TREB Members reported 2,670 sales in January from the 5,075 sales reported in the first month of 2008. Of these, 1,106 transactions took place in the City of Toronto compared to 2,128 in January 2008. In the surrounding “905” area, 1,564 sales were recorded, from 2,947 last year. The GTA housing market has not been immune to the economic slowdown …
Read More »Mid-Month January GTA Housing Resales at 888
TORONTO, January 19, 2009 – Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing …
Read More »A new year, a new YOU!
Dear Blog Reader, Welcome to 2009! A new year brings with it a great holiday season, family, friends, treats, turkey and a new year’s resolution. Keeping resolutions is something that the best of us struggle with so we’ve dedicated our Monthly Item of Value (IOV) for January to keeping on track with your resolution. We’ve also included a worksheet for …
Read More »Greater Toronto Home Resales at 1,500 in Mid December
TORONTO, December 17, 2008 — Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. The average price of a home in the Greater Toronto Area is currently $360,652. This compares to an average of $404,707 recorded …
Read More »Market Watch – November 2008
Commentary regarding November 2008 Quick Stats: 2008 2007 % Change Number of Active Listings 27,037 18,309 + 48% New Listings this month 9,925 10,692 – 7% Sales this month 3,640 7,313 – 50% Average Days on Market 41 32 + 28 Average Price $368,582 $393,747 – 6.4% List Price vs. Sales Ratio 96% 98% – 2% Months of Inventory 7.43 …
Read More »Threat of global recession hinders home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX
Mississauga, ON (December 3, 2008) ?? Global economic uncertainty weighed heavily on residential real estate activity in most major Canadian centres during the latter half of 2008. Although the forecast for 2009 promises more of the same, most markets are expected toweather the storm, says RE/MAX.The RE/MAX Housing Market Outlook for 2009 examined residential real estate trends in 22markets across …
Read More »Greater Toronto Resale Housing at 2,000 Sales in Mid-November
November 19, 2008 — Greater Toronto REALTORS® recorded 1,991 resale transactions during the first half of November 2008 from 3,544 sales recorded during the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today. The Greater Toronto Area year-to-date figures show 70,474 sales in 2008 from 84,994 recorded during the same period in 2007. The year-to-date …
Read More »Housing market in the Greater Toronto Area
RE/MAX Ontario Atlantic Canada Inc. Toronto Real Estate Board stats for October created some heated dialogue in the industry in recent weeks. While many believe that the dismal statistics reflect the recent volatility in financial markets, some are now asking if they also identify an emerging trend in the Greater Toronto Area. The simple answer is no. Although there are …
Read More »More Than 5,000 Sales In October
November 5, 2008 — TREB Members reported 5,155 sales in October, down 35 per cent from the 7,915 sales reported in October of 2007, and also down 25 per cent from the 6,876 sales reported during October 2006. Within the City of Toronto, 2,136 sales were recorded. This was down 38 per cent from the 3,455 sales recorded in October …
Read More »Resale Housing Market Still Healthy, Experts Say at Toronto Real Estate Board Meeting
October 28, 2008 — More than 1,100 Greater Toronto REALTORS® gathered to hear Canada’s top experts talk about the future of the housing market at the Toronto Real Estate Board’s 88th Annual General Meeting October 27th. The following panelists covered a range of topics on the future of real estate: Don Lawby, President and Chief Operating OfficerCentury 21 Canada Limited …
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