...ThinkTorontoHomes.com

It looks like a miraculous resurrection.

In the midst of recession, the average national price of Canadian resale homes hit a record level in May, and sales activity increased for the fourth consecutive month. While U.S. residential real estate prices have been falling for almost three years, Canada seems to have stumbled and picked itself up again in a span of 12 months.

To some real estate agents, the market looks as good as it did before the global financial crisis began to bite last summer.

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...Is Like Chasing a Pot of Gold at the End of the Rainbow

By Andrew Zsolt, Broker of Record for Coldwell Banker Terrequity Realty

In May 2009, we saw a dramatic increase in the number of transactions in the GTA, with the Toronto Real Estate Board selling over 9,589 homes (versus 9,411 sales in May 2008). For the first time in over 16 months, we have had a month-over-month increase (i.e. May 2009 versus May 2008) in the number of properties sold in the GTA. For a comparison chart of May 2009 and May 2008, please click here. So, for those who are “looking for the bottom of the market” it looks like you have missed it.

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Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year.

"Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O’Neill. "Affordability, due in part to very low borrowing costs, has played a key role."

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In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,3001.

“The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.”

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From CityNews.ca Staff

A woman is accused of using her own children to help in her quest to steal items from people's homes. And she's alleged to have done it right out in the open. Peel Police say the woman would go to open houses while the owners were away and only the real estate agent was inside.

When the realtor was distracted and with her kids as cover, they allege she would rifle through the possessions of the people who lived there, taking anything of value that could be easily be secreted, before finishing her tour of the home and walking out undetected.

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