In typical modern journalism fashion the Toronto Star picked the most negative forecast in their story headline lead on Saturday, July 16th.
They cited that some analysts predicted a 25% drop. Hidden in the story was the fact that the major financial institutions predicted a flatlining but qualifying with “everything depends on the economy”.
I think the most accurate and honest forecast and therefore not headline material was from Scotia’s deputy chief economist Aron Gambel – the market may surprise analysts if the economy remains strong. He said: “I feel the market will certainly moderate, but prices could also go up. It depends on a lot of factors.”
New Listing
Spacious 2 bedroom 2 bath condo
This Prestigious Beach address is steps from the Lake, a short stroll to Queen Street and 10 minutes by cab to downtown. The building has a very stately exterior with many amenities including 24/7 Concierge service.
Unit 307 has an open concept Living/Dining space, Hardwood floors throughout, Marble ensuite, marble window sills, granite counter tops and stainless steel appliances.
Spacious Balcony with Lake views.
OFFERED AT: $599,000
Price reduced to $1,629,000
To April 30, 2011
| UNDER $650,000 | 2010 | 2011 | % CHG |
| HOMES SOLD* | 19 | 16 | -15.0% |
| SOLD PRICE* | $565,000 | $579,000 | + 2.5% |
| % OF ASKING* | 101 | 98.5 | - 2.5% |
| DAYS ON THE MARKET** | 14 | 12 | -14.3% |
| $650,000 – $900,000 | 2010 | 2011 | % CHG |
| HOMES SOLD* | 42 | 26 | -38.1% |
| SOLD PRICE* | $788,900 | $798,000 | +1.2% |
| % OF ASKING* | 100 | 100 | 0% |
| DAYS ON THE MARKET** | 10 | 17 | +70% |
| OVER $900,000 | 2010 | 2011 | % CHG |
| HOMES SOLD* | 39 | 26 | -33.3% |
| SOLD PRICE* | $1,135,000 | $1,222,500 | +7.7% |
| % OF ASKING* | 100 | 99.5 | -.5% |
| DAYS ON THE MARKET** | 16 | 15 | .6% |
| CONDOS | 2010 | 2011 | % CHG |
| HOMES SOLD* | 10 | 4 | -60% |
| SOLD PRICE* | $574,000 | $622,500 | +8.4% |
| % OF ASKING* | 101 | 100 | -1% |
| DAYS ON THE MARKET** | 13 | 18 | +38% |
FIGURES BASED ON MLS SOLD DATA IN E02 + E06 (WOODBINE PARK TO HUNTCLUB) MAPART PG 121 ROW S
*MEDIAN **AVERAGE
Beautiful Custom Home on Private 50′ Lot; Contemporary Design; Spectacular Kitchen/Family Room area; High End Appliances; Huge Deck c/w Hot Tub; Exquisite Master with Cathedral Ceilings; Granite counters; 3/4″ Maple Flooring; Upgraded Carpeting; Heated Bathroom Floors(2nd Floor); Custom multi-zone Sound System; 36″ Wolf Dual Stove c/w “Commercial” Hood fan; Custom Sinks; Oversize Walk-in Rain Shower.
=885609925&http://imaginahome.com/view_house.aspx?houseview=virtualtour
OFFERED AT: “NEW PRICE!!!!!!!!” $1,629,000
A Modern Georgian Bay Year-Round 4 B/R Getaway; Fully Furnished; Overlooking Sturgeon Bay; Minutes by boat to the Severn; close to skiing; Open Concept Living/Dining Area with W/O to huge deck overlooking waterfront; Georgeous wood burning fireplace; Separate Laundry on main floor.
Updated Semi or Detached “Old Beach” Home – South of Kingston Road – up to $800,000.
2 bedroom Beach condo rental - up to $2,000 per month. AAA tenant.
A spacious 2 bedroom, 2 bath oceanfront condo in beautiful, quiet Vero Beach. Breathtaking ocean views from living room, dining room and kitchen; end unit with wrap around balconies with east, south and west facing views; low-rise building; tens of miles of undisturbed shoreline with a pristine, uncrowded beach.
Offered at $449,000…Cdn. or USD
To see if you’ve won click www.heartandstroke.ca/calendars
GOOD LUCK!!!!!!!!
Spacious Open Concept Bungalow with basement apartment in Quiet East York neighbourhood.
Mortimer and Greenwood area.
Main floor completely renovated in 2009 including new high efficiency water furnace.
