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James Metcalfe’s May Real Estate Update

May 28, 2013 by James Metcalfe Leave a Comment

May has been a busy month with some crazy weather. The housing market saw a slight decline in April and a slight rise in the average cost of housing. April saw a slight 2% decline in sales which may be a result of stricter mortgage lending guidelines. The average price of a resale home in the GTA in April was $526,335 which represented a 2% increase versus April 2012. This could mean that price growth in the back half of 2013 may be stronger than originally thought.

This month’s newsletter also features a brand new research tool that is now available to hone buyers. Available to every municipality in Canada, these new home history reports include information on local school rankings, local demographics and insurance claim records for the neighbourhood, among other things. They are published and sold by Teranet which covers land registration and title search services for the province of Ontario.

In this month’s Trendy Corner find out how to design a kitchen. Some of the major questions that you should be asking include: What are your general preferences? Do you need more than one sink? Do you prefer gas, electric or a combination? Do you need a pantry for extra storage? A kitchen can be an expensive and time consuming design process. This month’s kitchen checklist will help make those decisions a little bit easier.

As always our ever popular “Pearls of Wisdom” returns. Here is a preview: “If love is the answer, could you please rephrase the question.”- Lily Tomlin

 

James Metcalfe’s May Real Estate Update from James Metcalfe

Filed Under: Consumer Best Interests, F.A.Q., Fabulous Homes, Maintenance & Security, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Toronto Condos, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: design, downtown Toronto, James Metclafe Real Estate, kitchens, Market Trends, reports and tools

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