My thoughts on the mid-January Toronto Real Estate market statistics. Prices are down about 10% and volume is down by 50% compared to the same period last year. However, last year there was a sales spike in January due to the new Toronto Land Transfer Tax being introduced by the municipality. Nonetheless, activity is… Play Video
Buyer's or Seller's Market?
December 3, 2008 By Leave a Comment
Toronto Real Estate Statistics @ Mid November
November 20, 2008 By Leave a Comment
Toronto Real Estate sales statistics for mid-November were released yesterday by the Toronto Real Estate Board (TREB). No real surprise here. Across Toronto, the number of overall house sales was down 19.7% while prices were down on average 7.5%. Most of this drop seems to have occurred during October when the financial markets went into… Play Video
Canada vs. U.S.
November 18, 2008 By 2 Comments
Most Canadians I believe are wondering when economic slowdown in the U.S. will hit Canada in earnest. Well, the Toronto Star published the above results today about auto sales in the two countries, and generally in Canada sales are mixed but overall holding their own, while in the U.S. they are down across the… Play Video
Toronto Home Sales Statistics for October 2008
November 5, 2008 By Leave a Comment
Today the Toronto Real Estate Board released its October 2008 report on re-sale homes across Toronto. The number of homes sold is down 35% compared to the same month last year. However, check out each area of the city for local statistics, since they vary. For example ‘E02′, for the Beach sales are down… Play Video
What will Toronto Real Estate sales be like in 2008?
January 14, 2008 By Leave a Comment
With the new Toronto Land Transfer Tax kicking in later this month (note that two of the three exemptions will no longer be in effect after Jan 31 this month – see my Toronto Land Transfer Tax page for complete information), a slowing U.S. economy, a strong Canadian dollar, and weakening consumer confidence, will 2008 be a… Play Video
Bull vs. Bear at INMAN Connect
January 13, 2008 By Leave a Comment
The U.S. is near, or in, a recession, depending on whom you listen to. The Federal Reserve is about to cut interest rates again. Most areas of the U.S. Real Estate market are depressed, with some exceptions such as New York City, Seattle and Charlotte. Overall in the U.S. the average housing prices are down… Play Video
November Sales Set Another Record
December 5, 2007 By Leave a Comment
The Toronto Real Estate Board (TREB) reported today that across their trading area during the month of November, 7,313 sales occurred, resulting in a year-to-date total sales of 88,695 homes. At this pace, we will end the year with over 90,000 sales, a new record. I compiled some key statistics for the Beach area, accessible by clicking the… Play Video
Market Update
November 20, 2007 By Leave a Comment
The Beach and Toronto Home Sales Are Still Humming
October 7, 2007 By Leave a Comment
Attached (September 2007 Market Watch) is the most recent Toronto MLS market report published by the Toronto Real Estate Board (TREB). Home sales in Toronto remain strong, with 6,866 homes changing hands in September (up 4% from last September), while year-to-date sales have been 73,827 homes (up 12% over last year at this time). In The Beach, district E02, the average… Read More
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