|
|
Would you like this delivered?
|
|
Market Watch is a regular feature of my monthly newsletter that can be delivered to your email inbox each month. Just subscribe (always easy to unsubscribe) and I will be sure it gets delivered.
Buyers - keep track of prices by location.
Sellers/Homeowners - see how your neighbourhood house prices are changing.
|
|
|
Toronto (GTA) Market Reports
|
|
|
Market Watch reports will be published here in the first week of each month.
Special Reports are published within hours of being made public.
To Download Reports - Scroll down past the descriptions/highlites or click here
*****
What's Hot - What's Not - Exclusive Report
May 2008 vs My 2007 - Price increases and declines by housing type in the GTA. Includes a summary page showing hottest (and worst) areas of growth (or decline) for detached homes and condo apartments.
GTA Resale Housing Continues Steady Pace
June 18, 2008 -- The Greater Toronto Area (GTA) resale housing market continued at a moderate but healthy pace throughout the first half of June, Toronto Real Estate Board President Maureen O’Neill announced today.
Prices continued their upward trend in the first half of this month. The GTA average price is currently $398,542, up four per cent over the $384,576 average from the same timeframe a year ago and up 11 per cent from the $358,648 recorded at mid-June 2006.
In the City of Toronto the current average price is $439,469, up three per cent over the $424,888 average a year ago and up 14 per cent over the $386,960 average in the first half of June 2006.
In the 905 Region the average price is $371,686 up four per cent from the $357,359 average a year ago and up 10 per cent from the $338,578 recorded at mid-June 2006.
“With 4,374 transactions in the first two weeks of this month, sales in the GTA declined 14 per cent compared to the same timeframe a year ago when 5,074 properties were sold,” said Ms. O’Neill. “However, compared to the first half of June 2006 when 4,074 properties changed hands, this month’s activity is up seven per cent.
In the City of Toronto 1,733 sales took place to mid-June 2008. This represents a 15 per cent decrease compared to the 2,045 properties sold a year ago but a two per cent increase over the 1,690 transactions in the first half of June 2006. A different story emerges when you compare the first half of June 2007 before the Toronto Land Transfer Tax went into effect to the same period in June 2006, a period showing a 21 per cent increase in sales.
In the 905 Region, the scenario was similar. In the first two weeks of June, 2,641 properties were sold. This represents a 13 per cent decline compared to the 3,029 homes sold in the first half of June 2007 but an 11 percent increase over the 2,384 properties sold at mid-June 2006. When you compare the first half of June 2007 to the same period in June 2006, sales increased by 27 per cent.
Certain communities including Riverdale, West Agincourt, Caledon and Richmond Hill South experienced strong activity in the first half of this month.
In Riverdale (E01) transactions increased 28 per cent compared to the first half of June 2007 driven by strong condominium apartment sales.
Condominium apartment transactions also drove West Agincourt (E05) to a 24 per cent increase in sales compared to the same timeframe a year ago.
In Caledon (W28) detached home transactions lead to a nine per cent increase in sales over the same period a year ago.
Richmond Hill South (N03) also experienced strong detached home sales, which resulted in a five per cent increase from mid-June 2007.
“With employment and interest rates holding steady and a 17 per cent increase in available listings compared to a year ago, it is an ideal time to take advantage of all that the market has to offer,” said Ms. O’Neill.
Balance returns to recreational property markets across Canada this year, says RE/MAX 
Mississauga, ON (June 10, 2008) - After an extended period of extraordinary growth, more balanced market conditions have emerged in recreational property markets across the country, according to a report released today by RE/MAX.
May Sales at 9,411 -- Market Watch
May 5, 2008 -- TREB Members saw 9,411 sales of single family dwellings in May, TREB President Maureen O’Neill announced today. “While off last year’s pace, a 9,000 plus sales month is certainly indicative of a healthy market,” said the President. Prices trended upward on a year-over-year basis, with the overall average going to $398,148, up four per cent over the May 2007 figure of $382,787.
See Full Report [in PDF format*] below
Rising housing values and lack of inventory challenge first-time buyers,  says RE/MAX
April 22, 2008 - While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across the country, according to a report released today by RE/MAX. Despite a higher degree of frustration in the marketplace than in previous years, the RE/MAX Affordability Report found that first-time buyers, in particular, remain steadfast in their determination to purchase a home. In fact, entry-level purchasers are adjusting their expectations by sacrificing size, location, and even long-term financial freedom, to overcome challenges such as rising prices and serious supply issues.
See Full Report [in PDF format*] below
"End of Times for the Boom" ??
There is always someone predicting the end of good times (or the end of the world), and Garth Turner is famous for doing the former. He sells his books based on what is clearly a (to be kind) "unique view". All the economic and real estate experts do not agree with his pessimism, especially for 2008. He plays into the fear-factor intuitively felt by many people about good times, namely; "it just can't last". We have enjoyed 12 good years of economic prosperity across Canada and 2008 (by almost all authorities) will be another good year. My advice: Read the contrary views but enjoy the reality of today's good times, buy, sell and invest based on facts not fears. See the Toronto Star's book review on Garth Turner's latest book, "Greater Fool - The Troubled Future of Real Estate" below.
See Book Review [in Word Format]- Below
TREB Market Watch - March Data
RE/MAX Decade in Review 1997 - 2007
Mississauga, ON (February 21, 2008) - Pent-up demand, population growth, tight inventory levels, and the longest economic expansion since World War II collectively fueled one of the best decades on record for residential real estate in Canada, according to a report released today by RE/MAX.
RE/MAX Decade in Review 1997 - 2007 found that major housing centres across the country experienced strong consecutive growth between 1997 and 2007. Average price spiraled upward while unit sales climbed in tandem as more and more Canadians bought into homeownership. PDF, 26 pgs. Covers all major cities across Canada. PDF, 26 pgs.
See Full Report [in PDF format*] - Below
Pricing Profiles - Central Toronto, Toronto East, Toronto West, York Region and Durham Region - New Exclusive Reports
February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some surprising low prices to be found here.
See Full Report [in PDF format*] - Below
"Canadian housing market in 2008 will pull back from the breakneck pace set in 2007, but this is still forecast to be the second-busiest year on record in almost all provinces ...."
- CREA's Chief Economist Gregory Klump - CREA (Canadian Real Estate Association) Ottawa, January 23, 2008. Link to Full Report
"Forecasters are not unanimous about their outlook for 2008. The Canada Mortgage and Housing Corp. is predicting a 6 per cent decline in new housing starts, and a 4 per cent decline in home resales. But all forecasters expect home prices to rise, at a slower pace than last year.
CMHC is predicting a 4.2 per cent rise in resale home prices across Canada, and a 3.3 per cent rise in Ontario. The real estate association predicts 5.5 per cent and 4.8 per cent, respectively; Toronto Dominion Bank 6.3 and 3.8 per cent; Royal LePage Real Estate Services 3.5 and 3.4 per cent."
(Ontario forecasted price rise for 2008: 3.3% to 4.8%)
Excerpt from Toronto Star
The Toronto Star
January 29, 2008
James Daw
Condominium appreciation outpaces single-detached housing values in key GTA districts in
2007, says RE/MAX
Mississauga, Ontario (January 23, 2008) - Condominiums experienced unprecedented upward pressure on average price in 2007, surpassing gains reported in the single-detached category for the first time in key GTA districts, including the central core and west end.
See Full Report [in PDF format*] - Below
Canada not linked to US real estate market troubles
January/08 - The melt-down of the U.S. real estate market has left many homebuyers wondering if and how it may affect the housing market in Canada. But market analysts say the problems in the U.S. will have little impact on Canadian real estate.
See Full Report [in Word format*] - Below
Condominiums achieve unprecedented favour among Canadian  homebuyers, says RE/MAX
Mississauga, ON (November 14, 2007) -- After more than three decades of slow but steady growth, the condominium concept has finally clicked with Canadian homeowners. The lifestyle has proven to be a solid investment in housing markets across the country, chalking up some of the most impressive gains in residential real estate in 2007, according to the RE/MAX Condominium Report released today.
Their universal appeal is substantiated, with every market reporting increased momentum in condominium sales volume over 2006 levels. In fact, 80 per cent of markets surveyed reported double-digit gains in sales year-over-year, with 53 per cent reporting increases over 20 per cent. The greatest growth was experienced in Canada's small to mid-sized markets. Leading the country, in terms of percentage increase in sales so far this year, are Kitchener-Waterloo (+59%), Regina (+57%), St. John's (+54%), and Saskatoon (+33%).
"Deteriorating affordability levels in major Canadian centres have led to the resurrection of the condominium lifestyle in recent years," says Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. "Condominiums are clearly the answer to the skyrocketing cost of land and shelter that has all but eradicated the dream of homeownership for many first-time buyers."
See Full Report [in PDF format*] - Below
Slow and steady growth forecast for residential real estate in  major Canadian markets in 2008, says RE/MAX
Mississauga, ON (October 17, 2007) - After posting extraordinary gains in 2007, housing market performance will moderate in most major Canadian centres in 2008, according to a report released today by RE/MAX.
The RE/MAX Housing Market Outlook 2008 examined residential real estate trends in 18 markets across the country.
See Full Report [in PDF format*] - Below
Luxury sales experience serious upward momentum in major Canadian markets, says RE/MAX
Mississauga, ON (September 5, 2007) -- Consistent return on investment has prompted an 
unprecedented upswing in luxury home sales in major Canadian centres so far this year, according to a report released by RE/MAX.
The RE/MAX Upper-End Market Trends Report examined trends and activity in 16 markets across the country between January and July 2007. Luxury home sales were up over the same period one-year ago in all markets, with percentage increases ranging from 13 per cent in Victoria to 521 per cent in Edmonton. Four markets, including Edmonton, Regina, Saskatoon and Ottawa, reported triple-digit increases while double-digit gains characterized remaining markets. The report also found that the upper-end price points were under stress in most markets surveyed
Available by request
TD Condo Report (Canada) (May 17, 2007)
Condos remain an attractive option for many home buyers. Prices (across Canada) continue to rise at a solid rate. The outlook is for more of the same over the next 24 months. (See full report below)
See Full Report [in PDF format*] - Below
Cdn House Prices to Grow at 4% Annually over next 25 Years
TD Financial Group Report - sees long range trend as positive for buying into Canadian home ownership.
See Full Report [in PDF format*] - Below
Also see Buyer Reports or Seller Reports or Investor Reports
*****
|
Online Reports
|
|
|
Choose your Reports
You may access this valuable information with no obligation or cost or fear of phone calls.
If you do not wish to be contacted just let us know - Add "no contact" to comments below.
ONLY YOUR EMAIL IS REQUIRED - Other info is optional! BE SURE TO UNCHECK OPTION FOR EMAIL UPDATES (last line below after all the reports) IF YOU DO NOT WANT additional informative emails (other than the ones you are now requesting). Our policy: This is a no-hassle website - you initiate contact when you want to and no sooner.
Your email is required to send your report (s) to you. You may request that we keep in touch (see check box below). In any case, your email is never used to Spam (see our privacy policy). Do you want a reminder about these reports - join our newsletter group and receive HomeOwner's View - to keep apace of real estate action in the GTA.
|
|
|
|
Re/MAX Affordability Report - 2008
April 22, 2008 - While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across the country, according to a report released today by RE/MAX. Despite a higher degree of frustration in the marketplace than in previous years, the RE/MAX Affordability Report found that first-time buyers, in particular, remain steadfast in their determination to purchase a home. In fact, entry-level purchasers are adjusting their expectations by sacrificing size, location, and even long-term financial freedom, to overcome challenges such as rising prices and serious supply issues.
|
|
|
|
Housing Market Outlook 2008 - Re/MAX
Slow and steady growth forecast for residential real estate in major Canadian markets in 2008, says RE/MAX
Mississauga, ON (October 17, 2007) - After posting extraordinary gains in 2007, housing market performance will moderate in most major Canadian centres in 2008, according to a report released today by RE/MAX.
The RE/MAX Housing Market Outlook 2008 examined residential real estate trends in 18 markets across the country.
|
|
|
|
Re/MAX Condominium Report - 2007
Mississauga, ON (November 14, 2007) -- After more than three decades of slow but steady growth, the condominium concept has finally clicked with Canadian homeowners. The lifestyle has proven to be a solid investment in housing markets across the country, chalking up some of the most impressive gains in residential real estate in 2007, according to the RE/MAX Condominium Report released today.
|
|
|
|
Re/MAX Ontario Market Trends Report - 2007
Despite concerns over a higher Canadian dollar and its impact on the province’s manufacturing sector, housing markets across Ontario continue to perform above and beyond industry expectations, according to a report released today (June 21, 2007) by RE/MAX Ontario-Atlantic Canada. PDF, 19 pgs.
|
|
|
|
Special Report - Up-and-Coming Areas in GTA
Feb 22/2007 RE/MAX reports on "blue chip" returns in the GTA in 2006. PDF, 3 pages
|
|
|
|
Re/MAX 2007 - Cdn Market Outlook
House price appreciation across Canada
to slow as more listings come on stream in 2007, says RE/MAX. This report covers all of Canada's major cities. Pdf format, 14 pgs.
|
|
|
|
Cdn House Prices to Grow at 4% Annually over next 25 Years
TD Financial Group Report - sees long range trend as positive for buying into Canadian home ownership. Sept 15, 2006
|
|
|
|
What's Hot and What's Not - Oct/06
I have taken the information from the Market Watch report (above) and sorted it to see the areas of the GTA that are selling well (What's Hot) and those that are Not based on the Listings Sold in one month (October) within each of the TREB Districts. PDF, 5 pages.
|
|
|
|
GTA Detached Homes Double Digit Gains
RE/MAX press release reports excellent first half market value gain in detached homes in most areas of the GTA. Some areas very hot with growth appoaching 20% in a six-month period Jan-June , 2006 - that's 40% on annual basis!
|
|
|
|
Canada not linked to US real estate market troubles
January/2008 - The melt-down of the U.S. real estate market has left many homebuyers wondering if and how it may affect the housing market in Canada. But market analysts say the problems in the U.S. will have little impact on Canadian real estate.
|
|
|
|
GTA Return on Investment for 2007- Condominiums (RE/MAX Report)
Mississauga, Ontario (January 23, 2008) - Condominiums experienced unprecedented upward pressure on average price in 2007, surpassing gains reported in the single-detached category for the first time in key GTA districts, including the central core and west end. Includes a summary of the hottest TREB Growth areas for condos. PDF, 2 pgs.
|
|
|
|
Pricing Profile - Central Toronto
February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes to be found in Central Toronto by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some surprising low prices to be found here. Includes Central Toronto TREB map PDF, 2 pg.
|
|
|
|
Price Range (Investment Opportunities) - Central Toronto
February, 2008 (new exclusive report, only available from this website). Shows where the greatest range of price differences exist within Central Toronto based on Detached homes. This is a good indicator of investment opportunities. Buy low in an expensive neighbourhood and renovate.
|
|
|
|
Pricing Profile - Toronto East
February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes to be found in Central Toronto by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some surprising low prices to be found here. Includes Central Toronto TREB map PDF, 2 pg.
|
|
|
|
Pricing Profile - West Toronto
Pricing Profile - Central Toronto - New Exclusive Report
February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes to be found in West Toronto by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some surprising low prices to be found here.
|
|
|
|
Pricing Profile - Durham Region
February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes to be found in Durham Region by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some low prices to be found here and not always the furthest away from Toronto. Pdf, 2 pages
|
|
|
|
Pricing Profile - York Region
Pricing Profile - Central Toronto - New Exclusive Report February, 2008 (new exclusive report, only available from this website). Where are the expensive and the lowest priced homes to be found in West Toronto by type: Freehold (Detached, Semi & Town) and Condo (town, 1-Bed and 2-Bed). Some surprising low prices to be found here.
|
|
|
|
RE/MAX Decade in Review 1997 - 2007
Mississauga, ON (February 21, 2008) - Pent-up demand, population growth, tight inventory levels, and the longest economic expansion since World War II collectively fueled one of the best decades on record for residential real estate in Canada, according to a report released today by RE/MAX.
RE/MAX Decade in Review 1997 - 2007 found that major housing centres across the country experienced strong consecutive growth between 1997 and 2007. Average price spiraled upward while unit sales climbed in tandem as more and more Canadians bought into homeownership. PDF, 26 pgs. Covers all major cities across Canada. PDF, 26 pgs.
|
|
|
|
Market Watch - May,2008
May Sales at 9,411 -- Market Watch
May 5, 2008 -- TREB Members saw 9,411 sales of single family dwellings in May, TREB President Maureen O’Neill announced today. “While off last year’s pace, a 9,000 plus sales month is certainly indicative of a healthy market,” said the President. Prices trended upward on a year-over-year basis, with the overall average going to $398,148, up four per cent over the May 2007 figure of $382,787.
|
|
|
|
End Times for the Boom?
March, 2008 - Toronto Star's book review of Garth Turner's book entitled: "Greater Fool. The Troubled Future of Real Estate" .
|
|
|
|
RE/MAX Recreation Property Report - 2008
Balance returns to recreational property markets across Canada this year, says RE/MAX
Mississauga, ON (June 10, 2008) - After an extended period of extraordinary growth, more balanced market conditions have emerged in recreational property markets across the country, according to a report released today by RE/MAX.
|
|
|
|
What's Hot - What's Not - Exclusive Report for GTA
Shows you where different styles of homes (detached, semi, town and condo apt) are growing or declining in price (and by how much) based on solds in the Toronto Real Estate Board Market Watch Reports for May, 2008 - May, 2007. Pdf, 5 pages
|
|
|