Posts Tagged ‘resale value’
New home sales up 113 per cent in September
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on October 23rd, 2009
New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today.
There were 3,883 new homes and condos sold in the GTA in September, according to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence.
AFFORDABILITY AND JOB SECURITY MOST IMPORTANT FACTORS FOR FIRST-TIME HOMEBUYERS
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates, Resale homes on October 5th, 2009
Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market, according to a report released by Royal LePage Real Estate Services.
Eighty-six per cent of potential first-time buyers say low interest rates make them more likely to purchase a home; 81 per cent cite lower housing prices as a motivating factor; while 76 per cent cite job security and 64 per cent say a stable economy is an important factor in their decision to buy.
GTA Resale Housing Sales Up 19 Per Cent in the First Half of June
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates, Resale homes, Selling your home on June 19th, 2009
Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year.
“Households in the GTA have become more confident in purchasing a home over the past three months,” said TREB President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role.”
The average price for MLS® sales was $407,716, up by two per cent compared to last year.
Two Thirds (65%) of Ontario Homeowners Oppose McGuinty Government Proposed Mandatory Home Energy Audit Program
Posted by: editors note in First time home buyers, Real estate industry news, Resale homes, Tips for Green Living on May 28th, 2009
A poll released today by the Ontario Real Estate Association (OREA) indicates that two-thirds (65%) of Ontario’s principal residence homeowners oppose the recently proposed McGuinty government mandatory home energy audit program and instead overwhelmingly favor voluntary audits (92%).
Moreover, the poll found that 70 per cent of Ontario homeowner’s think
that mandatory home energy audits will deter homeowners from selling their home, having a detrimental effect on the real estate sector and the Ontario economy.
Selling your home begins in the kitchen
Posted by: editors note in Bathroom decor, Home decor, Home improvement tips, Kitchen decor, Selling your home on March 17th, 2009
(NC)-The home seller understands the way to any potential homebuyer’s heart is through the kitchen.
Over the years, the kitchen has shed its once humble beginnings as a place to simply prepare and serve meals, to more of a place where friends can socialize over a glass of wine or where children can do their homework.
With the kitchen becoming one of the most multi-dimensional and functional rooms in the house, kitchen renovations have attracted the attention of many who are looking to increase their home’s resale value or would simply just like to enjoy the improvements to their home.
Royal LePage identifies top renovations with best ROI
Posted by: editors note in Bathroom decor, First time home buyers, Home appliances, Home decor, Home improvement tips, Kitchen decor, New Homes and Condos, Real estate industry news, Selling your home on March 17th, 2009
If you’ve spent years waking up to wood-panelled walls and soft shag rugs, some home renovations, especially if you’re thinking of selling your home, may be in order. Before picking up a sledgehammer, however, it’s worthwhile to know the cost of updating your decades-old décor, and the degree to which those costs will be recouped when it comes time to sell.
While some renovations such as updating a kitchen or bathroom may require a trained professional, there are a number of do-it-yourself projects that are sure to increase a home’s resale value, according to the Royal LePage Renovations and Returns Survey.
With April just around the corner – the busiest month of the year for home sales – homeowners may want to consider tackling some simple home improvements that will ensure their properties sell for top dollar. The Royal LePage Renovations and Returns Survey examines some top renovations that bring the best return on investment, as compiled by the Royal LePage network. Read the rest of this entry »
