Home Re-sale Market (GTA - TREB areas)

	Homes Sold			Average Price
	2007		2008	2007	2008
June	10451		8600	$381,963		$395,866
May	11146		9411	$382,787		$398,148
April	9452		8762	$379,025		$398,687
March	8518		6631	$365,285		$380,338
February	6772		6015	$368,687		$382,048
January	5173		5075	$353,724		$374,449

Market Facts
(source TREB Market Watch)
* Number of Available Homes in Market : 26,697
* Supply of Home Inventory Available : 2.5 Months
* Average Days on Market : 34 days
* Average Price Change from Previous Month : -0.57 % (-$2282)

Average Price History

2007	1998	1988	1978
$376,236	$216,815	$229,63	$67,333

Here is complete report on real estate market activity in GTA area..

Mortgage Rates Forecast:
(source CMHC)

- Posted rates for one year for 2008 and 2009: 6.50-7.50 %
- Posted rates for three and five-year: 6.75-7.50 % range

Average Price Forecast:
(source CMHC)
-2008: $394,000 (increase by 4.5% from 2007)
-2009: $404,000 (increase by 2.5% from 2008)

Real Estate News Headlines
-Home prices slip for the first time in nine years (Globe & Mail, 15-July-2008)
-Say goodbye to 40-year mortgages (Toronto Star, 11-July-2008)
-Ottawa tightens mortgage rules to avoid bubble(Globe & Mail, 9-July-2008)
-Real estate deals open to more scrutiny(Prince George Citizen 6-July-2008)
-Prices rise and options shrink in the east (Globe & Mail, 27-June-2008)
-Canada's housing market shows shades of U.S. (Globe & Mail, 2-July-2008)

Back up power during power outages
Nearly all Canadians rely on their local utility company to supply the electricity they need to heat their homes, run appliances and keep the lights on. But in the event of a power failure, a reliable backup power system can play a major role in keeping your family comfortable - and safe.

To protect your family's health and security, Canada Mortgage and Housing Corporation has a variety of tips to help you get the most out of your backup power system, including:
Don't leave selecting, buying and installing a backup system to the last minute. During a power failure, you may have trouble learning how to use the system, finding suitable, reasonably priced equipment – or having it properly installed.

Keep your house warm and prevent the pipes from freezing by ensuring your house has proper insulation and air sealing.

Change to energy-efficient appliances to ensure your backup system can manage the critical electrical load, and save money on your electrical bill all year round.

If your house is electrically heated, consider installing an alternate source of heat such as wood, oil, natural gas or propane stove that vents the combustion gases outside.

Decide what you really need to keep running in the event of a power outage for your comfort, safety and security. If you only need to power your sump pump, for example, a small gasoline-powered pump could be a simple and inexpensive option to prevent basement flooding.

Choose a backup system that suits the size of your home, your energy needs and whether you have alternative sources of heating, such as a properly vented wood, oil or gas stove.

Hire a qualified electrician or electrical-contractor to install and prepare your backup system to make sure it's safe for your family and your home.

Never use unvented combustion appliances such as barbecues, cook stoves, fondues, propane or kerosene heaters and lamps indoors. These deplete the available oxygen, produce carbon dioxide and deadly carbon monoxide, and pose a risk of asphyxiation and fire.

Install battery-powered smoke and carbon monoxide alarms, and make sure to keep spare batteries on hand. Test your backup system regularly to make sure it can start all your critical electrical loads, and keep them running.

"The more you can dream the more you can do" - Michael Korda"