Archive for October, 2009
The Toronto Real Estate Board releases Economic Commentaries for September 2009.
October 21st, 2009 categories: Around TORONTO, Buying in Toronto, Real Estate, Toronto
The Toronto Real Estate Board has released Economic Commentaries dealing with Canadian Composite Index of Leading Indicators for September, 2009.
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Toronto Real Estate Board Releases Affordability Charts
October 16th, 2009 categories: Business, Buying in Toronto, Economy, Real Estate, Selling in Toronto, Toronto
Prices have risen in the Greater Toronto Area, however the cost of home ownership has dropped. This recent chart from the Toronto Real Estate Board shows how increased incomes and historically low interest rates have made home ownership more affordable. I think this bodes well for the Canadian economy: Renters who become Owners renovate, buy new furniture and appliances, adding related spending and stimulating the economy.
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Canadian Real Estate: Lack of Inventory Puts Upward Pressure on Pricing.
Canadian Real Estate Association Releases New Update
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Canadian Real Estate: Lack of Inventory Puts Upward Pressure on Pricing.
October 16th, 2009 categories: Business, Buying in Toronto, Downtown Toronto, Real Estate, Selling in Toronto, Toronto
Here are some important statistics that were made available by the Canadian Real Estate Association that highlight housing inventory for sale in Canada, Ontario and within the Toronto Real Estate Board. These figures point to a distinct lack of inventory at present in all areas but especially in the Greater Toronto Area. It makes it a great time for Sellers to sell but conversely difficult for Buyers to find property. Hopefully this will loosen up over the next few months but in the meantime there will probably be upward pressure on pricing. I would suggest opening the slideshow to FULL for proper viewing.
Related Posts:
Canadian Real Estate Association Releases New Update
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Canadian Real Estate Association Releases New Update
October 16th, 2009 categories: Business, Downtown Toronto, Economy, Listings, Toronto
Here is the latest market report from the Canadian Real Estate Association. Take a look at the highlighted portion below as it points to a striking lack of inventory for Purchasers…but means it is a great time for Sellers to put their homes on the market. From my understanding, in a “Normal” market the inventory is about six months.
OTTAWA – October 15th, 2009 – National resale housing activity climbed to the highest level of any third quarter on record. Actual (not seasonally adjusted) home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards totalled 135,182 units in the third quarter of 2009, according to statistics released by The Canadian Real Estate Association (CREA). This is the highest level of activity on record for the period from July to September. The number of transactions was up 18 per cent from the third quarter of last year, representing the biggest year-over-year increase since early 2002. Read the rest of this entry »
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Toronto Real Estate Board: Upcoming Social Media Primer November 19th, 2009
October 16th, 2009 categories: Business, Email, Technology
Date: Thursday, November 19, 2009
Time: 9:30 am – 12:30 pm
Location: Toronto Real Estate Board’s Auditorium
# of CE credits: 3
Cost: $42.00 (GST included)
As Social Media and Networking become more popular, many REALTORS® are jumping on the bandwagon, writing Blogs, Twittering, and appearing on LinkedIn, and Facebook. This class will ask some basic questions that need to be addressed before heading down this road on the Information Highway; then the class will move down the road and discuss the most popular options. Read the rest of this entry »
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Toronto Real Estate Board Housing Market Charts for September 2009
October 6th, 2009 categories: Buying in Toronto, Downtown Toronto, Economy, Real Estate, Selling in Toronto
Here is lots of good information to help put the Toronto Real Estate Market in context: Sales are up and listings are down which makes it a good time to list properties for sale.
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TORONTO REALTORS® REPORTING SEPTEMBER RESALE MARKET FIGURES
October 5th, 2009 categories: Business, Buying in Toronto, Downtown Toronto, Economy, Real Estate, Toronto
TORONTO, October 5, 2009 – In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for Septembertransactions was $406,877 – up by 10 per cent compared to the same month last year.
“We have experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results,” said TREB President Tom Lebour. “Consumers have remained confident in ownership housing as a long-term investment.”
Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008.Average price, at $388,417 was up by almost 1.5 per cent.
“Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.
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Toronto: Cabbagetown’s Nuit Blanche, Saturday October 3rd, 2009
October 1st, 2009 categories: Around TORONTO, Cabbagetown, Downtown Toronto, Lifestyle, Toronto
Click on Full to view and press “Esc” to minimize.
Here is your map for Cabbagetown Nuit Blanche!
This Saturday Oct. 3 from dusk (8:00) till dawn
For one sleepless night, experience Cabbagetown transformed by 14 artists.
Discover art in parks, alleyways, on streets, in parking lots and unexpected
places. One night only. All night long.
* Ride the “Paint Bike” down a 40’ canvas
* Kissing robots
* Dance
* Watch Magic Lantern shows
* Experience your human energy field
* Interactive video art
* Climb into a giant nest
Experience it!
http://www.cabbagetownnuitblanche.ca/
Related Posts:
Call for Entries Cabbagetown Nuit Blanche Proposals: February 18th, 2009
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