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The Zammit Market Watch!
We Watch The Real Estate Market like a Stockbroker!
Check back March 8th for the February 2010 Results


Click Here for the Printable & Easy to Read PDF Version!



 
Toronto Real Estate Board
Average Price vs. Mortgage Rates 1999
to Date
Toronto Real Estate Board 
Average Price vs. Mortgage Rates 1999 to Date
Paul’s Short Term and Long Term Predictions:
 
Toronto Real Estate Board
Residential Average Price 1995
to Date
Toronto Real Estate Board
Residential Average Price 1995 to Date
 
Paul’s Short Term and Long Term Predictions:
 
  • Toronto property prices have been ascending consistently since 1997. There is supposed to be a recession every decade. Was the 2008-2009 recession the recession of the decade or is there more to come in 2010? Stay tuned!!!!

    FREE HOME EVALUATION - CLICK HERE
 

Toronto Real Estate Board
Average Price vs. Interest Rate Comparison - 72 to Date

Toronto Real Estate Board
Average Price vs. Interest Rate Comparison - 72 to Date
Paul’s Short Term and Long Term Predictions:
 
  • Rates are still low. Toronto mortgage rates are very attractive !
  • The 40 year view of rates as you can see are on the low side comparably speaking over the last 36 years – we now have the lowest rates in a very long time !!
  • The October average price of 2008 was starting to look like the demise of the 1989 market.
  • The recovery of the highest point of the average price since 1989 took 12 yrs for Toronto pricing to catch up to that level again (2001).
  • The largest volume of sales in the 80s was in 1987.
  • The recovery to achieve the same similar volume of sales in 1987 took 11 years to rebound (1997).

 
Toronto Real Estate Board
New vs. Active Listings - January 1990 to Date
Toronto Real Estate Board 
New vs. Active Listings - January 1990 to Date
Paul’s Short Term and Long Term Predictions:
 
  • Inventory levels were recently at 14,771 in October vs. the average of the the last 3 October levels of about 24,000 homes - Inventory is way down!
  • Toronto and surrounding area real estate buyers are struggling to find product to buy.
  • Immigration is still very high in the Toronto Area. There are approx. 150,000 new people moving into the GTA every year.

 
Toronto Real Estate Board
Listing vs. Sales Ratio 1990
to Date
Toronto Real Estate Board
Listing vs. Sales Ratio 1990 to Date
Paul’s Short Term and Long Term Predictions:
 
  • 1 in 2 houses are now selling every 30 days - we are back to a STRONG sellers market.
  • The red line shows the direction the market is headed – back into a buyers market !
  • Historically we have been in a seller’s market consistently for the last 6 yrs.
  • Looking back to 1990 when the market was at its worst, there were levels of an average of a 1 year supply of homes for a 2 year period. (We are in a different market now - rates are way lower currently than they were back in those days).

 
Toronto Real Estate Board
# Units Sold vs. Average Price 2000 to Date
Toronto Real Estate Market
Paul’s Short Term and Long Term Predictions:
 
  • Currently we have a heightened amount of sales due to high demand and low inventory.
  • At a highly regarded economy seminar that I attended in January 09, one of the major banks made the following predictions as to what may happen to the real estate market in the next two years.

    "There are 3 phases to the cycle:


  • 1. They predicted great weakness through the first half of 2009 across all major economies.
    2. By the second half of 2009, a shallow economic recovery would get underway as fiscal and
    monetary stimulus would take hold.
    3. Longer term, economic imbalances would still need to unwind. The situation may become worse due to recapitalization, deleveraging among businesses and households and huge public sector dissaving."

    Their prediction was that the market would bottom out in the last 1/4 of 2010.

Buying and Selling at the right time is tough in any market.
Get my 25 years experience on your side. Our help is a phonecall away.
Call me directly at 416-399-9096.

Paul Zammit*
Broker of Record

Paul Zammit Real Estate Ltd., Brokerage
# 1 Realtor in Thornhill since 1996 out of Approx. 28,500 Agents*

Office 905-881-2181 Ext 23
Cell: 416-399-9096
Appt Desk: 416-698-2900
Toll Free: 800-443-9636
Fax: 416-946-1307
Email: paul@zammit.com
Web: www.zammit.com

* in the Toronto Real Estate Board for TREB District N01 for the years 1996, 1998, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008.

Licensed with RE/MAX Hallmark from 1999 – 2009 - Top 100 in Canada for REMAX 1999-2007 - Top 50 in Canada For RE/MAX 2004, 2005, 2006, 2007 - RE/MAX Hall of Fame Award – RE/MAX Lifetime Achievement Award - ABR Designation via the National Association of Realtors.


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60 Green Lane #1, Thornhill Ontario L3T 7P5
Phone: (905) 881-2181 Fax: (416) 946-1307 Toll Free:1-800-443-9636 Email: team@zammit.com

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