Friday, February 25, 2011
TREB Affordability Indicator Share of Average Household Income Used for Mortgage
1.Average annual or year-to-date home price as reported by TREB
2.20 per cent down payment
3.Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4.Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5.Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6.Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years upto2005) or annual growth in average weekly earnings reported by Statistics Canada in the LabourForce Survey (2006 onward).
Source: Toronto Real Estate Board Data and Calculation; Statistics Canada TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home
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
Thursday, February 24, 2011
TREB Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home PriceSales-to-New Listings Ratio Average Price Annual % change
Average Price Annual Per Cent Change(Brown Line)Sales-to-New Listings Ratio(Blue Line)Source: Toronto Real Estate BoardTREB MLS®
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, February 23, 2011
Average Price Monthly Time Series with Trend Line Actual MLS® Average PriceTrend (12-Month Moving Average) Toronto Real Estate Board TREB MLS®
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, February 22, 2011
New Listings Monthly Time Series with Trend Line Actual MLS® New ListingsTrend (12-Month Moving Average) TREB MLS®
Source: Toronto Real Estate Board
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
Monday, February 21, 2011
Monthly Time Series with Trend Line Actual MLS® SalesTrend (12-Month Moving Average) TREB MLS® Sales
Source: Toronto Real Estate Board
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
Sunday, February 20, 2011
TERB Average Annual and Median Prices back to 2001
Saturday, February 19, 2011
Housing Market Indicators, Sales, new listings, active listings and days 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
Friday, February 18, 2011
Toronto Real Estate Board TREB MLS® Average Resale Home Price Monthly with Three Previous Years for Comparison
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
Thursday, February 17, 2011
Prices up Number of sales down in GTA real estate marketplace for mid February 2011
Bottom line: We need more listings on the market!
See the mid month report from TREB below.
All the best,
Mark
GTA REALTORS(r) Report Mid-Month Resale Housing Market Figures
TORONTO, February 17, 2011 -- Greater Toronto REALTORS(r) reported 3,084
sales during the first two weeks of February 2011 - a 13 per cent decrease
compared to the first two weeks of February 2010.
"We are on pace for a strong sales result in February, but transactions will
come in lower than the record result reported last February. Sales remain
strong because the GTA resale market contains a diversity of housing types
catering to a wide array of home ownership needs," said Toronto Real Estate
Board (TREB) President Bill Johnston.
The average price for transactions during the first 14 days of February was
$451,257, representing a five per cent increase compared to the first two
weeks of February 2010.
"Average selling price growth for existing homes is expected to range
between three and five per cent this year. Tighter market conditions over
the last four months have pushed price growth to the top end of this range,"
said Jason Mercer, TREB's Senior Manager of Market Analysis.
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com
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By 2020 Average GTA house prices could be $638,000!
This graph shows the actual increase in residential sale prices in the GTA and the estimated prices based upon a 4% annual increase.
Current Average price for a single family home in the GTA is $427,000
Estimated average price by year 2015 is $525,000!
By 2020 average price estimate is $638,000!
Of course these are only estimates, but it shows that if the current trend continues prices will be well over $600,000 by 2020
Read more about this
Enjoy,
Mark