First, let’s look to see what the Toronto Real Estate Board says in its Marketwatch:
Strong Average Price Growth in September
TORONTO, October 3, 2012 – Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the Toronto MLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.
The number of transactions was down by 21 per cent in comparison to September … (3 comments)
sales: Toronto Market Shows Steady and Consistent Growth
- 07/23/12 05:24 AM
How’s the Market in Toronto? (July 2012) Ontario Real Estate Source By Brian Madigan LL.B. You might wonder about the real estate market in Toronto. That’s the big test of the economy! If the Toronto real estate market is going well, then, so is everything else. Prices have been escalating over the past few years and the market of 2012 (January to June) was no exception. But, prices are just one measure, the real strength of the market is measured in volume, and that means the total number of sales. Let’s have a look at the sales for the last … (3 comments)
It’s hard to believe but November was a great success when it comes to Toronto real estate. Prices were up and sales were up.
The usual and predictable pattern is that both prices and sales would decline in November. Traditionally, there are two peaks each year, one in the Spring and the other in the Fall. May is the Spring peak and October is the Fall peak.
But, before rejoicing too soon, let’s look a little deeper. The expectation is that the October price will match the earlier May … (7 comments)
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)
GTA First Quarter Maintains Steady Pace Ontario Real Estate Source Brian Madigan LL.B. How is the real estate market this year? That's a simple enough question. While many will respond by referring to the latest week or the latest month, the true measure of the 2011 market, at this time is to look at the first quarter numbers and compare that to other first quarters in previous years. Sometimes, some of the February sales take place in January and sometimes some of them take place in March. Such "fine tuning" can distort the results and lead to erroneous conclusions. … (0 comments)
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