Here's
your report
for resale
homes in April
2007!
REAL ESTATE MARKET UPDATE
May
4th,
2007
-
With
581
sales
reported
on
April
30,
the
highest
single
day
total
ever
documented,
April's
transactions
reached
an
astounding
9,452,
the
best
single-month
total
ever
recorded,
TREB
President
Dorothy
Mason
announced
today.
"The
Greater
Toronto
Area's
resale
housing
market
has
showed
sustained
strength
and
these
phenomenal
numbers
bode
well
for
the
remainder
of
this
year's
spring
market."
Average
prices
climbed
three
per
cent
in
April,
to
$379,025
from
last
April's
$366,683.
"Despite
the
torrid
sales
pace,"
Ms.
Mason
said
"Overall
price
increases
are
holding
at
marginally
above
the
inflation
rate,
which
means
that
potential
first-time
buyers
are
not
being
pushed
out
of
the
market."
The
Toronto
Real
Estate
Board
includes
Toronto,
York
Region,
Mississauga,
Brampton
and
Durham
Region.
Breaking
down
the
total,
3,591
sales
were
reported
in
TREB's
28
West
districts
and
averaged
$351,415;
1,696
sales
were
reported
in
the
14
Central
districts
and
averaged
$517,418;
1,898
sales
were
reported
in
the
23
North
districts
and
averaged
$401,355;
and
2,267
sales
were
reported
in
TREB's
21
East
districts
and
averaged
$300,530.
RETURN ON RENOVATIONS
What to expect when you sell
your
renovated
home
Over
the
past
few
years
you've
renovated
your
home.
Obviously
you're
curious
how
those
renovations
have
affected
the
value
of
your
home.
There
is
no
perfect
way
to
find
out
exactly
what
the
return
on
your
investment
will
be
because
one
buyer
may
pay
more
of
a
premium
than
another,
but
try
going
to
the
Appraisal
Institute
of
Canada's
Renova
page.
You
simply
type
in
your
renovation
and
they
will
give
you
an
estimate
of
the
return
you
can
expect
when
you
sell.
These
figures
are
not
exact
but
can
help
you
decide
what
future
renovations
will
give
you
the
best
return
on
your
investment.
AREA REPORTS
A Great Way To Determine the
Value
of a
Property
A
super-easy
way
to
determine
the
value
of
a
property
is
to
request
an
Area
Report.
Find
out
what
homes
or
condos
have
been
selling
for
in
your
area
of
choice
and
do
a
direct
comparison!
Simply
click
the
"Area
Reports"
link
in
the
menu
on
the
left,
fill
in
a
bit
of
data
and
your
report
will
be
sent
to
you
-
It's
that
simple!
Remember, when you
send me a referral you
become eligible for
my referral program,
which entitles you to
a $200.00 gift certificate
from the restaurant,
store or boutique of
your choice. Feel
free to contact me for
details!
