

RE/MAX Decade in Review 1997 - 2007 found that major housing centres across the country experienced strong consecutive growth between 1997 and 2007. Average price spiraled upward while unit sales climbed in tandem as more and more Canadians bought into homeownership. Nationally, average price almost doubled in the 10-year period, rising from $154,606 in 1997 to $307,265 in 2007, for a 7.1 per cent annually compounded rate of return. Home sales across the country increased just over 57 per cent from 331,092 units in 1997 to more than half a million sales last year. Edmonton led the country in terms of percentage increase in average price. The city saw a 203 per cent upswing in housing values - or an 11.7 per cent increase annually - with average price rising from $111,587 a decade ago to $338,636 in 2007. Prince Edward Island experienced the highest percentage increase in unit sales, with the number of homes sold up 119 per cent in the 10-year period.

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Toronto Real Estate Board Housing Prices Summary 2007

2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
In the GTA and surrounding the market was better than ever as well. Here is a brief summary of the most important figures that compare 2007 to 2006.

2006 // 2007
Sales: 83,004 // 93,193
$Volume: $29,240,683,470// $35,062,515,134
Average Home Price: $351,941 // $376,236
Average Days On Market: 34 // 32
Average List% : 98// 98

Click here to see a brief 2007 summary for
Newmarket
Bradford
Innisfil
All Northern Districts of the Toronto Real Estate Board


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Northern District Housing Prices Summary 2007

2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
Here is a brief summary of the most important figures that compare 2007 to 2006 in all Northern Districts of the Toronto Real Estate Board.

2006 // 2007
Sales: 16,630 // 18,756
$Volume: $6,381,104,859 // $7,554,016,574
Average Home Price: $383,710 // $402,752
Average Days On Market: 38 // 36
Average List% : 97// 98

Click here to see a brief 2007 summary for
Newmarket
Bradford
Innisfil
All of the GTA/All Toronto Real Estate Board Districts


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Innisfil Housing Prices Summary 2007

2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
In Innisfil the market was better than ever as well. Here is a brief summary of the most important figures that compare 2007 to 2006.

2006 // 2007
Sales: 396 // 471
$Volume: $99,080,711 // $123,682,100
Average Home Price: $250,204 // $262,595
Average Days On Market: 57 // 61
Average List% : 97// 97

Click here to see a brief 2007 summary for
Newmarket
Bradford
All Northern Districts of the Toronto Real Estate Board
All of the GTA/ All Toronto Real Estate Board Districts


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Bradford Housing Prices 2007 Summary

2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
In Bradford the market was better than ever as well. Here is a brief summary of the most important figures that compare 2007 to 2006.

2006 // 2007
Sales: 376 // 428
$Volume: $103,926,951 // $128,038,462
Average Home Price: $276,401 // $277,750
Average Days On Market: 44 // 40
Average List% : 97// 98

Click here to see a brief 2007 summary for
Newmarket
Innisfil
All Northern Districts of the Toronto Real Estate Board
All of the GTA / All Toronto Real Estate Board Districts


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Newmaket Housing Prices 2007 Summary

2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
In Newmarket the market was better than ever as well. Here is a brief summary of the most important figures that compare 2007 to 2006.

2006 // 2007

Sales: 1291 // 1419
$Volume: $419,538,232 // $482,843,590
Average Home Price : $324,972 // $340,270
Average Days On Market : 32 // 32
Average List% : 98 // 98
Average Increase in home prices : 5%

Click here to see a brief 2007 summary for
Bradford
Innisfil
All Northern Districts of the Toronto Real Estate Board
All of the GTA / All Toronto Real Estate Board Districts


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