REAL ESTATE UPDATE

Second Best Year on Record for Sales

January 5, 2012 -- Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010. [Link]

HOMEBUYERS STILL BEING TARGETED!

Your help is needed NOW to help ensure that Toronto City Council keeps election promises to repeal the Toronto Land Transfer Tax. Some councillors are getting cold feet. Instead of ending waste, they would rather target homebuyers. [Link]

FEATURED HOMES AND CONDOS

GOVERNMENT PROGRAMS FOR BUYERS:

• First Time Home Buyers Credit (HBTC)
• CMHC Plus Improvements Program
• RRSP Home Buyers Plan
• 5 Per Cent Down Payment Program
• HST New Housing Rebate
• Land Transfer Tax Rebates (Province and Ontario)

GOVERNMENT PROGRAMS FOR SELLERS

• Residential Rehabilitation Assistance Program
• Government of Ontario - Air Conditioner Rebate Program
• City of Toronto - Residential Washer Program
• City of Toronto, Region of Peel: Residential Toilet Replacement Programs
• City of Toronto - Water Saver Programs for Commercial, Industrial and Multi-Unit Properties
• Drinking water testing Certificate of Potability for Mortgage Purposes
• New Smoke Alarm Requirements