Home Re-sale Market (GTA - TREB areas)

GTA Real Estate market has improved. Sales in March are up almost 50% from Feb. Call us to take advantage of the market.

Comparison of Homes Sold in 2008-2009

Comparison of Home Prices in 2007-2008

Market Facts
--Market is active with 6171 homes sold in March 2009. --
--Inventory has gone down from Feb 2009.--
--Average price has reduced from 2008--

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
<>A Real Estate Market With Plenty Of Reasons To Buy - National Post April 6, 2009
<>Harmonized tax is another burden for homeowners - Globe and Mail March 26, 2009
<>Greater Toronto's real-estate market may be stabilizing: - Globe and Mail March 20, 2009
<>Optimism returning to housing market, RBC survey finds - globeinvestor.com March 4, 2009
<>Green audits have critics seeing red - Toronto Star Feb. 25, 2009

HST-Harmonized Sales Tax: PST+GST=13%

HST - New Homes
• Newly constructed homes under $400,000 would not be subject to an additional tax burden.
• A proportional rebate will be available for buyers of new homes valued between $400,000 and
$500,000.
HST – Resale Homes
• HST would not be applied on the purchase price of resale homes
• However, this Budget makes no exemption for services associated with resale home transactions. Under the proposed sales tax harmonization, costs such as legal fees, real estate commissions and home inspection fees will be subject to the harmonized sales tax at a rate of 13 per cent.

$1350 - Home Renovation Tax Credit (HRTC)

You may be eligible to receive a tax credit of up to $1350 for certain home renovation projects done between January 27, 2009 and Feb. 1, 2010. The federal government is offering the tax credit to create economic activity and also to reduce long-term cost of owning a home. The credit will only be available for the 2009 tax year and applies to eligible expenditures of more than $1,000 and less than $10,000. To find out if your home renovation projects are eligible for the credit, speak to your tax professional or contact Canada Revenue Agency.

"Happy people plan action, they don't plan results" - Denis Waitley