The GTA Market is currently in a state of flux with mixed indicators showing up. While year over year sales for the year are up the number of sales to date in the month are down. The average sale price for October Mid Month transactions is also up from the first 14 days of October in 2009. "we are seeing enough buyers relative to sellers to promote continued price growth year over year. Jason Mercer, TREB's Senior Manager of Market Analysis Download full report
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MAKE IT A GREAT DAY ...... … (10 comments)
market update: Entry Level Purchasers Across Canada Are Adjusting Their Expectations
- 04/24/08 04:51 AM
As Summer draws nearer the number of Listings in our area is beginning to increase creating a more stable marketplace. Now is not the time to be "testing the market" if you are serious about selling your home. In reviewing the market activity so far this year in the RE/MAX Affordability Report. Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario - Atlantic Canada says "Doom and gloom reports from south of the border have yet to hinder overall momentum" There appears to be a higher degree of frustration in the marketplace than in previous years as "Rising housing … (2 comments)
market update: 1997 - 2007 A Decade In Review
- 02/26/08 02:25 AM
Canadian Real Estate Review Canadian Real Estate Review 1997 - 2007 A Decade In Review Pent-up demand, population growth, tight inventory levels, and the longest economic expansion since World War II collectively fuelled one of the best decades on record for residential real estate in Canada, according to a report released by RE/MAX. Download Full Report The RE/MAX Decade in Review 1997 - 2007 Found that Major housing centres across the country experienced strong consecutive growth between 1997 and 2007. In 2006, homeownership rates in the country were the highest on record at 68.4 per cent. Population growth has contributed to … (5 comments)
market update: Real Estate Market Indicators
- 01/27/08 04:17 AM
Despite Recent Headlines About The Stock Market --- Economic Indicators Bode Well For Home Buyers and Sellers Alike.
While not everyone agrees on the details, there seems to be a consensus that the Canadian economy will slow for the first half of this year and then revive in the second half. Indicators are good for a strong spring real estate market with stable house prices and lower mortgage rates. This in turn will help to increase the affordability factor for home buyers thinking of buying that first home or moving up to a larger home to fill the needs of a … (0 comments)
market update: Market Update
- 01/12/08 01:19 AM
Market Review and Outlook We hope you are enjoying Old Man Winters’ days of January. As Canadians, we certainly know how to cope with the frigid temperatures, but bring on spring please. The Toronto Real Estate Board has just released it’s annual report of the real estate activity for 2007. From our neck of the woods, we have some interesting numbers we would like to share with you. Sales in December propelled 2007 statistics to a record setting 93,193 homes sold. That is the first time in TREB’s history that over 90,000 sales were recorded. In the North District, 771 sales … (5 comments)
Average Prices Up From This Time Last Year
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