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GTA Home Market Watch – March 2012

You thought March 2011 GTA resale market was hot?  Well then March 2012 was on fire with over 8% increase in sales over March 2011.  Incredible mortgage offers such as 2.99% for 4/5 years fixed offerings by several Canadian banks helped fuel this growth along with lack of overall inventory pushing the average sale price

GTA Home Market Watch – February 2012

As we have witnessed in the past months, the low listing inventory kept the Buyers competing to buy a home in February.  Low mortgage rates along with 2.99% (4-5 year fixed) rates specials kept the Buyers in an upbeat mood.  The market and prices might stabilize once there is an increase in home inventory coupled

GTA Home Market Watch – December 2011

2011 ended being the second best year on record for resales (within current TREB boundaries).  The total number of transactions was lower than other months in 2011 but that is expected in December as everyone is busy with holidays and family events, not to mention Boxing day sales.  Increase in average sales price strongly supports

GTA Home Market Watch – November 2011

The GTA real estate market has continued solid growth throughout 2011 and November 2011 is no exception.  The November resale sales numbers indicate the continued strong demand by Buyer’s encouraged by low interest rates.  Bank of Canada once again left the overnight lending rate unchanged amid global economic concern. Here are the key numbers for November 2011: November 2011 MLS

GTA Home Market Watch – October 2011

October 2011 had a good showing as we get into cyclical slower period of real estate towards year-end.  Sales and average sales price were up year-on-year for October.  It still remains a Seller’s market in most areas but Buyer’s are getting more listings to choose from.  Both of these indicators signal to a balancing market.

GTA Home Market Watch – September 2011

Even the damp global economic outlook could not keep September from a continuing the positive sales trend from previous months.  Low inventory and attractive interest rates kept upwards pressure on sale prices. Here are the key numbers for September 2011: September 2011 MLS sales: 7658* (up 25% from September 2010) September 2011 Avg sale price: $465,359* (up 9% from September 2010)