Wednesday, September 15, 2010
GTA more homes on market and number of sales down housing market indicators
that the number of sales is down by about 22%, the number of active listings
is up by 25% and both of these indicate that there is far greater inventory
on the GTA market this August compared to August of 2009
Tuesday, September 14, 2010
TREB MLS new listings monthly time series with trend line
The blue line shows the actual new listings on the market.
The brown line is the trend computed using a 12 month moving average, which
exhibits no seasonal variations or other irregular fluctuations. A
substantial change in actual new listings must occur to change the direction
of the trend.
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Monday, September 13, 2010
TREB MLS Average resale home price monthly with three previous years for comparison
the previous three years. The recurring seasonal trend can be examined
along with comparisons to previous years for each month.
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thursday, September 09, 2010
TREB MLS Sales monthly time series with trend line
the actual sales. The brown line is the trend computed using a 12 month
moving average, which exhibits no season variations or other irregular
fluctuations. A substantial change in actual sales must occur to change the
direction of the trend.
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Wednesday, September 08, 2010
GTA Average Real Estate Prices and Activity for August 2010
indicates a 'normal' amount of activity and price drop for the month of
August.
All the best!
Mark
GTA REALTORS(r) Report Monthly Resale Housing Figures
TORONTO, September 3, 2010 ‐ Greater Toronto REALTORS(r) reported 6,232
sales through the Multiple Listing Service(r) (MLS(r)) in August 2010.
This represented a 22 per cent decrease compared to the 8,035 sales recorded
during the same period in 2009. New listings decreased by one per cent
year-over-year to
10,488.
"The prospect of interest rate hikes and new mortgage lending rules
prompted some households to purchase a home sooner than they otherwise would
have this year. The
result has been a larger than normal dip in sales over the summer months.
With this said, it is important to recognize that sales on the year were
eight per cent higher than
in 2009," said Toronto Real Estate Board President Bill Johnston.
The average price for August transactions was $411,012 - up six per cent
compared to the average of $387,921 reported in August 2009.
"Market conditions have remained tight enough to support higher home prices
in comparison to last year. Under current mortgage lending standards, a
household earning the average income in the GTA can comfortably afford the
mortgage payments on an average priced home. Market conditions and the
affordability picture would have
to change dramatically before a sustained drop in the average selling price
would take place," said Jason Mercer, TREB's Senior Manager of Market
Analysis.
Tuesday, July 06, 2010
GTA Real Estate market is steady!
Market More Balanced in JuneJuly 6, 2010 --
Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009.
Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.
"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston.
"The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."
The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.
"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "
The annual rate of average price growth in the second half of 2010 will be in the single digits."Median PriceIn June, the median price was $367,750, from the $345,000 recorded during June of 2009.
For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com
Tuesday, June 08, 2010
TREB GTA Real Estate reports that May 2010 Sales Remain High
The number of transactions in May slowed compared to previous months, but
average price was still up compared to previous month, to $446,593
More details to come!
Mark
May Sales Remain High
June 3, 2010 -- Greater Toronto REALTORS(r) reported 9,470 sales through the
Multiple Listing Service(r) (MLS(r)) in May, representing a one per cent dip
from May 2009. In comparison to previous years, this was the third highest
May sales result on record.
"The pace of transactions slowed in May following record-setting sales in
February, March and April," said Toronto Real Estate Board President Tom
Lebour. "Buyers who otherwise would have been purchasing a home in May moved
more quickly this year, likely to get ahead of mortgage rate hikes."
New listings were up 38 per cent annually to 18,940. The average price for
May transactions was $446,593 - up 13 per cent compared to the average of
$395,609 recorded in May 2009.
"The gap between listings and sales has widened, which means there is more
choice for buyers," said Jason Mercer, TREB's Senior Manager of Market
Analysis. "The annual rate of price growth will slow in the second half of
2010, from the current double digit pace into the single digits."
Friday, May 28, 2010
TREB Average and median single family residential prices from 2000 to 2010, showing a regular increase for each year
Wednesday, May 26, 2010
West zones real estate marketplace sales to active listings ratio, showing that the ratio is falling
Monday, May 24, 2010
Number of days on the market is low for the past 3 months compared to previous 9 months for the west zones in the GTA real estate marketplace
Friday, May 21, 2010
GTA residential real estate breakdown of detached, semi detached, townhomes, condos etc and their percentage of the market sales
For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com
Wednesday, May 19, 2010
GTA average number of single family residential real estate sales is stabilizing
Monday, May 17, 2010
Residential real estate market in GTA shows volume of sales is up, new listings are up more, so the market is softening
Friday, May 14, 2010
GTA real estate marketplace number of active listings on the market
For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com
Wednesday, May 12, 2010
Average single family residential price changes from January 2009 to April 2010
Monday, May 10, 2010
Single family average residential real estate prices in the GTA
Sunday, May 09, 2010
TREB reports sales volume and prices up in April 2010
up about 34% compared to the same month last year.
GTA REALTORS(r) Report Monthly Resale Housing Figures
TORONTO, May 5, 2010 - Greater Toronto REALTORS(r) reported 10,898 sales
through the Multiple Listing Service(r) (MLS(r)) in April, representing a 34
per cent increase compared to April
2009. There were also 20,683 new listings in April - a 59 per cent annual
increase. Both the sales and new listings results amounted to new records
for the month of April under the
current Toronto Real Estate Board (TREB) boundaries.
"The GTA resale market is functioning properly. Sales were high as buyers
continued to take advantage of affordable home ownership opportunities.
Listings grew as home owners reacted
to strong sales and price growth," said Toronto Real Estate Board President
Tom Lebour.
More balanced market conditions will result in sustainable rates of annual
price growth in the second half of 2010."
The average price for April transactions was $437,600 - up 13 per cent
compared to the average of $385,641 recorded in April 2009.
"Home sales continue to be driven by many different segments of the market,
with sales growth for all major home types in both the City of Toronto and
surrounding 905 regions," said Jason Mercer, TREB's Senior Manager of Market
Analysis. "Home sales will remain strong in the second half of 2010, but
will slip from the current record pace as borrowing costs rise."
Wednesday, April 21, 2010
Number of sales in the GTA is dramatically increased compared to the same period last year
You will also note that the average days on the market is half of what it was a year ago, again, this indicates that the market is very fast right now.
All the best!
Mark
For more information please contact A. Mark Argentino
A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com
Wednesday, April 07, 2010
Tuesday, April 06, 2010
March Real Estate Resale Market Figures for the GTA, Toronto and Mississauga
All good news for sellers. Buyers are still finding it difficult to find a home because of multiple offers on most listings.
The entire report is below.
All the best,
Mark
Greater Toronto REALTORS(r) report March Resale Market Figures
TORONTO, April 6, 2010 - Greater Toronto REALTORS(r) reported 10,430 sales through the Multiple Listing Service(r) (MLS(r)) in March, pushing total first quarter 2010 sales to
22,418 - the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948.
"The strong rebound in the existing home market was one of the initial drivers of economic recovery," said TREB President Tom Lebour. "While we don't expect to see the same rates growth moving forward, GTA households will remain confident in ownership housing as a quality long-term investment, especially as economic recovery expands across all industries."
The annual rate of growth for new listings continued to accelerate in March.
The number of new listings grew by 42 per cent compared to March of 2008.
"The average home price in the GTA will continue to grow this year, but the pace will slow as we move through the spring," said Jason Mercer, TREB's Senior Manager of market Analysis. "As growth in new listings starts to outstrip growth in sales, buyers will experience
Mark