Market Watch

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132. “As I begin my term as TREB President, I think it is important …

Last week, I sat down with Don Campbel, Founder and Senior Analyst at the Real Estate Investment Network, to ask him some pressing questions relating to real estate projections in Ontario with relation to Alberta and the US. Don provided very interesting insights — you can read the exchange below. Addy: What do you project for Toronto in terms of …

Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions. “Even …

VIDEO COMING SOON Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in …

Canada’s luxury home market on a clear, upward trajectory, marked by record sales in most major centres in 2013, says RE/MAX Accelerated demand pushing five-year growth rates into double and triple-digit territory Mississauga, ON (January 28, 2014) — Significant gains at the top end of the country’s housing market continued to demonstrate the overall strength of Canadian real estate in …

November 6, 2013 — Greater Toronto Area REALTORS® reported 8,000 home sales through the TorontoMLS system in October 2013 – up from 6,713 transactions reported in October 2012. Over the same period, new listings on the TorontoMLS system were down. “The GTA home ownership market has been broadly characterized by a rebound in sales since the summer. Market conditions have …

Investment in New Housing Breaking an upward trend, investments made in new housing developments fell short $90,300 in May, as opposed to the preceding 4-months on the rise. Dwellings considered in this report include: singles, doubles, rows, and apartments. Investments in single units suffered the largest loss in May, down $76,268. Luckily, a substantial jump was seen in rowhouse (+$15,479) …

One day before the anniversary of Jim Flaherty’s government-insured mortgage rule adjustment, the Bank of Montreal issued a report that illustrates the impact these changes have had on first-time home buyers in Canada over the past year. The new rules — first introduced July 9th, 2012 — reduced the maximum amortization period to 25 years and lowered how much Canadians …

Since 1948, Honest Ed’s has been one of the city’s most cherished discount-retailers, selling an eclectic mix of goods at a fair price. It is a famous landmark for the Annex that attracts thousands of  people daily, making it a strong contributor to Bloor and Bathurst’s thriving commercial district. For this reason, Torontonians are distraught to hear that the retail …

The International Monetary Fund has revised their projections from earlier this year, stating now that the Canadian economy may grow 1.7% by year’s end; an increase of two-tenths in light of a strong first quarter at 2.5%. Looking further ahead, the IMF also predicts that the economy will expand 2.2% in 2014, which is two-tenths below their initial forecast in …