Market Watch

A condo auction was held in Canmore, on Saturday June 30th. Units in the Grande Rockies Resort Complex went up for bidding, closing at a range of $130,200 to $307,650 per unit. All units required minimum bids and minimum reserve selling prices. It also included a qualification process for buyers, which means auction bids will probably hold up. Click here …

Click here for a chart by the McKinsey Global Institute that compares the GDP of America’s 30 richest cities, measured in 1978, and again in 2010. Have things shifted or stayed the same? Find out by clicking the link!

It’s hardly a surprise that the government decided to step in and make changes to the way unconventional mortgages are insured.  I had spoken about the three causes that will cause the market to slow down before and this is the first of the three that we see. You can find the details of the changes coming through here.  Here’s …

The condo craze in Toronto and the speculation of a real estate bubble has industry experts wondering how much of an impact foreign investors have on the market. Are cash-rich foreign investors really fuelling the “condomonium” in Toronto? Click here to read the full article.

June 5, 2012 — Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto. “Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all …

Apartment valuations set to keep climbing in Ontario: report By Garry Marr, Vancouver Sun – May 23, 2012 Valuations for apartment buildings reached record levels last year and the forecast for 2012 is for the trend to continue, according to a new report on the sector which focuses on Ontario. The Rock Apartment Report Ontario notes the capitalization rate — …

Following are a few thoughts that I had shared on an online forum and thought I share it with you too. Recent stats I saw regarding condos show that there is a vacancy rate of less than 1% for downtown condos. I’ve personally listed new condos in downtown and been bombarded by Renters who want to rent the condo instead …

February 3, 2012 — Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto. “A favourable affordability picture bolstered by very low posted fixed mortgage rates …

TORONTO, February 6, 2012 – The Toronto Real Estate Board (TREB), Canadian Real Estate Association (CREA) and four other major real estate boards across Canada have developed a new system to measure and provide clarity on home prices and home price growth: the MLS® Home Price Index (MLS® HPI). The MLS® HPI is calculated using a sophisticated statistical model that …

January 5, 2012 — Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010. “Low borrowing costs kept Buyers confident in their …