Market Watch

June 5, 2012 — Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto. “Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all …

Apartment valuations set to keep climbing in Ontario: report By Garry Marr, Vancouver Sun – May 23, 2012 Valuations for apartment buildings reached record levels last year and the forecast for 2012 is for the trend to continue, according to a new report on the sector which focuses on Ontario. The Rock Apartment Report Ontario notes the capitalization rate — …

Following are a few thoughts that I had shared on an online forum and thought I share it with you too. Recent stats I saw regarding condos show that there is a vacancy rate of less than 1% for downtown condos. I’ve personally listed new condos in downtown and been bombarded by Renters who want to rent the condo instead …

February 3, 2012 — Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto. “A favourable affordability picture bolstered by very low posted fixed mortgage rates …

TORONTO, February 6, 2012 – The Toronto Real Estate Board (TREB), Canadian Real Estate Association (CREA) and four other major real estate boards across Canada have developed a new system to measure and provide clarity on home prices and home price growth: the MLS® Home Price Index (MLS® HPI). The MLS® HPI is calculated using a sophisticated statistical model that …

January 5, 2012 — Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010. “Low borrowing costs kept Buyers confident in their …

TORONTO, December 16, 2011 — Greater Toronto REALTORS® reported 2,699 transactions through the TorontoMLS® system during the first 14 days of December. This result was 11 per cent above the number of transactions recorded during the same period in 2010. On a year-to-date basis, sales amounted to 87,407 – up 4.3 per cent compared to 2010. “We have had the …

Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year. “We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has …

Buy? Sell? Should Canadians buy into real estate or not? It’s either the best of times to buy a house, or the worst of times. A conflicting sea of economic factors doesn’t help matters as on-the-fence Canadians try to decide whether to take the plunge into home ownership. With prices rising, it may seem like an easy choice to lock …

Following is a synopsis of what’s happening in Canadian Real Estate Sales activity, new listings, sales to new listing ratio and months of inventory remain stable Average price increased over the past 11 months More details are included in the video.  What do you think about the information provided?  Leave your comments below…