Here are the Brampton real estate stats for January 2009 and how they compared to 2008.
Total number of homes sold in Brampton (Jan 2009) = 244
Breakdown:
Detacheds: 150
Semi-detached: 52
Condo townhouse: 11
Condo apartment: 8
Freehold townhouse: 20
Other: 3
Number of homes sold in January 2008 = 516
To see monthly Brampton real estate statistics from 2008 or the yearly breakdown click here.
If you have Brampton real estate to sell consider using the services of Vic Singh.
Very Unique Home With An Amazing Layout! Open Concept Kitchen Combined With Family Room – Great For Entertaining. Kitchen With Island, Under Counter Lighting,Ceramic Backsplash.Walk Out From Family Room To Large Deck Overlooking The Fenced Backyard. Formal Living & Dining Room Combo.Mstr Bdrm Offers A Personal Sanctuary. Professionally Finished Basement With Above Grade Windows,Rec. Room,2 Bedrooms & 4 Piece Bath.Premium Pie Shaped Lot. A Must See!!
Mid-Month January GTA Housing Resales at 888
TORONTO, January 19, 2009
Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,” according to TREB President Maureen O’Neill.
The average GTA price mid-way through January is $332,495 from $367,574 during the same period in 2008. The median GTA price was $301,000 compared to 316,000 last year. “While sales have declined, listings have remained high. GTA home buyers have benefitted from more choice,” explained Ms. O’Neill. “Historically, increased choice in the marketplace has equated to a moderation in price growth.”
In January 2009, stronger declines in sales and prices were experienced in the City of Toronto. “Sales for January a year ago may have been elevated by the flurry of transactions completed before the city’s land transfer tax went into effect,” added Ms. O’Neill. “The costs of home ownership in the 416 has increased due to the added land transfer tax many home buyers now face in the City of Toronto. Some households considering the purchase of a home in the City have either put their decision on hold or looked elsewhere in the GTA.”
Source: Toronto Real Estate Board
This house is located in Brampton by Edenbrook / Sandalwood. 3 bedrooms with 3 washrooms. The house is vacant and ready for immediate possession. Asking only $305,000 (negotiable), similar houses few months ago were selling for $10,000 to $15,000 more! Located right in front of the park, very family friendly neighbourhood. To view this great property give me a call.
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| Do you like being close to downtown, or would you prefer living outside the city? Do you like or dislike the prospect of maintaining a lawn and garden? Where would you like your children to attend school? These are lifestyle decisions that play a large role in the new home buying process.
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| Once you’ve chosen the location and the type of new home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This will ensure that you spend your time wisely on homes within your price range. You should also consider getting a pre-approved mortgage, which will allow you to shop with added confidence.
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| Talk to homeowners in the neighbourhood(s) you’re interested in. Find out if they were satisfied with the level of after-sales service that they received from their builder.
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| Before you sign your Agreement of Purchase and Sale (APS), which is the contract for the construction of your home or condominium, there are a number of steps to take. One of the most important is to have your APS reviewed by a qualified real estate lawyer. There are additional steps and issues for you to consider, and we have created a list of them for you to review when you’re making the deal.
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If you are in the rental market chances are you will be flipping through the Brampton Guardian or checking on Craigslist. Another option is to check the MLS. While agents focus most of their energy on selling houses there are still quite a few rentals available at anytime in Brampton.
Last year, there were over 500 houses / condos rented out just in Brampton through the MLS. Rental prices for basements started around $600 and went up all the way up to $4,000 for full detached houses. It doesn’t cost you anything to use the services of an agent for this purpose. Might want to consider keeping this option open. All the best in your search.
For general questions on the Brampton real estate or Georgetown real estate market drop me an email.
Title insurance is supposed to provide comprehensive insurance coverage for the certain of the title-related risks associated with home buying. Risks such as zoning issues, claims of mental incapacity, lack of an up-to-date survey and the legal services provided by your lawyer (i.e. title certification). It insures against such defects in title, which may occur from conflicting ownership claims, liens, undischarged mortgages, consents and the like. It will cover compliance and access issues i.e. work orders, permit violations, fences, boundaries, tenancies, rights of way, certain easements etc. It is supposed to be in force for as long as the purchaser or his/her heirs own the property. Title insurance will, purportedly, outlive the certification of your lawyer, whose insurance stops if he or she dies or stops practice.
OK, first of all title insurance provides an insurable title not necessarily a marketable one. What does this mean? It means that if something is wrong and a prospective purchaser will not accept a new title insurance policy at no cost, and provided the insurer does not go broke (this has happened in recent memory), the insurer will pay out in accordance with the policy or will, if possible, repair the defect. In the great scope of life I guess eventually it won’t matter what the title says if people are content to rely on insurance coverage. I sure wouldn’t be happy, but then again most people are very cost conscious and why pay for all the expensive parts of a full search if you can just buy a policy. Most, if not all, of the title insurance companies currently operating in the GTA are the same U.S. title insurers that dominate the market south of the border and have seen the possibilities and moved to Canada.
One of the big advantages to title insurance relates to older homes registered under the registry system, where a 40-year search to a good root of title and adjoining property search is still required (certain searches such as corporate status, escheat and in some instances zoning and executions can be eliminated with title insurance) and for certain new-home deals. In addition TitlePlus has made arrangements with certain builders to insure whole subdivisions. TitlePlus then took on as many of the certified user lawyers as wished to participate and set a low priced, title insurance deal with an all-in disbursement figure. All of the lawyers had to take a bunch of courses and go through a long, long, long seminar before we were able to get the software to be part of this.
Title insurance has its place, but I personally would only take the TitlePlus insurance offered through the Law Society of Upper Canada. Their loyalty and mandate is to protect the public and to govern lawyers. As a consumer, these two facts would certainly make me feel better.
In conclusion every lawyer has an obligation to make you aware of your title insurance options so you can choose which way you want to go. Think through your options carefully and choose wisely.
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