New Listing! 1+1 Bedroom, sun-filled suite with a clear view, approximately 862s sqft at 'The Dakota' Avenue Rd & Davenport, just steps to Yorkville! http://bit.ly/OCR1MN

GTA Housing Market in June

by: Elli Davis

The first half of 2012 is over already. Housing-wise, this year seems to have been greatly successful for the Greater Toronto Area. It truly was all about increases — until June, that is. As the new housing report shows, for the first time in 2012 home sales in the GTA have recorded a year-to-year decline.
As Greater Toronto REALTORS® reported, 9,422 homes were sold through the Toronto MLS system last month. Compared to June 2011 and its 9,959 transactions, it is a 5.4 per cent decline. As sad as it is, the City of Toronto was the main contributor to this fall, since it reported about a 13 per cent year-to-year drop. The Land Transfer Tax may well be the reason why homes in our city are not as desirable at the moment, according to said TREB President Ann Hannah. Many people want to avoid paying the tax and they therefore choose a home outside Toronto.
Prices last month were not exactly pleasant either. The average price for a transaction in June 2012 was $508,622 — up 7.3 per cent from $474,223 recorded a year ago. Listings, on the contrary, were not bad this past month. New listings went up from 14,755 to 16,679 over the year (a 13 percent rise) and active listings increased by 13.7 percent, from 18,102 to 20,583. This is not bad. Nonetheless, let us hope the first report from the second half of the year will be better in terms of sales.

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149 Cranbrooke Ave! Yng/Lwrnc. Offers Tmrw, Don't Miss Out! Det 2 Storey, 3 BR w/Fin Bsmt. Reno'd Kit & Other Upgrades. http://bit.ly/iyvNqo

Last One! Brand new 3 BR bungaloft at Kilgour Estates. Fin bsmt, B/I garage. Steps to Bayview Village, Sunnybrook Hosp. http://bit.ly/bU9MZU

It's Open House Season! 11 Burkebrook Place, 47 St. Clair Ave. West, 70 High Park Ave. More details on my website: www.ellidavis.com

New Listing! 63 St. Clair Ave W, 7th Floor. Mint cond'n 1+1 BR. Hdwd flrs, S/S appl. Balcony w/treed views, Pkg, lockr. http://bit.ly/g6AM9P

70 High Park Ave! 1 Bedroom Suite w/Large Balcony, N/W Views. Includes 1 Parking & Locker. Close to Subway. http://bit.ly/hzR0KW

350 Lonsdale Rd! 2 BR w/open balcony & direct access to quiet street in FH Village. Beautiful renos! Parking & locker. http://bit.ly/fwfbDd

New Listing! 234 Bedford Park Ave! 3 Bedroom semi in Yonge/Lawrence. High quality renos. Finished bsmt. 20' x 125' Lot. http://bit.ly/eB4NoV

1 Bdrm lease at 189 Queen St. W. Fully furnished, 2 storey suite in "Boiler Factory Lofts" w/roof deck. 1 Surface pkg. http://bit.ly/e0GSRv

Great New Price! 47 St. Clair Ave West! 2 Bdrm suite, 11th floor w/open balcony & unobstructed views. Parking & locker. http://bit.ly/eAzB8S

New Listing! Spacious corner lot w/inground pool. 4 BRs, finished bsmt. Priv drive. On Glengrove, near Lawrence/Avenue. http://bit.ly/fzbRIl

New Listing! 75 Maple Grove Ave, Richmond Hill. Open House this wknd! Sat/Sun 2-4pm. Ravine property, 75' x 201' lot. http://bit.ly/fIoMEB

A great new price! 801 King St. West. 1+1 Bdrm, S/E courtyard views. New bamboo floors, beautiful layout. 1 Pkg incl. http://bit.ly/gifb7V

New Listing! Granite Place! Spacious corner suite, 2 bdrm, 2 bath, ensuite laundry. Balcony, parking, locker. http://bit.ly/gtr2iE