Toronto Real Estate Board: February Housing Market Charts
March 4th, 2010 categories: Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Here are the latest Housing Market Charts from the Toronto Real Estate Board. Seems that the lack of product has been forcing the prices to rise…
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GREATER TORONTO REALTORS® REPORT FEBRUARY RESALES
March 3rd, 2010 categories: Downtown Toronto, Economy, Real Estate, Toronto
Here is the most recent update from the Toronto Real Estate Board. We are still having an active market due to the excellent mortgage rates available to the consumer. I’m always interested in your thoughts so feel free to comment below.
TORONTO, March 3, 2010 – Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.
“Increases in existing home sales and average price were noted across the GTA in low-rise and high-rise home types. Similar rates of growth were experienced in the City of Toronto and surrounding 905 regions,” said TREB President Tom Lebour. “This suggests that first time, move-up and down sizing buyers are all active in the existing home marketplace.”
New listings also increased in February, climbing 24 per cent compared to the same month last year.
“Annual growth in new listings is expected to continue. New listings growth will start to outstrip sales growth as we move through 2010,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As the market becomes better supplied, we will see more sustainable single-digit rates of price growth.”
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Cabbagetown Real Estate: 153 Winchester Street, Open This Weekend 2-4 PM
February 19th, 2010 categories: Around TORONTO, Cabbagetown, Real Estate
Open Houses this weekend from 2-4 PM. Hope to see you there but if not check out this Real Estate Show:
We will be having a big weekend of Open Houses in Cabbagetown this weekend. Toronto’s Village within a the City!
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GREATER TORONTO REALTORS® REPORT JANUARY RESALE HOUSING MARKET FIGURES
February 3rd, 2010 categories: Real Estate, Toronto
TORONTO, February 3, 2010 — Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour. Read the rest of this entry »
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Toronto Real Estate Board Launches IDX.
February 2nd, 2010 categories: Around TORONTO, Economy, Real Estate, Technology
IDX or Internet Data Exchange has been launched by the Toronto Real Estate Board this month. This platform allows the participating Brokers to share their listings with other participating Brokers on their web sites. For a consumer it means greater access to one-stop shopping on a Brokerage or Realtor site. Read the rest of this entry »
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The Canadian Real Estate Market: Consumer confidence in Canada ends on a stronger footing in 2009
January 24th, 2010 categories: Business, Buying in Toronto, Economy, Real Estate
Below is a great article from the Canadian Real Estate Association about the levels in Consumer Confidence as one moves across Canada:
National consumer confidence ended the year 2009 on a stronger footing compared to pre-recession levels, despite having edged down slightly the fourth quarter compared to the third quarter. According to the Conference Board of Canada’s index of consumer confidence, confidence eased slightly in the fourth quarter for the first time in three quarterly periods. The decrease in confidence reflects weakening sentiment about making major purchases. Read the rest of this entry »
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Impressions of REBarCampNYC and Inman Connect NYC 2010!
January 22nd, 2010 categories: Business, Economy, Real Estate, Technology, Travel
So I have been home a week and trying to make sense of all the information that I gleaned in the four hectic days of meetings in New York City. Instead of the usual “Blow by Blow” and who said what, I will just give you some of my impressions:
First and foremost, the four days were all about Social Media . Like it or not, just the way we used to say that Realtors with Technology will replace Realtors without it, now, Realtors and Brokers who have a Social Media presence will replace those who do not. As one of the speakers said, being a “Geek” is the norm and fashionable. Grandma’s are on Facebook , tweeting and showing off their new IPhone ! Read the rest of this entry »
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Toronto Real Estate: Home Inspections Part 3
December 30th, 2009 categories: Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Issues that arise during the Home Inspection.
Over the years I have seen many issues that arise during a Home Inspection. They usually fall under three main categories;
Did the Seller know there was a problem but chose not to disclose it?
When there is no disclosure by the Seller of something that the Seller is aware of and the Buyer and their Realtor find out, there is an obvious lack of trust that occurs. The deal is tainted and even if both parties have the same goal, it is hard to come to a consensus. With as much due diligence is possible, I would counsel my Buyer clients to “make sure that at the end of the day, they are getting what they were expecting should they choose to move ahead”… Read the rest of this entry »
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Greater Toronto REALTORS® Report December Mid-Month Resale Housing Market Figures
December 17th, 2009 categories: Around TORONTO, Buying in Toronto, Downtown Toronto, Real Estate, Toronto
TORONTO, December 17, 2009 – Greater Toronto REALTORS reported 3,079 existing home transactions in the first two weeks of December compared to 1,487 in 2008. The strong growth represents both increased home ownership demand and the fact that we are comparing the recovery phase of the sales cycle this December with the contraction phase experienced last winter Year-to-date sales, at 84,888, were up 16 per cent compared to the same period last year and have moved in line with the healthy levels experienced in the 2004 through 2006 period. Read the rest of this entry »
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Toronto Real Estate Board Releases Housing Market Graphs for November
December 4th, 2009 categories: Around TORONTO, Business, Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Here are the latest charts from the Toronto Real Estate Board comparing the past three years of market activity. Feel free to post your thoughts and commments below.
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