Archive for Market Update
Toronto Real Estate Sales Up In June
The Toronto Real Estate Board has released its June 2011 Market Report, reporting that 10,230 homes were sold in the Greater Toronto Area during the month, which is an increase of 21% over June 2010 – the third best June on record, after 2007 and 2009. “The strong June result capped off an interesting first [...]
April Toronto Real Estate Board Average Sale Price Hits A New High
Although it’s not my favourite thing to report, the average sale price in April for Toronto houses and condominiums hit a new high. In fact, we’re up over 9% from one year ago. I don’t like reporting things like this because they always leave us open to more ‘bubble talk’ – the world is ending, [...]
When Will The Bank Of Canada Raise Rates And By How Much?
At our annual RE/MAX Hallmark awards breakfast last Thursday, Sally and I had the pleasure of receiving awards for our sales efforts in 2010. We thank all of our loyal clients for their continuing support and for their referrals every year. We also had a special treat. RE/MAX Hallmark arranged to have Craig Alexander, Chief [...]
Will The Spring Real Estate Market In Toronto Peak In April Or May?
The Toronto real estate house and condominium market this spring is looking a lot like last year with near record sales, low house and condo inventories and imminent interest rate increases predicted for this summer and beyond. Last year, sellers finally realized by early May that they could get a good price for their homes [...]
Toronto Real Estate Board Report For March
Toronto Real Estate Board releases March numbers The Toronto Real Estate Board has released its report for Greater Toronto Area resale homes using the Toronto MLS Listings for the first two weeks of March, reporting a five per cent decrease. “A positive economic outlook for the Greater Toronto Area, including steady growth in jobs and [...]
Toronto’s Real Estate Market Firms Up In November
Despite what you might hear from Tony Wong at the Toronto Star and Garth Turner in his blog, Toronto’s real estate market is doing well! The average YTD sale price is up by 10.5% !!
What Dream Factory Does The Toronto Star Get Its Negative Real Estate Headlines From?
I’ve always believed that you can interpret Toronto real estate statistics more than one way but I’ve typically erred to the “glass is half full” side instead of the “glass is half empty” option. I do realize that the Toronto Star and other media outlets have to sell papers with their scary headlines but do they [...]
There’s Now Proof That A Toronto Real Estate Bubble Doesn’t Exist
Highlights From The Canadian Mortgage Market Primer From TD Canada Trust For the doomsdayer’s out there, I think we’ve amased enough proof to show that the downside risks of a significant fall in Toronto’s home prices are remote if even possible at all. We’re not going to be overwhelmed by power of sale homes (the [...]
July Toronto Real Estate Board Sales Lowest Since 2002
So is it just a traditional summer market slowdown or is it the harbinger of a long-term decline in Toronto real estate sales? Only time will tell (hindsight is always 100%). Although the average Toronto house and condo sale price at $420,482 was up 6.3% over 12 months ago, it was down 3.5% from June [...]
July Toronto Real Estate Market Showing Signs Of A Traditional Summer (For A Change)
A combination of affordable mortgage rates and a plentiful real estate listing inventory make buying a Toronto house or condo now the best opportunity since March 2009.
