2,732 sales were recorded across the GTA during the first two weeks of August 2010 through the Multiple Listing Service® (MLS®).   more »

OTTAWA—Canada’s economy is slowing much faster than previously thought, the Bank of Canada said Thursday in a bleak outlook that stressed mounting risks from Europe’s debt crisis and a possible stall in the global recovery.   more »

2,790 sales were reported through the Multiple Listing Service® (MLS®) during the first two weeks of July 2010. This represented a 37 per cent decrease Compared to the 4,437 sales recorded during the same period in 2009, this represents a 37% decrease.   more »

Toronto Realtors report a decrease of 23% in June 2010 for the Resale Home market. The Toronto Real Estate Board has reported that 8,442 homes sold in June and this represents a 23% decrease over June of 2009. This is the second month in a row that sales have dropped from 2009. Last month that figure was 1%.   more »

In the first two weeks of June 2010, Greater Toronto REALTORS® reported 4,139 sales of resale homes through the Multiple Listing Service® (MLS®)   more »

Fixed rates will edge downward and the 5 year may approach 4.00% again soon if the bond market continues to ease. The variable rate is now available at Prime minus 0.60% which is where it was prior to the financial crisis.   more »

There are subtle signs that the Toronto Real Estate Market is experiencing a bit of an adjustment downwards as prices for resale homes dropped by one per cent in May, compared with the same time last year.   more »

For the first two weeks of May, Realtors in the GTA reported 4,887 sales through the Multiple Listing Service® (MLS®). This represents a 7% increase over last year with the huge mitigating factor that new listings increased 48% compared to the same time of year 2009.   more »

Lots of activity still in the market and so many more listings coming on stream giving buyers more choice. We are still seeing, in some instances, prices being set a lot higher than they were at the beginning of the year. Motivated sellers are seeing a shift in the market and are setting their sights lower. The market still proves fruitful though with a 6-10% increase in Yonge/Central areas since the beginning of the year.   more »

The new mortgage rules took effect today with a significant impact expected in that variable interest rates have become harder to secure. Under the old rules, buyers could qualify for a variable rate mortgage on the three year fixed discount rate which today is only 3.85%.   more »

Real Estate Agents in Toronto reported 10,430 home sales on the MLS for the month of March. The average price for these transactions was $434,696. Total sales for the first three months of 2010 were 22,418, and the average price was $427,948. Read more in the most recent Market Watch.   more »

It’s been a great ride. The past few decades have been an enormous boon to homeowners – who benefited from historically low lending rates and a stellar rise in the values of their homes. Even now, there are no dire predictions of housing market chaos.   more »

Two articles of interest: March's mid-month statistical breakdown and an article from the Financial Post that claims the market is "losing steam"...   more »

The last month was a very busy time in real estate. It has also been very frustrating for Buyers to be continually outbid on a home, maybe buying a home with no conditions and watching prices go up, up up. Buyers are drawn to houses that have been staged with neutral colors and modern minimalist furniture. Solid old fashioned homes with "good bones" may well get overlooked in the pursuit of the glitz...stainless steel appliances prove to be a big must have and are an excellent way to bring a bit of glamour to a dated kitchen.   more »

It's tough out there! A home that is well presented and well priced can sell with as many as 15 offers! Not fun being a first time buyer and being advised that if you want that house, you will have to have an offer that is free of conditions..ie financing and home inspection. It is possible to have a home inspection prior to putting in the Offer. But then if your bid is not successful, that's as much as $500.00 down the drain.   more »

Last month went by in a flash. Here we are in February, with Valentine's Day and our third Family Day to look forward to. Usually, January is a slow month but this year, sales were up. Click here to view TREB's January charts, which summarise key residential statistics in the GTA since 2007.   more »

The mild weather we are currently experiencing brings out the Buyers. Inventory is still very low and there are numerous multiple bids on properties, particularly south of the 401...   more »

TORONTO, January 7, 2010 - Canada's residential real estate market is forecast to remain unusually strong through the first half of 2010 as economic conditions across the country improve and the stimulus impact of low interest rates continues to stoke demand, according to today's Royal LePage House Price Survey and Market Survey Forecast.   more »

Toronto home prices have been rising at a surprising speed because of so many new buyers being able to take advantage of record low interest rates.   more »

Tables and charts referred to in the article "Predictions For Our CANADIAN Real Estate Market 2010"   more »

If you are ready to take the plunge from being a renter to a home owner, your first step will be to talk with a mortgage broker. that way you will get a pretty good idea of what you can afford as well as getting mortgage pre-approval.   more »

Housing starts: After a slow start in 2009, housing starts will become stronger by the end of 2009 and average 141,900 units. In 2010, starts will increase to approximately 164,900 units.   more »

The cost of homeownership in Canada became more expensive for the first time since the spring of 2008 across all housing segments, according to the latest housing report released today by RBC Economics Research.   more »

7,446 sales were recorded by Greater Toronto realtors in November which equates to slightly more than double the sales in November 2008. This time last year we were in the grips of an economic downturn. Year to date sales were up 14% compared to the first 11 months of 2008   more »

Greater Toronto REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.   more »

Driven by 4.2 per cent increase in its housing component, statistics Canada’s monthly composite index of leading indicators – which can be used to forecast economic trends over the short term – rose 0.7 per cent in October.   more »

Greater Toronto Realtors reported 3,666 sales in the first two weeks of November 2009, signifying an increase of 84% when compared to the same time period last year.    more »

Charts from the Toronto Real Estate Board (TREB)   more »

The real estate market is very active at present. We have until Feb.1st to spend $10,000 on repairs, alterations and preventative maintenance   more »

February 1st 2010 is the date by which we need to spend $10,000 on qualified renovations to receive the maximum renovation credit, and more than $1,000 to get any of the 15 per cent tax credit.    more »

Canadian housing starts trended upward in October, rising five per cent month-over-month to a seasonally adjusted annual rate of 157,300 units – the highest level this year.    more »

Yes! It's that time again. How quickly the seasons come and go. We have to think now about everything from the garden to the furnace, and for those of us not fortunate to have massive closets, get out the boxes of winter clothes, and fill them with our summer gossamers.    more »

The Toronto Real Estate market is booming and the federal government's Home Renovation Tax Credit and Eco-ENERGY Retrofit Program mean there's a fair bit of money available to help homeowners tackle upgrades.   more »

After the market meltdown of last September, news of the worst recession/depression since the 1930's, and with consumer confidence at an all time low,buyers clearly decided to hold off buying a home.   more »

The monthly composite index of leading indicators produced by Statistics Canada can point to the future economic growth trend. In September, the index rose 1.1 per cent, after a revised increase of 1.2 per cent in August.   more »

3,631 sales were reported by Toronto realtors for the first two weeks of October – this is an increase of 34 % over the first two weeks of October 2008. Average prices increased 17% compare to the same 2 weeks in 2008, to $414,479.   more »