Brampton Real Estate, 1% Commission, Brampton Real Estate Agent, Discount Agent » Brampton real estate statistics

March stats for Brampton

Vic — Wed, 01 Apr 2009 23:07:10 +0000

Number of houses sold in March 2009 = 509
Number of houses sold in March 2008 = 627

Breakdown:
Detacheds = 280
Semi-detacheds = 106
Freehold townhouses = 45
Condo townhouses = 41
Condo apartments = 35

In December and January the Brampton real estate market was down about 52% but in March things seem to have picked a little bit. By no means should this be considered a full recovery but it is a sign of hope.

Consider hiring one of the hardest working Brampton realtors or view the unique process I use to sell Brampton Homes.

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Real estate statistics – February 2009

Vic — Sun, 08 Mar 2009 00:23:04 +0000

Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year. “A considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers, who were aware that market conditions changed over the past few months, were able to negotiate transactions acceptable to both parties,” said Toronto Real Estate Board President Maureen O’Neill.

On a month-over-month basis, sales and average price were above January levels of 2,670 and $343,632 respectively. The housing market is seasonal. Traditionally, in the first half of every year, sales and average price climb to their highest levels in late spring before trending lower from July onward. “While the economic downturn has had an impact, the GTA housing market is resting on a solid foundation.

Current home prices and mortgage rates suggest that GTA homes have become more affordable on average,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “A greater number of home buyers could take advantage of this affordability once their positioning in the economy becomes more certain.”

Typically the spring real estate market tends to experience more activity and with the Canadian economy experiencing a period of low mortgage rates and strong immigration, this trend could continue. According to Statistics Canada, Canada welcomed 247,202 permanent residents in 2008, 70,000 more than in 1998,and well within the government’s planned range of 240,000 to 265,000 new permanent residents for 2009.

The TREB President pointed out that Greater Toronto REALTORS® are an integral part of the real estate transaction process. “TREB Members are uniquely positioned to help home buyers and sellers adapt to changing market conditions,” added Ms. O’Neill. “In addition, TREB continues to advocate public policies that do not threaten affordability but support home ownership in the GTA such as lower taxation and less regulation.”

If you have Brampton real estate to sell consider using the services of Vic Singh.

Brampton real estate stats – February 2009

Vic — Sun, 01 Mar 2009 14:37:58 +0000

Here are the statistics for the Brampton real estate market for February 2009 and how they compared to February 2008.

Total number of houses sold = 350
Total number of houses sold in February 2008 = 555

Breakdown:
Detacheds sold = 206
Semi-detacheds sold = 77
Freehold townhouses = 29
Condo townhouses = 21
Condo apartments =16

Active listings:
Currently there are 1908 houses for sale in Brampton.
Detacheds = 1184
Semi-detacheds = 321
Freehold townhouses = 141
Condo townhouses = 150
Condo apartments = 121

For questions on the Brampton real estate market drop me an email.

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Brampton real estate stats – January 2009

Vic — Tue, 03 Feb 2009 17:16:22 +0000

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.

Brampton real estate update – Mid January

Vic — Wed, 21 Jan 2009 15:08:01 +0000

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