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James Metcalfe’s November Real Estate Update in Our Home Toronto

November 18, 2012 by James Metcalfe Leave a Comment

It is hard to believe that we are already halfway through November. This month in our Real Estate Update in Our Home Toronto we find that the average price of a resale home in October in the GTA was $503,479, a +6% increase from October 2011. Townhomes saw an increase of +3% and condos remained flat at +/- 0%. The average price remains well above the rate of inflation but volume of homes sold is decreasing. This month we also discuss an important court decision regarding the question of whether or not condo corporations need to inspect the unit before issuing a status certificate (for the unit)? In this month’s look at “Personal Finance” we look at three important tips to take into consideration when evaluating adjustable rate mortgages. And as always, we have our ever popular “Pearls of Wisdom- here is a quick preview “The difference between stupidity and genius is that genius has its limits”-Albert Einstein .

James Metcalfe’s November Real Estate Update from James Metcalfe

Filed Under: Consumer Best Interests, F.A.Q., Legal, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: adjustable rate mortgage, downtown Toronto, James Metcalfe Real Estate, November, Pearls of Wisdom, Real Estate Update, status certificates, toronto

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Our Home Toronto

James Metcalfe & Robin Tully
REALTORĀ® BROKERS
JOHNSTON & DANIEL Division
Royal LePage R.E.S. Ltd.,Brokerage
477 Mount Pleasant Road
Toronto, ON, M4S 2L9

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