Market Watch

During the interest rate announcement on April 12, 2011, Mark Carney, Bank of Canada Governor, left the over night lending rate at 1% which is great news for anyone with variable rate mortgages.  There’s also speculation that the first interest rate hike will come in July which will give buyers enough time to get their pre-approvals in place and purchase …

A detail account of residential market update from Toronto Real Estate board with video and data.

Following are some notable mentioned from the video presentated by Jason Mercer of the Toronto Real Estate Board

Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010.

What's happening in Toronto Real Estate market over the next two years? Jason Mercer of Toronto Real Estate goes through the different aspects of the market to give you a comprehensive review of affordability, unemployment and interest rates.

My take on the report issued by Scotiabank and recent interest rate announcement by Bank of Canada

Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010. “While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from …

National resale housing activity edged higher for a second consecutive month in September 2010, according to statistics released by The Canadian Real Estate Association (CREA). Combined with a falling supply of homes on the market, the number of months of inventory also declined for the second consecutive month. Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) …

TORONTO, September 16, 2010 ? Greater Toronto REALTORS® reported 2,623 sales through the Multiple Listing Service® (MLS®) during the first two weeks of September 2010. This represented a 22 per cent decrease compared to the 3,361 sales recorded during the same period in 2009. Year-to-date sales amounted to 65,455, representing a six per cent increase compared to 2009. “Sales remain …

Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards in August rose 4.1 per cent from the previous month. This marks the first monthly increase since March 2010. Activity was up most in Ontario and British Columbia, with monthly gains in these two provinces accounting for most of the improvement in …