Homes sales up – the half truth
Its the media frenzy to some extent that assisted the current surge in home sales. While job growth and retail sales are steadily low, home sales are up like anything. Today’s Star article titled “Toronto existing home sales skyrocket 87 per cent” is one such example. Current stats must be compared to a high sales market. The first quarter of last year was slow thanks to the...
Read MoreTrue story of the Housing Bubble
Heated housing activity throughout 2009 lends little air to bubble theory in the GTA, says RE/MAX. Single-detached housing values remain slightly off 2008 levels in 27 per cent of TREB districts. Despite limited inventory levels in the Greater Toronto Area (GTA) in the latter half of the year, double-digit price appreciation failed to materialize in the single-detached housing category in 2009,...
Read MoreNovember Market Pulse
Market activity continues to be hot across GTA and will likely continue through the winter. Broad outlook with the lowest being in Oakville at -2% and highest in Pickering being +27%. Please note rate in price changes rounded to the nearest full percent. For full report visit this page...
Read MoreCanadian housing markets buck recession and trend upwards, says RE/MAX
With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX. The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record. Low interest rates, pent-up demand, and improved...
Read MoreHome Sales Up 27%
Irrespective of where the market heads there will always be one side of the transaction which will be win-win all the way. Since march of 2009 it has been a sellers market here in GTA. Some good deals where possible in the first quarter but things just flipped. Read this Toronto Start article: GTA home sales rise 27% Past 3 months bought a wind fall for home sellers with some homes selling for...
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