DOWN! DOWN! DOWN! & UP! UP! UP!

CANADIAN REAL ESTATE ASSOCIATION REPORTS for CANADIAN REAL ESTATE:

• Home Sales down 17.4% in December 2012 compared to previous month
• Prices up 1.6 % 

GREATER TORONTO AREA MLS REPORTS:

• 3,690 MLS Sales in December 2012
• 4,585 MLS Sales in December 2011

• TORONTO AVERAGE SELLING PRICE  2012 - $478,739
• TORONTO AVERAGE SELLING PRICE  2O11 - $449,566

AVERAGE CONDO SELLING PRICE in DECEMBER 2012

• 416 - $342,847
• 905 - $281,458

COMMENTS:

• Price growth was strongest for low-rise homes;detached, semis and townhouses
• In spite of dip in "sales", market conditions remained tight for these kinds of homes with substantial competition between buyers

MORTGAGE RATES as of DECEMBER 2012

1 year    3.00% (fixed)

3 year    3.70% (fixed)

5 year    5.24% (fixed)

"when you call me, you speak to me - not an assistant" 

Patricia Katz, Broker*

416-966-0300

pkatz@trebnet.com

patriciakatzrealestate@gmail.com

Sutton Group-Associates Realty Inc., Brokerage