Toronto, December 6, 2011 – Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year. “We have seen strong annual sales growth [...]
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Canadians are increasingly concerned about the increasing debt of their fellow citizens, according to a new survey. The Canadian Association of Accredited Mortgage Professionals (CAAMP) produced the findings in its annual State of the Residential Mortgage Market in Canada report after surveying 2,000 online respondents. About half the respondents were homeowners. Respondents were asked to [...]
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Constructed in honour of the men of the community who laid down their lives for King and Country in the great War 1914-1918. “Lest we Forget” In commemoration of the great courage demonstrated by the twenty-six men from the Woodbridge area killed in the First World War. The Village of Woodbridge Council on June 9, [...]
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Such is the recommendation of Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada in a video release that accompanies the Company’s latest research effort. The report examines the reasons for the 100%+ gains in average Canadian home prices during the first decade of the millenium and ultimately concludes that ‘housing evolution’ has been the primary [...]
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Here are selected economic commentaries from the Toronto Real Estate Board, based on recent Statistics Canada and Bank of Canada economic data releases. Please click on any of the commentaries to enlarge Canadian Consumer Price Index Overnight Target Rate and GDP Canadian Labour Force and Unemployment Rate
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A little over one month after the Provincial election and the progress of the ‘officially approved’ Vaughan hospital already faces a major headwind with today’s news of a reduction in Provincial growth forecast stemming from a bleaker global economic outlook. Here are some concerning quotes from Provincial Finance Minister Dwight Duncan, who is set to release [...]
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The seasonally adjusted annual rate1 of housing starts was 207,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in September 2011. “Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said Mathieu Laberge, Deputy Chief Economist at [...]
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The following are summarized comments made at the Real Leasing conference in Toronto by featured speaker, Dr. Sherry Cooper, Executive VP and Chief Economic of the BMO financial group. Her presentations are always insightful, concentrated and focused. Backdrop of global economic and financial market is unnerving World is still responding to Crisis of 2008 and [...]
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In the first video that follows, Jason Mercer – Senior Manager, Market Analysis, discusses the entire GTA TREB resale Market data results for October 2011. Updated Market Watch summary charts can be found here. In the second video, Mr. Mercer discusses the GTA Condo Report for Q3 2011. Further insight on the Condo market results can be [...]
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