The Brazeau Team » Milton Ontario Real Estate – Royal LePage Meadowtowne Realty - buying

By: The Brazeau Team  09-12-2011
Keywords: Real Estate, Resale Homes

May 26th, 2011

The spring real estate market in urban Milton has been interesting to say the least.

Here are some statistics for you.

2010 – 60 day period (April and May)

  • Resale Homes Sold = 420
  • Average Sale Price = $391,082.00
  • Average Days On Market (includes conditional period) = 16

2011 – 60 day period (April and May)

  • Resale Homes Sold = 387(Down 8% over same period in 2010)
  • Average Sale Price = $410,307.00(Up 5% over same period in 2010)
  • Average Days On Market (includes conditional period) = 18

Stats were compiled from the Oakville, Milton and District Real Estate Board.

December 14th, 2009

The 2009 Ontario Budget proposed a single, value-added sales tax, which is intended to come into effect on July 1, 2010. One industry that will be significantly impacted by this new measure is the housing industry. This release discusses additional details provided in the information notice published by the Ontario government on November 19, 2009 (“Bulletin”).

The information in this article was current at 06 Dec 2011

Keywords: Real Estate, Resale Homes

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09-12-2011

The Brazeau Team » Milton Ontario Real Estate – Royal LePage Meadowtowne Realty - uncategorized

Where you will experience HST in a residential real estate transaction is on the services associated with it: legal fees, appraisal fees, home inspection fees, moving costs, high ratio mortgage insurance premiums and real estate commissions. In Ontario, as of July 1st, 2010, this “harmonized sales tax” will be a combination of the 8% provincial sales tax and the 5% GST, resulting in a 13% tax.