gta: Toronto and GTA Mid-Month Results - January 2015
- 01/19/15 11:55 PM
TREB Mid-Month Report JANUARY 2015
You are probably interested in how the market is doing this year. The first statistics are out and they represent the deals done in the first two weeks. Something that you should remember is that the first two weeks of the year are traditionally slow, due to the weather and the holiday period. Many real estate agents favour these two weeks for their winter vacations.
So, here’s the report:
“GREATER TORONTO REALTORS® REPORT MID MONTH RESALE MARKET FIGURES
TORONTO, January 16, 2015 – Toronto Real Estate Board President Paul Etherington
announced … (0 comments)
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gta: Measuring the Extent of the Fall Recovery
- 11/11/12 10:11 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
Each year the market recovers from the Summer doldrums in the Fall, peaking once again in either October or November. On two occasions, the Fall peak was the height of the market for the entire year.
If we discount the Summer doldrums, what percentage was the recovery. What percentage is the Fall peak of the Spring peak?
Let’s look back over the last few years and measure the actual extent of the recovery. This is the percentage of the Fall peak of the Spring peak:
2004…..99.60%
2005…..98.84%
2006…..97.20%
2007…..101.77%
2008…..92.45%
… (2 comments)
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gta: Fall Recovery and Confirmation of Pricing
- 11/11/12 09:34 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
We can put together a real estate calendar and get a fairly good idea of what is going to happen in the Toronto real estate market, world economic crises aside.
Each year the market peaks in the Spring. That’s usually the high water mark for the year. It drops down in the Summer, where it bottoms out in August and commences a recovery in September, peaking for a second time in the year, then it settles down again.
Let’s look back over the last few years an see what happened. Here are … (0 comments)
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gta: Measuring the Depth of the Summer Trough
- 11/11/12 08:58 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
Each year the market slides into the Summer doldrums. That’s the low water mark for the year. It’s fairly predictable and takes place “just like clockwork”.
Let’s look back over the last few years and measure the actual extent of the decline. This is the percentage decline from the height of the market in the Spring to the bottom of the market in the Summer:
2004…..6.45%
2005…..6.70%
2006…..7.79%
2007…..6.68%
2008…..8.48%
2009…..3.97%
2010…..7.97%
2011…..6.97%
2012…..7.54%
Actually, the dip each year falls within a range 3.97% to 8.48%. It is interesting to … (0 comments)
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gta: Summer Doldrums Occur Every Year
- 11/11/12 07:49 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
We can put together a real estate calendar and get a fairly good idea of what is going to happen in the Toronto real estate market, world economic crises aside.
Each year the market slides into the Summer doldrums. That’s the low water mark for the year.
Let’s look back over the last few years and see what happened. We are looking for the low point in prices each year. Here are the years, the lowest average prices of single family homes in the GTA in that year, and the month in … (2 comments)
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gta: Toronto's October Market
- 11/10/12 03:36 AM
… (1 comments)
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gta: Mortgage Rates ~ 15 October 2012
- 10/14/12 11:59 PM
If you require a referral to a mortgage broker, then please contact me at 416-745-2300.
… (1 comments)
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gta: Brian Madigan's Real Estate Index for September 2012 (Toronto and GTA)
- 10/13/12 10:22 AM
ORES Real Estate Index for September 2012 Ontario Real Estate Source
By Brian Madigan LL.B.
Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as well as the Consumer Price Index
In addition, the stock market indices for Toronto, and the three largest US markets are also compared.
For ease of comparison, everything we look at is worth 100 points on the Index as of 1 January 2005. That time period compares favourably with the … (1 comments)
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gta: Opportunites out West?
- 08/17/12 01:58 AM
Is Saskatchewan the Place to be?
Ontario Real Estate Source
By Brian Madigan LL.B.
The home prices in some areas of Regina and Saskatoon have almost tripled since 2008. That’s a significant increase, and much higher than the increases in Toronto and Vancouver.
Many of the Saskatchewan ex-pats are returning. The Province’s economy is now booming due to potash and oil. It has the lowest unemployment rate in the country.
Right now, there’s a building boom. New subdivisions are sold out during the pre-construction stage. Since the existing supply is not sufficient to keep up with demand, the prices are … (2 comments)
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gta: Current Toronto Market (August 2012)
- 08/16/12 06:08 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
Summers are good times for the real estate market doomsayers. They have plenty of material to work with and they are often prolific in the messages of distress.
The trouble, of course, is trying to decipher when they are actually right and when they are just like “the boy crying wolf”.
Let me share with you some basic facts:
· The Toronto and GTA real estate markets are active each Spring
· The market peaks in either April or May
· The market then experiences a decline, usually until August
· The … (0 comments)
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gta: Some Home Inspectors become Rogues
- 08/14/12 12:15 AM
By Brian Madigan LL.B.Most Home Inspectors are quite legitimate. They are professionals who take their business seriously and conduct their business affairs in accordance with sound ethical practices.Then, there are the rogue inspectors! Who are they? These people are "hired guns", they are "rogues" in the sense that there reports are "for sale". They act for purchasers and it is their role to find something wrong with the property. Anything! It doesn't really matter all that much. But, they will total up the potential repair bills and provide ammunition to a purchaser.Let me first deal with the gold standard. Here … (3 comments)
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gta: Was the GTA Market Up or Down in July 2012?
- 08/03/12 01:42 AM
Ontario Real Estate Source
By Brian Madigan LL.B.
Actually, that’s an interesting question. Let’s first have a look at the report just published by the Toronto Real Estate Board (TREB):
GTA Home Prices Up in July
TORONTO, August 3, 2012 – Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period … (1 comments)
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gta: Mortgage Rates ~ 25 July 2012 in Toronto and GTA
- 07/26/12 03:38 AM
Mortgage Rates ~ 25 July 2012
Ontario Real Estate Source
By Brian Madigan LL.B.
Consumers are always concerned about the mortgage rates. Here are the recently published rates. While they may not apply in each and every case, they certainly provide a framework for discussion and negotiation.
Call me at 416-745-2300 if you require a referral to a mortgage broker.
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through RE/MAX West Realty Inc., Brokerage 416-745-2300.www.OntarioRealEstateSource.com
… (0 comments)
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gta: Brian Madigan's Real Estate Index for June 2012 (Toronto and GTA)
- 07/17/12 05:47 AM
ORES Real Estate Index for June 2012 Ontario Real Estate Source
By Brian Madigan LL.B.
Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as well as the Consumer Price Index
In addition, the stock market indices for Toronto, and the three largest US markets are also compared.
For ease of comparison, everything we look at is worth 100 points on the Index as of 1 January 2005. That time period compares favourably with the … (4 comments)
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gta: Brian Madigan's Real Estate Index for May 2012 (Toronto and GTA)
- 06/17/12 11:09 AM
ORES Real Estate Index for May 2012 Ontario Real Estate Source
By Brian Madigan LL.B.
Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as well as the Consumer Price Index
In addition, the stock market indices for Toronto, and the three largest US markets are also compared.
For ease of comparison, everything we look at is worth 100 points on the Index as of 1 January 2005. That time period compares favourably with the five … (1 comments)
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gta: 11 Peel Avenue, Brampton, Ontario
- 08/15/11 10:24 AM
Exceptional Value: Reduced Price!
11 Peel Avenue has now been reduced to $549,999.00
This makes the property an exceptional value for prospective purchasers.
Want to know if you can afford it?
http://11peelavenuebrampton.wordpress.com/2011/08/15/now-reduced-549999-00/
Contact me at 905-796-8888 and request a Financing Statement
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888www.OntarioRealEstateSource.com
Ontario Real Estate Source
… (4 comments)
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gta: GTA April 2011 Sales Steady (Toronto)
- 05/05/11 12:46 AM
GTA April 2011 Sales Steady (Toronto)
Ontario Real Estate Source
Brian Madigan LL.B.
The sales in the GTA for single family homes in the month of April have just been reported by the Toronto Real Estate Board
April 2011 was a good month, but how good?
Let's see how many homes have sold in the month of April since 2004:
2004..........9,168
2005..........8,834
2006..........8,361
2007..........9,452
2008..........8,762
2009..........8,107
2010..........10,898
2011..........9,041
The average number of monthly sales in April was 9,078. So, this April, we are about 37 transactions short of the average. That's not statistically significant in this context. However, if you … (5 comments)
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gta: Is it too Late for the Spring Market?
- 04/18/11 12:04 PM
Maybe this is the "RIght" Time
Ontario Real Estate Source
Brian Madigan LL.B.
Frequently, real estate buyers and sellers wonder whether they have missed the market. Sometimes, they have.
So, what would you say about mid April 2011?
The market has shown steady growth and sales. The first quarter numbers show that the pace is steady and the more recent March numbers have been the second best on record. And, something which is particularly important for sellers, the sale prices have never, ever been higher.
Let's see what percentage of homes have sold in the first quarter of each … (0 comments)
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gta: Housing Affordability in Toronto and the GTA
- 04/07/11 03:05 PM
The ability to afford a house by a family has really never been better,
Have a look at this chart from the Toronto Real Estate Board
Please note, the chart does not appear as I had intended, I will check with the "techie" people at TREB and replace it as soon as I can.
Sorry for the inconvenience
… (6 comments)
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gta: Basket Bakery, Brampton, Ontario
- 07/19/09 09:26 AM
Basket Bakery, Brampton
By Brian Madigan LL.B.I want to congratulate the new owner of the Basket Bakery in Brampton, Ontario, Frank McDonald.Frank was previously the owner of Manning's Biscuits, Baker's House and Commercial Bakeries in Toronto.The Basket Bakery has been operated in Brampton by Paul Grima for the last 25 years. It's unlikely that he will retire any time soon. He's still the master baker on the premises and supervises the operation and production of every item that goes out the door.Paul's dedication to quality and excellence made this bakery an ideal choice for Frank's re-entry into the GTA bakery … (0 comments)
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