market watch: Toronto / Greater Toronto Area Mid-March Sales Data...What does it show? - 03/21/10 12:46 AM
Below is the latest press release from Toronto Real Esate Board for the 1st half of March 2010.  Where is the market headed?
recently, the Federal Government announced some changes to the mortgage rules. My feel is that these rules will lead to a short term (but above average) increase in house prices in the GTA. The increased pressure on the price will stay on until about beginning of July. Then there would be a steep adjustment in house prices. Firstly, due to mortgage rules, and then due to imposition of Harmonized Sales tax that will increase the tax on services … (2 comments)

market watch: CMHC Report predicts Ontario housing conditions will stabilize - 10/07/09 10:43 PM
 According to the 2009 Third Quarter CMHC Housing Market Outlook released on September 3, 2009 by Canadian Mortgage & Housing Corporation, stable economic conditions across the province of Ontario will help stabilize housing demand in 2010.
Highlights of the Ontario forecast include:

• The Ontario economy will stabilize at year end before gradually recovering in 2010
• Ontario resale volumes will stabilize and range between 160,000 and 190,000 unit sales this year and next - reaching 174,000 units in 2009, and 166,750 units in 2010.
• Resale volumes will be down from the peak in 2007 but will be … (0 comments)

market watch: Have seen this before?? - 09/06/09 06:58 PM
In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 - up by six per cent compared to the same month last year.
For complete market report, please check the link
Guess, lots of folks I know who held back when the market had turned to buyer's market and have now missed the boat would be joining The Woulda Coulda Club of 2009.
 
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market watch: 300,000 Square Feet of Space Leased in July - 08/25/09 12:51 PM
 There is an opportunity for someone wanting to lease office/commercial space. Recession has been helpful to some, to say, at least. Following is a medial release from TREB Commercial Division
TORONTO, August 12, 2009

- Last month, TREB Members reported 312,771 square feet of leased industrial, commercial, and office space, Commercial Council Chair Gary Lander announced today. "Volume is down from last year July's 1,072,321 square feet of space traded,"
Mr. Lander noted. "Many players in the Real Estate leasing market are waiting to see where things settle price-wise before making decisions on taking extra space."
Prices declined from year-ago … (0 comments)

market watch: June 2009 Beats Alltime records for Greater Toronto Area - 07/06/09 11:35 PM
Haven't read any good report for a while? Enjoy playing with numbers? Wanted to figure out how the real estate market fared last month (June 2009)...just click the link:
http://www.torontorealestateboard.com/consumer_info/market_news/mw2009/pdf/mw0906.pdf
I could not believe my eyes.
When I read the report this afternoon, I literally rubbed my eyes and then looked for my reading glasses. Our market was up 27 percent. Yes, you read it right 27% compared to June 2008. And the prices up 2%.
Great time again for the sellers, while the buyers who were sitting on the fence waiting to jump in when the prices were real low...too … (0 comments)

market watch: Greater Toronto Area Market is picking up steam - 06/23/09 11:51 PM
Toronto Real Estate Board last week released sales report for the 1st half of the month that will bring some cheer back into the Realtor community. The number of sales in the 1st half compared to the corresponding period in 2008 were 19% higher and the prices about 2% higher. It is not that Realtors want the prices to keep increasing as we want more and more people to be able to afford a roof over their heads (at least), howver the increased number of sales goes on to show that the consumers have a sense of confidence that they will … (3 comments)

market watch: Is The Market Turning Around? - 04/07/09 01:55 AM
Some good news finally!!
Toronto Real Estate Board (TREB) media release yesterday shows some improvement in Toronto as well as suburbs' sales. Though encouraging, the sales levels are lower than that experienced in March 2008 and the Average price too has taken a hit, that too compared to March 2008. Nevertheless, these days, any positive sign is welcome. Toronto Stock exchange too has closed 4th straight week with gains, albeit low and Canadian dollar is floating above 0.80c.
Check out the media release here: http://www.torontorealestateboard.com/consumer_info/market_news/news2009/pdf/nr_mw0903.pdf
For those who know Toronto well and are interested in detailed report, check out this link: http://www.torontorealestateboard.com/consumer_info/market_news/mw2009/pdf/mw0903.pdf
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