Merry Christmas!

Hope everyone is having a wonderful Christmas and is enjoying time with family and loved ones.  Wishing you all the best over the holiday season and in the new year!


And what's Christmas without a little Bing?


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Average Toronto home price hits $450,000

The average price of a home in the city of Toronto hit $450,000 last month, up about 20% over last November.

In its just-released monthly report, the Toronto Real Estate Board said the number of sales across the GTA doubled to 7,446, compared to last November. The average price of a home across the entire greater Toronto area was up 14% year-over-year, to $418,460.

In a release, Jason Mercer, TREB's senior manager of market analysis, said: "Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter. As we move into the spring, growth rates will move to more sustainable levels."

TREB released the following chart on December 3rd: 

Click here for the complete TREB Market Watch Report

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Stonebrook Estate in Luxury Real Estate Magazine

Check out our lovely Stouffville listing (currently suspended for the winter) advertised in the current issue of Luxury Real Estate Magazine:

Luxury Real Estate Magazine Cover         Page 52


Stonebrook Estate Ad

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