Market Update
March Resale Housing Results Bring Positive News
TORONTO, April 6, 2009 – In March 2009, Greater Toronto REALTORS® reported 6,171 sales
- down seven per cent from March 2008, representing the smallest year-over-year decline in the
last five months. The average price for March transactions was $362,052 – down less than five
per cent from the same month last year.
“The Greater Toronto housing market has [...]
2,565 RESALE HOUSING TRANSACTIONS SHOWS RATE OF DECLINE SHRINKING
TORONTO, March 19, 2009 – Greater Toronto REALTORS® announced 2,565 transactions in the first half of March compared to 3,183 during the same period last year. The annual rate of MLS® sales decline was the smallest in five months. Mid-month March MLS® sales increased compared to the 2,044 sales experienced in the first
half of February. [...]
Market Watch March 2009
Many buyers are out there looking, but seem nervous about making offers. They’re confused by what they’ve been reading and hearing about the state of the real estate market. The fact is, although sales and prices have both declined in different percentages around the country, they have remained relatively steady when compared with prices south [...]
Read Full Post | Make a Comment ( None so far )Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in February
TORONTO, March 5, 2009 – Toronto Real Estate Board Members reported 4,120 sales in February 2009
compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared
to $382,048 during the same month last year.
“A considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers,
who were [...]
GTA REALTORS® Report 2,670 Resale Housing Transactions in January
TORONTO, February 4, 2009 – According to TREB president Maureen O’Neill, there are
opportunities at any point in the housing market cycle.
“Moderated housing prices combined with low interest rates could present excellent long-term
investment and homeownership opportunities in the GTA housing market,” noted TREB President
Maureen O’Neill. ”REALTORS® can help potential home buyers and investors identify value in
today’s [...]
Mid-Month January GTA Housing Resales at 888
TORONTO, January 19, 2009 – Greater Toronto REALTORS® reported 888 sales during the first
half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada
the economic situation throughout Canada changed noticeably over the past year with job losses
in the fourth quarter of 2008. Toronto is not immune to this, the [...]
2,500 GTA Housing Resales in December, 74,000 in 2008
TORONTO, January 9, 2009 –Toronto Real Estate Board Members reported 2,577 sales in December
2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in
December 2006, TREB President Maureen O’Neill announced today. “Sales for the whole of 2008 were
74,552, compared to the 93,193 recorded in 2007, and the 83,084 recorded [...]
Market Update November 2008
My graphs are now up to date to reflect November 2008 and the results are compelling but also support the facts that we are now in a buyer’s market.
If we look at average days on the market compared to last year we see that the average days on the market are at 40 compared with [...]
Toronto Land Transfer Tax Costs City’s Economy $170 million
TORONTO, December 10, 2008 – Supported by a study on the impact of the Toronto Land Transfer Tax,
recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors,
Greater Toronto REALTORS® are renewing calls for this tax to be rolled back. See complete study
“The housing sector is one of the most significant parts [...]
Over 3,600 Greater Toronto Area Resale Housing Sales in November
TORONTO, December 04, 2008 — Greater Toronto REALTORS® recorded 3,640 transactions last month, from 7,313 sales in November 2007, Toronto Real Estate Board President Maureen O’Neill announced today.
Year-to-date sales figures for the Greater Toronto Area show 72,086 transactions in 2008, from 88,695 sales recorded in the same January to November period [...]
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