Market Watch

First Quarter TorontoMLS Results (2013) As of March 2013, the TorontoMLS reported that there had been a total of 7,765  property transactions in the month of March, a figure 17% below March of 2012.  Taking a look back over the last few months, Toronto has seen a 14% decrease in transactions during the first quarter compared to last year.  What …

According to a recent report from the Bank of Montreal, the average age of a first-time home buyer in Canada is 29.  Of these young home buyers, the majority expect to make a down-payment of approximately $48,000 (roughly one-sixth of a $300,000 home).   These statistics vary by region, province, and city – these are only the national figures.  For provincial …

A Closer to Look into the Technology Coined “Google Earth on Steroids” Vancouver’s very own UrtheCast is about to change the way people see the world.  The company proudly announced the launch of the world’s first high-definition video platform of Earth later this year.  Inspired by the “Eagle Cam”, a program dedicated to capturing the life of an eagle’s nest, …

March 18, 2013 — Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year.  The number of new listings was up by less than two per cent. “With sales down and listings up slightly, the GTA market was better supplied in the first …

March 5, 2013 — Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 …

A surplus of real estate threatens a stalled economy and raises investment concern Bloomberg Markets magazine’s upcoming edition will express concern regarding Canada’s debt-fuelled expansion.  Toronto, like many major Canadian cities, is damaging the property market due to overwhelming amounts of real estate.  If cities continue to disregard their financial limitations and move forward with urban development, a stalled economy may …

February 5, 2013 — Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much …

The presentation is broken into three categories: Market Review 2012 The economy and interest rates 2013 Outlook Here are the highlights for your quick review: 2012 Market Review Sales over 2012 were 85,731 vs 89,096 in 2011 Sales were higher in 2012 till June from 2011 levels and dropped off in the last part of the year The new strict mortgage …

Here’s a cool info graphic to display our stats between 2011 and 2012.  I have couple more that I’m working on that I will post soon.

Having trouble watching video? Click here TORONTO, January 4, 2013 – Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011. “The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year …