OTTAWA, February 13, 2012 — Housing markets are expected to remain steady in 2012 and 2013, according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2012 Housing Market Outlook, Canada Edition1. “With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012...
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OTTAWA — The seasonally adjusted annual rate1 of housing starts was 197,900 units in January, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 199,900 units in December 2011. “The slight decrease posted in January was attributable to a decrease in Quebec and in Atlantic Canada”, said Mathieu Laberge, Deputy Chief...
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Dear Friends, This past week at City Hall there has been much debate about the future of public transit. Last spring, I signed a Memorandum of Understanding (MOU) with Metrolinx and the Government of Ontario. This MOU put in place the framework to move forward on the Sheppard subway expansion, the Eglinton-Scarborough Crosstown and...
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– Toronto Real Estate Board Commercial Division Members reported 464,008 square feet of total leased commercial space in January 2012. This result was down by 41 per cent in comparison to January 2011. Industrial space accounted for 86 per cent of total square footage leased, or 397,649 square feet – down 46 per cent...
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Toronto, January 20, 2012 – Starting with its November 2011 Market Watch publication, the Toronto Real Estate Board (TREB) has been publishing a new Months of Inventory (MOI) indicator. MOI shows how long, on average*, it would take to sell all actively listed homes assuming the level of sales remained the same and no...
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– Each January many of us set goals for the year ahead, taking into account household finances and broader economic circumstances. One key yardstick of our nation’s economy is the real estate market, which in Toronto came to a strong finish in 2011, making it the second best year on record with 89,347 transactions,...
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TORONTO, December 15, 2011 — REALTORS® are applauding Mayor Rob Ford for re-affirming his commitment to repeal the Toronto Land Transfer Tax beginning in 2012, as reported by CP24. Mayor Ford’s comments were made during a televised interview with Stephen LeDrew, Political Specialist for CP24, which quoted the Mayor as saying that Torontonians will...
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Toronto Real Estate Board Commercial Division Members leased 574,499 square feet of industrial space through the TorontoMLS system in November 2011. This result represented a small decline of two per cent compared to the November 2010 figure of 587,274 square feet. Over three quarters of the total leased space was accounted for by industrial...
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– 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 through the 2011...
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BUILD TORONTO, the independent and self-funding real estate and development corporation created to unlock the value of City real estate, is pleased to officially announce its first Partnership, for the development of a proposed 75-storey residential building at 10 York Street, with Tridel. This $295 million dollar development, that will change the City’s skyline...
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– The Canadian Real Estate Association (CREA) has made a small revision to its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012. Activity came in broadly in line with expectations across much of the country in the third quarter...
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– According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up a little further in October 2011 following the uptick in September. Highlights: Sales activity rose in October, marking the highest level since January. Actual (not seasonally adjusted) national sales activity in October stayed in line...
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Housing starts are forecast to stabilize into 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition1. “Despite continued uncertainty in the global economy, Canada’s economic fundamentals remain positive, particularly with respect to interest rates, employment and immigration. These factors will continue to support Canada’s housing sector in...
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As more and more new homes and condos are purchased from builders and many flipped without the Buyer ever residing in them, it’s important, once again, to review Tarion rules and requirements concerning such transactions. Please read and familiarize yourself with the following so as to protect your clients and limit your liability. You...
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According to the recent report from Bank of America Merril Lynch, Canadian variable mortgage holders may face serious dangers. The report says there’s a large number of variable rate mortgage borrowers who are quite vulnerable to the potential rate hike. In addition to it, they suggest almost two thirds of all mortgages originated recently...
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Toronto, October 24, 2011 — Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352. “Condominium apartments have accounted for about one-quarter...
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Every month the Toronto Real Estate Board produces Housing Market Charts and it relates what is happening this year to what has happened in the past 3 years. Rather than a month-to-month view it gives you a really good idea of longer term trends and I think it is a better indicator as a...
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Asking Price: $737,000 One Of The Most Popular And Elegant Models Of Thornhill Woods. Meticulously Maintained And Widely Upgraded House Offers Front Yard Park,...
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Asking Price: $749,000 Beautiful And Elegant 4Br Home In Desirable Area Of Thornhill Woods. Offers Double Door Entry, Grand Foyer, 9 Ft Ceiling On...
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Price: $749,000.00 One Of The Most Popular And Elegant Models Of Thornhill Woods. Meticulously Maintained And Widely Upgraded House Offers Double Door Entry W/Custom...
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Price $1,287,000 Executive Large And Spacious Fully Renovated Bungalow In South Richvale. Inviting Grand Foyer W/16Ft Ceiling, Main Floor Office, Hardwood Thru-Out. Quiet South...
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For Sale: $381,000 Spectacular Updated 2+1 Bedroom Condo W/Huge Solarium In Luxury Tridel Building! Approx 1360 Sq.Ft. With Spacious 2 Bedroom, 2 Full Washrooms...
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Asking Price: $721,000 82 Pepperberry Rd, Vaughan, ON L4J 8W8 Family Size Home Situated In A High Demand Neighborhood Of Thornhill Woods, Extremely Well...
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Absolutely Stunning, Designer Dream Home In Thornhill’s Most In Demand Neighbourhood. Newly Renovated Ready To Move In! Thousands Spent On Upgrades. Hardwood Floors. S/S...
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Asking Price: $59,000.00 Great location with clientele already in place. Great modern look to the salon with all the latest equipment and knowledgeable staff...
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Asking Price: $ 449,000.00 One Of The Most Popular And Elegant End Unit Models Of Aspen Ridge Offers Premium Extra Large Lot W/ Fully...
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