Tag Archives: toronto housing prices

Strong August Home Sales in the GTA!

Strong Sales!

Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August – a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings. “Home sales in the GTA have stood up well despite a less certain economic outlook,” said Toronto Real Estate Board President Richard Silver. “Home sales will be bolstered by low mortgage rates moving forward. The Bank of Canada is expected to be on the sidelines until the second half of … Read more

Posted in toronto properties | Tagged , | Leave a comment

Expect strong start to 2010 to continue!

In January, 4,986 homes changed hands throughout the Greater Toronto Area. This figure far exceeds last January’s 2,670 sales, which took place in the depths of our short-lived recession. Most significantly, it is comparable to January 2008’s 5,075 transactions and the 5,173 sales that took place in January 2007, the latter of which was the strongest year on record. Breaking down the numbers, there were 1,973 sales in the 416 Area and 3,013 transactions in the 905 Region last month. Condominium apartments comprised 47 per cent of all sales in the 416 and nearly 13 per cent of all 905 … Read more

Posted in toronto properties | Tagged , , , , , , | Leave a comment

Canada’s Flaherty Says There Is No Housing Bubble ‘Right Now’

Finance Minister Jim Flaherty said record Canadian home prices partly reflect a stabilizing economy and don’t constitute a bubble “right now,” even though the government is prepared to act if gains become excessive. Flaherty, in an interview today, said recent price increases for homes in Canada are due to a “confluence” of factors including low interest rates, an improving economic outlook and a stabilizing job market. “We always watch the housing market to make sure that we do not see the development of an asset bubble,” Flaherty, 59, said during an interview in his office in Ottawa. “There would have … Read more

Posted in toronto properties | Tagged , , , , , , , , , , | Leave a comment

Homes Sale Jingling Along!

The first week of December was a good week, economically speaking, for the Greater Toronto Area and Canada more broadly. We had two waves of positive financial news. First, Statistics Canada announced the Canadian economy grew in the third quarter -the first quarter of growth since the third quarter of 2008. This was followed by encouraging employment numbers. In Canada, a whopping 79,000 jobs were created in November and the unemployment rate dropped slightly. In the Toronto area, we experienced the fourth straight month of job creation. This was the backdrop for another strong report from the Toronto Real Estate … Read more

Posted in toronto properties | Tagged , , , , , , | Leave a comment