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The Miller Report - December 2009

Success Comes From Helping People!

The Winter holiday season is upon us and once again I'm reminded of all the amazing people our team has had the opportunity to work with, past and present!
I truly believe that success comes from helping people. A heart-felt philosophy echoed by my team partners.

As Realtors, we meet a lot of people going through changes. Sometimes change is wonderful and exciting, while other times it's challenging.
Regardless of the situation, it is an honour to help people achieve their real estate goals.
We are all unique and the Winter holidays act as a reminder to celebrate life and embrace our differences.

On behalf of all the members of the Jay Miller Team I'd like to take a moment to thank you for your patronage and wish you a fabulous Winter Holiday Season and an Awesome 2010!!

Here is your Real Estate Report to the end of November, 2009...

Real Estate Market Still Strong!

Greater Toronto REALTORS® reported 7,446 sales in November - slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
"This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006," said Toronto Real Estate Board President Tom Lebour.
"Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter."

The average price for November transactions was up 14 per cent year-over-year to $418,460. The average price year-to-date was up four per cent to $394,464.
"Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "As we move into the spring, growth rates will move to more sustainable levels."
Beat The H.S.T. and Keep An Eye On Rates!

If you are thinking of buying or selling you may want to consider doing it sooner rather that later. The potential new Harmonized Sales Tax (H.S.T.) proposed for the middle of 2010 will increase the cost of services associated with buying and selling such as real estate commissions, legal fees, home inspectors and more. Sellers should consider listing early this spring while buyers can expect more inventory to choose from.

Buyers will also want to keep a close eye on interest rates which are still incredibly low. A great time to buy is when the rates are low!

Contact The Jay Miller Team today!

Helping you make informed decisions!