Condo sales in the 905 are up more than 23% compared to last year!
The Toronto Real Estate Board (TREB) released its home sales figures for August 2015, announcing a significant rise in sales, average price, and even listings. There were 7,998 transactions reported through the MLS System in August 2015, which is a 5.7%
Third quarter expected to end with a surge in new home sales
As we find ourselves well into the third quarter of the year, Trimart Research Corporation is reporting steady summer sales, but traffic slowed down quite a bit, which was expected. While the demand for low-rise housing is still strong across the Greater
Will the Bank of Canada lower its interest rate again?
The Bank of Canada tries to bolster the economy by lowering interest, thereby stimulating an already inflated housing market. Then the housing market crashes as everyone over-borrows and the economy goes into a tailspin. It’s enough to make you lose
Will the fall 2015 season restore balance to the housing market?
The Trimart Research Corporation recently announced that 74.9% of their annual forecast has been achieved, meaning that they predicted how many new low-rise sales there would be in 2015, and that’s how much has sold so far this year. July 2015’s sales
Housing starts in the GTA decrease as prices hit record highs
Despite a dip in Canadian housing starts in July, new low-rise sales in the Greater Toronto Area (GTA) have been very strong, given the traditionally slow summer period, according to Trimart Research Corporation. The inventory of new low-rise homes has
Average price of a new home hits a record high of $806,391 in July 2015
The Building Industry and Land Development Association (BILD) released its new home sales figures for July 2015, announcing that the prices of new homes in the Greater Toronto Area (GTA) have skyrocketed over the last decade. Last month, the average
National average sale price rises 4.1%, excluding Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales figures for July 2015, announcing that sales declined last month, but remained strong on average.“National sales activity remains solid, fuelled by strength in British Columbia
New home inventory continues to drop as sales surge
According to Trimart Research Corporation, the recent long weekend only slightly affected the Total Market Area’s (TMA) new low-rise market. As of halfway through 2015, 68.2% of Trimart’s annual forecast has been achieved. New home inventory levels are
CMHC announces Toronto market at risk due to overvaluation and price acceleration
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly House Price analysis and Assessment (HPAA) framework, announcing that housing markets in Toronto, along with Winnipeg and Regina are at high risk of correction.“Nationally, CMHC
Housing Starts in Toronto Decrease for the First Time in Five Months
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for July 2015, announcing that multiple urban starts are making up for the decline in single-detached starts across the country. The trend measure for July was
