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Why Do You need Mortgage Pre-Approval ?
(A) To know the maximum price I can pay for a house
(B) To avoid the increase in rates for the next 120 days
(C) To get the financial condition in the offer approved quicker
(D) All of the above
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WELCOME to The Real Estate Office of The Future
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GTA May Resale Housing Sales Higher than Last Year
June 2, 2009 -- In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,3001.
“The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.”
The average price for May transactions was $395,609 – down less than one per cent compared to the same month last year.
“The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.”
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. For complete report see MarketWatch |
Mortgage PRE-APPROVAL is the first step when looking to buy a home Click here for Application 
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Collingwood Waterfront
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Watch the Video Tour for Paradise living!
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If you are looking for the latest information on how to go about buying and selling your home, then this site has all the tools you need to get you on your way ... However, If you're a qualified buyer and are ready to purchase your next home, or are a determined seller give us a call at (416) 760-9090, or e-mail at chrislepsa@trebnet.com
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