Number of new listings on TREB flattening

TREB statistics show a definite flattening of the number of new MLS listings over the last number of quarters at just under 14,000 listings. This shows the current lowering of  of volume is a natural result of this  flattening of the new listings. Overall this has left. Decrease in effective homes for sale while the number of actual sales has stayed strong.  Pair the above observation with the continuing higher average sales price and you can see demand is strong. There is a very simple correlation between supply and demand. When supply goes down and price goes up, simple economics supply and demand theory states we have a strong market.  So do not expect a large drop in prices due to the pent up demand that is still evident in our Toronto and Area market.

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Find a Home the Legacy Way

Finding a home could never be easier when you visit the web portal of RE/MAX Legacy Realty Inc. Find a home, Find a RE/MAX Realtor, find out how to buy and sell real estate the RE/MAX Legacy way. Check out some of great listings at this site which includes over 70% of all of the MLS listings available in the Greater Toronto Area. You may even find many international properties of interest from our International Real Estate Specialists IRES. So come visit the online home of Mississauga's fastest growing Real estate brokerage, RE/MAX Legacy Realty Inc.

Terranet National Bank Home Index

 The mission of the Teranet – National Bank House Price Index™ is an independent representation of the rate of change of Canadian single-family home prices. The measurements are based on the property records of public land registries, where sale price is available. The monthly indices cover eleven Canadian metropolitan areas: Victoria, Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa, Montréal, Québec and Halifax. The metropolitan areas are combined to form a national composite index. 

In addition to their informational role, the Teranet – National Bank House Price Index™ was developed to be a trustworthy benchmark for financial professionals. Teranet and National Bank of Canada offer licenses covering all index-linked products.

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Teranet Home Price Index shows momentum shift downwards for December 2011

Teranet Home Price Index shows momentum shift downwards for December 2011

Canadian home prices in November were down 0.2% from the previous month, according to the Teranet-National Bank National Composite House Price Index™. The retreat came after two months in which prices had been flat from the month before, and is the first in the index since a brief correction during the three months ending November 2010. Prices were down in eight of the 11 metropolitan markets surveyed, one more than in October. Calgary and Victoria stood out with declines of 1.6% and 0.9% respectively. The deflation was much smaller in the other six markets: 0.3% in Hamilton, 0.2% in Vancouver, Toronto, Ottawa and Quebec City, 0.1% in Winnipeg. Prices were up from the previous month in Edmonton (0.1%), Montreal (0.4%) and Halifax (0.5%). The simultaneous monthly declines in Toronto, Hamilton and Winnipeg are noteworthy in that these three markets are considered tight.

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RE/MAX Professionals Welcomes Frank Fallico to the Kingsway Branch

 RE/MAX Professionals Welcomes Frank Fallico to the Kingsway Branch

Franks first business experience came when Home Depot first came to Canada. He was part of the team that put the first store up in the country. Home Depot on their launch into Canada was really something historic at that time. Here he learned the power of organization, sales training, supplier relationships, inventory management, and merchandising along with customer service.

Entrepreneurial in spirit Frank’s first career choice was based in the music industry.

In 1995 a childhood friend and him partnered up and created a music label. They enjoyed success; In 1999 he was nominated for a Juno, and shortly later produced on a Gold Selling Record in Canada. The first of its kind in our genre of music.

In 2001 Frank moved into the fitness industry and used the resources he had acquired to become an owner and partner in a chain of retail stores called the Fitness Source. He grew the business from 2 stores to 10. He also developed an online and commercial business.

As owners in a small company they were responsible for all of the operations and they wore many hats. Franks duties were namely, sales training, recruiting of staff, development of managers, supplier relationships, product selection along with product training. Later he was part of the marketing and development team of the brand.

In 2008 his retail business was purchased by the Forzani Group (Sport Chek, Sport Mart, National Sports,etc) and he stayed on as Regional manager for the transition.

Over the last 10 years he has been involved in various levels of real estate both personally and from investment purposes and felt drawn to the industry.

His good friend who started the music label with Frank was named David Oey. David moved on into real estate at the same time he moved into the fitness industry. They remained good friends all along, he helped mentor and encouraged Frank to pursue a more active role in real estate.

David always spoke very highly of the people he was working with, The Pettigrew and Estlick Team from Re/max Professionals. Frank owes many thanks to David Oey and more recently Darryl Mitchell for making an easy decision to chart his future with Re/max Professionals. Please welcome Frank at fallicofrank@gmai.com

RE/MAX Professionals Welcomes Jody Thompson to the Kingsway Branch

RE/MAX Professionals Welcomes Jody Thompson to the Kingsway Branch 

Jody is a top producing professional sales representative with over 25 years of experience in the technology and home building industry. His reputation has been built on consistently delivering a differentiated service level for his clients. His passion for people and expertise in internet marketing lead him to a new career in real estate. Jody grew up in Port Credit and currently resides with his wife and family in South Etobicoke. He looks forward to working with you to make buying or selling your home a success.

Cell Phone Numbers Go Public This Month

REMEMBER: Cell Phone Numbers Go Public this month.
REMINDER..... all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.
.... YOU WILL BE CHARGED FOR THESE CALLS!!
To prevent this, go to the following web-site for Canadian Telephone Numbers:
www.lnnte-dncl.gc.ca <http://www.lnnte-dncl.gc.ca/>
It is the National DO NOT CALL list It will only take a minute of your time. It blocks your number for five (5) years.
HELP OTHERS BY PASSING THIS ON. It takes about 20 seconds.
If you do not have a cell phone, send this email to your friends and family who have a cell and may not know about this recent event.