We can put together a real estate calendar and get a fairly good idea of what is going to happen in the Toronto real estate market, world economic crises aside. Each year the market peaks in the Spring. That’s usually the high water mark for the year. Let’s look back over the last few years an see what happened. Here are the years, the average prices of single family homes in the GTA and the month in which that occurred: 2004…..$325,501 (May) 2005…..$346,474 (May) 2006…..$366,683 (April) 2007…..$387,787 (May) 2008…..$398,687 (April) 2009…..$403,972 (June) 2010…..$446,593 (May) 2011…..$485,520 (May) 2012…..$515,809 ...
GTA Market Peaks in the Spring
November 12, 2012
Was the GTA Market Up or Down in July 2012?
August 7, 2012
Actually, that’s an interesting question. Let’s first have a look at the report just published by the Toronto Real Estate Board (TREB): GTA Home Prices Up in July TORONTO, August 3, 2012 – Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year. “Very strong annual sales growth ...
How's the Market in Toronto? (July 2012)
July 26, 2012
By Brian Madigan LL.B. You might wonder about the real estate market in Toronto. That’s the big test of the economy! If the Toronto real estate market is going well, then, so is everything else. Prices have been escalating over the past few years and the market of 2012 (January to June) was no exception. But, prices are just one measure, the real strength of the market is measured in volume, and that means the total number of sales. Let’s have a look at the sales for the last several years: 2012 ~ 51,911 2011 ~ 49,142 2010 ...