July 31, 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for Newmarket:

Sales: 660
$Volume: $231,648,883
Average Home Price: $350,983
Average Days on Market: 30
Average List %: 98

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

Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Aurora


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Toronto Real Estate Board Housing Prices Summary- King June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for King:

Sales:93
$Volume: $67,190,700
Average Home Price: $722,481
Average Days on Market: 54
Average List %: 96

Click the links below to see a brief June 2008 for:

Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
Aurora
Newmarket

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Toronto Real Estate Board Housing Prices Summary- Keswick/Georgina June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for Keswick/Georgina:

Sales: 399
$Volume: $105,910,507
Average Home Price: $265,440
Average Days on Market: 42
Average List %: 97

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

Bradford
Innisfil
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary- Innisfil June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for Innisfil:

Sales: 192
$Volume: $50,815,538
Average Home Price: $264,664
Average Days on Market: 50
Average List %: 97

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

Bradford
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary- East Gwillimbury June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for East Gwillimbury:

Sales: 114
$Volume: $48,355,244
Average Home Price: $424,169
Average Days on Market: 39
Average List %: 97

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

Bradford
Innisfil
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary- Bradford June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for Bradford:

Sales: 207
$Volume: $64,927,290
Average Home Price: $313,658
Average Days on Market: 40
Average List %: 98

Click the links below to see a brief June 2008 for:
Innisfil
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary- Aurora June 2008

The June market shows signs of a more balanced market. A total of 8,600 sales took place in June 2008.

“Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,”noted TREB President Maureen O'Neill. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

So how many of those sales took place in the Northern districts? A total of 1,697 sales were reported in 23 Northern districts; and averaged a selling price of $430,498.

Here's a look at the June 2008 statistics for Aurora:

Sales: 422
$Volume: $186,017,132
Average Home Price: $440,799
Average Days on Market: 30
Average List %: 98

Click the links below to see a brief June 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Newmarket

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July 24, 2008

Tarion to create new ombudsman position to handle customer complaints

Tarion, the province's new home warranty program, is creating a new post to deal with customer complaints: Home Buyer Ombuds- person.

"We certainly came to the conclusion that Tarion has to be more open to consumers and has to have someone for them to reach out to," said Tarion's president and CEO Howard Bogach.

Tarion is an independent corporation that administers Ontario's New Home Warranty Plan, which offers protection to new homebuyers who pay a fee.

Bogach, who was appointed by the Tarion board earlier this year, has made it clear he was hired to make the program more open and accountable to warranty holders.

In an interview with the Toronto Star just after his appointment, Bogach said he was considering bringing in an ombudsperson to broker homeowner complaints.

"It is an opportunity for consumers to have a second avenue of assistance," Bogach said in an interview this week.

The ombudsperson will not only mediate homeowner's complaints, but will be asked to suggest any changes in policy or practice that may be needed, Bogach said.

News of the job posting comes just weeks after a stinging 16-page report from provincial Ombudsperson André Marin.

In an interview with The Canadian Press, Marin said the public sees Tarion as a "puppet" of the home building industry and that it is a "chronic underperformer.

...When Marin issued his report last month, the Ministry of Government and Consumer Services and Minister Ted McMeekin were responsible for Tarion. Oversight for Tarion has now been shifted to the Ministry of Consumer and Business Services under Minister Jim Watson.

In his report, Marin said consumers are confused about just how Tarion and the province interact and called on the ministry to "clarify" its role in Tarion's affairs.

"I have concluded that the ministry's failure to clearly set out the nature of its role with respect to new home ownership needs to be remedied immediately," Marin said in his report.

There were 52,332 new homes enrolled in the warranty program in 2007, with some $9 million paid out under the plan. As of last year, a total of 465,116 homes were under warranty.

With files from The Canadian Press


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PMI Canada calls for review of CMHC

PMI Mortgage Insurance Company Canada (PMI Canada) says it would like to see the government examine how competition could be increased in the Canadian mortgage insurance market and consider how Canada Mortgage and Housing Corp.’s mortgage insurance business could be restructured “to best ensure an active and competitive mortgage insurance market”.

The company says it commends the Competition Policy Panel for its recent recommendations for instituting regulatory reforms, increased transparency, and reduction of overlap and duplication in the regulatory arena.

“PMI Canada has advocated for a consistent and transparent system of regulatory review,” says Janet Martin, CEO, PMI Canada, in a news release. “We are encouraged by the panel’s recommendations that a more broad system of regulatory reform be undertaken with the goal of maintaining and increasing competition within the marketplace.”

In January, PMI Canada submitted its recommendations to the panel that called for separating CMHC’s various businesses, including mortgage insurance, into separate entities, privatizing CMHC’s mortgage insurance business, and recommending a public mandate review of CMHC.

“Implementation of the proposed recommendations would help to increase long overdue mortgage insurance competition, resulting in more choice for Canadians looking to achieve the dream of home ownership,” says Martin.

"Establishing a level playing field in Canada will benefit not only potential home buyers but lenders as well, the company says. “Fostering increased mortgage insurance competition will allow PMI Canada to bring innovative risk solutions to lenders that will assist them with their business strategies, particularly when it comes to market expansion and risk mitigation,” says the company. “Most financial Crown corporations are required to have public mandate reviews every 10 years; however, no independent mandate review of CMHC has been conducted for more than 20 years.”

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New PERKS- Client Appreciation Program

Here we grow again! I'm happy to announce my new PERKS- Client Appreciation Program, a complimentary service that I'll be providing to my valued clients.

This program features a whole range of informational booklets and brochures, a referral business directory of professional trades and services, an annual home evaluation, and a whole host of other helpful information sent out on a monthly basis.

Here at the Dream Home System, we're constantly looking for ways to improve our services. I invite you to visit my website to learn more about the PERKS- Client Appreciation Program.

Also, check out our online referral business directory. My clients, friends, family members or I have used many of these businesses personally, and believe that they can provide you with the quality services that you deserve.


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