Milton Ontario Real Estate, Opinion, & News

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Toronto Real Estate Soars to New Monthly Record!

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Yes, things are humming along just fine in the Toronto real estate market. As the article below reveals, this was the best June on record!

Here are a few highlights – for area-specific details, look through the report below:

In June 2009, Greater Toronto REALTORS® reported a record 10,955sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700. ”The record result in June is testament to the fundamentally sound housing market in the GTA,” said TREB President Tom Lebour. “An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market.”

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Milton Real Estate Market Overview July 10th 2009

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Into the depths of Summer we head, and the real estate market is doing just fine. I’ve written recently about the record sales reported in Hamilton, Burlington, Toronto and other areas, and Milton is certainly chugging along with those areas.

The average days to sell this past week sits at 48 days, however, removing the 3 anomalies that took between 141 & 375 days to sell, the adjusted average days to sell sits at a very healthy 31 days. This is a pretty good number, for both Buyers and Sellers; it means that Buyers have the opportunity to see the homes that become available and Sellers can be fairly certain that their home has been exposed to the market long enough for interested buyers to look, think, and take action.

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Sales Records In Hamilton-Burlington Real Estate Market

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Further proof that things are rebounding rapidly in the GTA Housing Markets . . . (more reports from other communities to follow)

MEDIA RELEASE

June marks highest sales on record

(July 6, 2009 – Hamilton, Ontario) The Hamilton-Burlington area resale market reported a total of 1,604 units sold in June, indicating an increase of 18.6 per cent over the same month last year, and an increase of 18.5 per cent over May. The total unit sales for the first six months of 2009 are being reported at 10 per cent lower for the same period last year, while new units listed are 7.8 per cent lower for the year-to-date, according to Multiple Listing Service® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB).

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Milton Resident Takes On Councillor’s Pay Increases

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This is a snippet of a post over at Mike Cluett’s blog

I find myself fascintated with the whole issue, and am writing my own ‘letter to the editor’ to voice my support for what Mike has written

DEAR EDITOR:

I thought I was reading one of the Champion’s Time Capsule articles about a pay increase, but alas it was real and recent.

Milton councillors have now received three pay increases since taking office in 2006.

I understand completely that Town staff need to have salaries reviewed on a regular basis in order for them to be paid fairly for the work they do.

My only question is why does it have to include our town councillors?

When this council was elected in 2006, the base salary, not including the regional councillors’ portion, was roughly $21,000. From my calculations, they’re now being paid more than $26,000 — and that doesn’t include the council perk of having one-third of that salary tax free.

That’s a substantial increase in pay for a part-time position. Politics is perception, and I don’t think this will sit well with Milton taxpayers.

In the last three years, we have had three higher-than-normal increases in our mill rate — with what to show for it? We now have more Milton Transit buses that run empty throughout town, and for that they have spent more than $3 million in the last three years.

Milton taxpayers are now the proud owners of a Town Hall glass wall, albeit beautiful and majestic, that cost more than $1 million. They couldn’t have found something just as beautiful and majestic locally for much less?

And that’s just the tip of the iceberg, as there are many more examples of Milton council spending beyond its means.

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Pics of Things Around Milton Ontario By Chris Newell

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