Market Watch

SOURCE TORONTO (AP) — Canada’s central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks …

October 17, 2008 — Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. Sales volumes in the GTA decreased 18 per cent compared to the first half of October 2007, when 3,297 transactions were recorded and are down …

TREB Members reported 6,424 sales of single family dwellings in September, down about six per cent from the 6,866 sales recorded during September of last year, Toronto Real EstateBoard President Maureen O’Neill announced today. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, …

TREB Members reported 6,318 in sales in August, President Maureen O’Neill announced today. “The 2008 Toronto summer market is ending on a solid pace,” noted the President. Sales were down 22 per cent from the record-breaking August 2007 of 8,059 single family dwellings, but were only off nine per cent from the more typical figure of 6,976 sales recorded in …

TREB Members reported 7,806 sales of single-family dwellings in July, continuing a healthy but not record setting pace into the summer. “Even though GTA sales were down 12 per cent from the best-ever July 2007 figure of 8,912, sales were up 10 per cent from July 2006 (7,082),” said TREB President Maureen O’Neill. July 2007 saw a 26 per cent …

September 17, 2008 — The Greater Toronto Area’s autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O’Neill announced today. With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago. Compared to the 2,913 transactions recorded during the …

Well, another month has come and gone (hard to imagine it’s already May with cold weather) and I’ve just posted the detailed report issued by Toronto Real Estate Board on my website. This month I wanted to take a moment and dissect the report with my online subscribers. The report, as predicted, shows the real estate market slowing down and …

The market watch for March was recently posted on my website and you can’t help but notice the low number of transactions and it’s very easy for anyone to become worried if the market is going to crash. I wanted to take a moment and point out a couple of things: We’ve had one of the worst winter in recent …