Home Re-sale Market (GTA - TREB areas)

Average Price History

2008	2007	1998	1988	1978
$379,347	$376,236	$216,815	$229,63	$67,333

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

Real Estate News Headlines
<>Ontario To Give Homebuyers A Tax Break- Toronto Star June 25, 2009
<>Housing Sales Soar in Ontario’s Biggest Cities - Financial Post July 7, 2009
<>‘Irresistible' Rates Drive Canada's Recovery - Globe and Mail June 25, 2009
<>Real estate bidding wars make a comeback - YourHome.ca, May 31, 2009
<>GTA Resale Housing Market Posts Best June on Record- TREB July 6, 2009

Changes Proposed for Tax-HST on New Housing
The 2009 Ontario Budget proposed 13 percent Harmonized Sales Tax (HST = 5%GST +
8%PST) starting July 1, 2010 on newly constructed homes and services such as moving
cost, legal fees, home inspection fees and REALTOR® commissions.

The provincial government has further proposed changes to HST on June 18, 2009 as follows:
• Enhanced new housing rebate -For new homes under $400,000, on average, no additional tax amount compared to the current system.
• Homes priced between $400,000 and $500,000 would be eligible for a portion of the rebate, and homes priced above $500,000 would be subject to the full HST.
• Sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to PST portion, even if both ownership and possession are transferred on or after July 1, 2010. The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010.

For further details, contact Ministry of Revenue

Cool Savings Rebate -Air Conditioner Rebate Program

* $25 rebate when you switch to programmable thermostat and have it purchased and installed by a participating contractor.
* $250 rebate when you have an existing central air conditioner (CAC) replaced with the purchase and installation of an ENERGY STAR qualified CAC system
* $400 rebate when you have an existing CAC replaced with the purchase and installation of a stand-alone CEE "Tier 2" level central air conditioning system or ground source heat pump.
* Call 1-877-797-9473 for detailed information

"Let us become the change we seek in this world" - M. K. Gandhi