Louis Gotzamanis, B.A.

Direct: (416) 936-9009

Toronto: (416) 213-5736

York:  (905) 889-9330

         EMAIL

 FindHomesToronto@sympatico.ca

Fax: (905) 889-5822

Welcome to Royal LePage Your Community Realty, Brokerage, your source for Greater Toronto Area (GTA) real estate.

If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

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Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

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Please browse my website for listings, reports and important local real estate information.

 http://www.yourcommunityrealty.com/index.php?io_contact=1105

 Sincerely,
 
Louis Gotzamanis, B.A.

Royal LePage Your Community Realty, Brokerage

8000 Yonge Street, Thornhill, On., L4J 1W3

March Resale Housing Results Bring Positive News
 

TORONTO - April 6, 2009 -- In March 2009, Greater Toronto REALTORS® reported 6,171 sales – down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than five per cent from the same month last year.

“The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months,” commented TREB President Maureen O’Neill.

“In fact, over the past two months, the situation in the housing market has improved.”

The seasonally-adjusted annual rate of sales increased to 65,600 in March – up 36 per cent from the ten-year low reached in January.¹

“Sales in March increased at a rate over and above what would be expected from the normal spring-time bump,” said Jason Mercer TREB’s Senior Manager of Market Analysis. “A greater number of households have taken advantage of increased affordability in the housing marketplace.”

¹Seasonally adjusting TREB MLS® data removes recurring seasonal trends observed each year. For example, MLS® sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures.

Median Price

The median price in March was $317,500 from the $326,000 recorded in March of 2008.

 ***SOURCE: Toronto Real Estate Board***