NEW RELEASE FROM THE TORONTO REAL ESTATE BOARD TORONTO, ONTARIO, July 5, 2018 – Toronto Real Estate Board President Garry Bhaura, in his first market release as TREB President, is pleased to announce some positive signs with respect to the housing market. Greater Toronto Area REALTORS® reported 8,082 home sales through TREB’s MLS® System in June […]
So, what’s happening with Real Estate prices? Why does it seem some have dropped a lot, yet other homes sell quick for a good price? Depending on where you look, and what you look at, there’s different levels of activity in the market, some areas and types of properties are selling well, others seem to […]
So, you live in a great little neighbourhood, a pocket of land that is surrounded by other neighbourhoods built before and after. You want to know how your home value us doing , but those homes are very different. How do you truly understand market performance of that neighbourhood to truly relate it to comparable […]
With the Province of Ontario announcement on measures to slow the real estate market in Ontario, we’ve seen some interesting behaviour as a direct impact of their involvement in the industry. If you look at the chart below, you’ll see weekly sales in 2017 (blue line) compared to 2016 and 2015. As a reference point […]
25 April 2017 – update. In the chart above it looks like the market is picking up by Monday’s total sales. The data for Tuesday is not yet complete as this was extracted at 2 on today. —————– With the recent announcement of Ontario’s Fair Housing Plan, many people, in and outside of the industry […]
OTTAWA, January 26, 2017 — Canada Mortgage and Housing Corporation (CMHC) is reporting strong overall evidence of problematic housing market conditions nationally for the second consecutive quarter due to overvaluation and price acceleration in Canada’s housing markets. This assessment largely accounts for market conditions in Vancouver and Toronto where strong price growth has been spreading […]
CMHC the Canadian Mortgage and Housing Corporation has some very astute economists that understand our economy and how we are positioned globally. This not only allows them to have a very good handle on what we should expect and how to prepare for it, but they also look at what could possibly happen. As […]
“The Ontario government is moving to double the maximum tax rebate offered to first-time homebuyers while boosting the land-transfer tax on house purchases above $2 million. Finance Minister Charles Sousa made the announcements in his fall economic statement, delivered in the provincial legislature on Monday afternoon. The changes are to take effect on Jan.1, 2017. ” – Mike Crawley, CBC […]
“OTTAWA, October 26, 2016 — Canada Mortgage and Housing Corporation (CMHC) is finding strong evidence of problematic conditions for Canada overall. Home prices have risen ahead of economic fundamentals such as personal disposable income and population growth, resulting in overvaluation in many Canadian housing markets. However, the combination of overvaluation and overbuilding should help slow […]
Today’s Headlines can be confusing… Sales Volumes soar, Home Sales Fall, it sounds confusing, doesn’t it! So what does this mean? Are they reporting conflicting news? Or are they not spelling out the whole picture to get you bouncing back and forth reading news articles just to get your attention? Well, they […]