logo
NEWS FEBRUARY 2013
Main Page
Buying Home
Selling Home
Invest
News
Listings
School
 
 
 
         
  Greater Toronto Area REALTORS reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.
The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012.

 
The average selling price for January 2013 sales was $482,648 – up by 4.3 per cent compared to $462,655 in January 2012.
“There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
 
 
       
  Bank of Canada signals rates likely on hold until 2014

The Bank of Canada announced on January 23rd, 2013 that it is keeping its key policy interest rate at 1 per cent, where it has been held for more than two years. In providing guidance on where interest rates are heading, the Bank said interest rate hikes are “less imminent than previously anticipated.”
 
   
         
  Gas Fireplace - will it save your money?
A survey of household found that 23 per cent of Canadian single- and semi-detached and row-housing reported having a gas fireplace and of those, 22 per cent reported using them every day once the temperatures dip. The recent study tested gas fireplace use and its impact on both furnace use and total gas energy consumption in the research house and the answer is NO. Use of fireplace will not save your "gas money".
   
However, Gas fireplace is a wonderful way to enhance the beauty of your home, providing a warm ambience during our cold winters and it will increase value if your home. (Adapted from CMHC).  
   
  I recommend...
This topic can be very beneficial: For years I've been collecting recommendations from my clients about service providers that they have used. Please feel free to email me your positive or negative experience, I'll be sure to share it with my clients.
   
Usually handyman services cover jobs that you could do yourself, but unless you have a lot of free time and interest in construction and home improvement, it is usually easier and faster just to hire someone to do the projects for you. As an added bonus, most handyman service providers have the tools needed to complete specialty jobs like plumbing or simple construction. So, you can actually save a lot of money by hiring a handyman since you won't have to purchase these tools for yourself. My client recommended Vladimir (416-523-5920) Remember, you are the boss, always ask about prices upfront and know exactly what has to be done.