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 |  | Market Update November 2009 |  |  |  |  |  |  |  | Stop the HST Tax Grab |  |  |  |  |  |  |  | RBC Report on Housing Affordability |  |  |  |  |  |  |  | 2009 Upper-End Market Trend Report |  |
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Market Update November 2009 |
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Market Update November 2009 |
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| Toronto Real Estate Board reports:GTA Realtors November Resale Housing Market FiguresGreater Toronto Realtors reported 7,446 sales in November - slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008."This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006," said Toronto Real Estate Board President Tom Lebour. |
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Stop the HST Tax Grab |
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Stop the HST Tax Grab |
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| Subject: Stop the HST - Cost of buying, owning and selling a home to go up by 8%Earlier this week, the Government of Ontario formally launched its latest assault on homeowners, purchasers and sellers with the introduction of legislation to harmonize the provincial sales tax and goods and services tax.Homebuyers and sellers will pay 8 per cent more on legal fees, appraisals, real estate commissions, home inspection fees, and moving costs, adding about $1,500 in new taxes to the average residential real estate transaction in Ontario. For homeowners the HST will also add hundreds of dollars in additional tax on utility bills (gas, electricity and home heating fuel), on home renovation labour, the cost of lawn upkeep or landscaping and the cost of snow removal. |
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RBC Report on Housing Affordability |
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RBC Report on Housing Affordability |
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| Housing affordability breaks improving trendIn a report published November 25, 2009 RBC Economics Research revealed that the 18 month long improvement in Canadian housing affordability came to an end in the third quarter of 2009. Despite this reversal, homes are still much more affordable than they were a year ago and, nationally, affordability is in line with levels seen in 2006 when the housing market was shifting into high gear.The deterioration in housing affordability was largely due to slight increases in key mortgage rates as well as gains in property values. |
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2009 Upper-End Market Trend Report |
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2009 Upper-End Market Trend Report |
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| Luxury housing sales edge higher as purchasers take advantage of buying opportunities in Ontario-Atlantic Canada, says RE/MAX Mississauga, ON (November 3, 2009) -- Luxury homes sales continue to accelerate as economic recovery takes hold in major markets in Ontario and Atlantic Canada, according to a report released today by RE/MAX. The RE/MAX Upper End Report found that momentum is building in St. John's, Saint John, Halifax-Dartmouth, Ottawa, Kingston, Greater Toronto, Hamilton-Burlington, and London as purchasers realize that the best buying period in recent history is about to come to a close. |
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Zee Zdravko Dimov 416-569-5396 cell |  | | Sales Representative |  | | RE/MAX Ultimate Realty Inc., Brokerage |  |
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| 269 Berkeley St, Toronto |
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| 48 Country Club Cres, Uxbridge |
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| 2181 Yonge St, Unit 3009, Toronto |
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