PropertiesInStyle

propertiesinstyle — Fri, 17 Feb 2012 21:34:47 +0000

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

Toronto, February 16, 2012

– Greater Toronto REALTORS® reported 3,206 sales through the TorontoMLS® system through the first 14 days of February 2012 – up by more than nine per cent compared to the 2,933 sales reported during the same period in 2011. New listings were up by 13 per cent over the same period.

“The GTA resale home market became better supplied during the first 14 days of February. If growth in new listings continues to outstrip growth in sales this year, competition between home buyers will ease. More balanced market conditions on a sustained basis would result in a lower annual rates of price growth later in 2012,” said Toronto Real Estate Board (TREB) President Richard Silver.

The average selling price during the first 14 days of February was $491,493 – up by nine per cent compared to the first 14 days of February 2011. On average, sellers received 99 per cent of their asking price and their homes were on the market for an average of 25 days.

“Both buyers and sellers are aware of the substantial competition that exists for most listings in the GTA. There is not a mismatch in expectations, so homes sell quickly at close to the asking price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

GTA REALTORS® Report Mid-Month Resale Ho

propertiesinstyle — Fri, 17 Feb 2012 21:33:37 +0000

GTA REALTORS® Report Mid-Month Resale Housing Market Figures
Toronto, February 16, 2012 – Greater Toronto REALTORS® reported 3,206 sales through the TorontoMLS® system through the first 14 days of February 2012 – up by more than nine per cent compared to the 2,933 sales reported during the same period in 2011. New listings were up by 13 per cent over the same period.
“The GTA resale home market became better supplied during the first 14 days of February. If growth in new listings continues to outstrip growth in sales this year, competition between home buyers will ease. More balanced market conditions on a sustained basis would result in a lower annual rates of price growth later in 2012,” said Toronto Real Estate Board (TREB) President Richard Silver.
The average selling price during the first 14 days of February was $491,493 – up by nine per cent compared to the first 14 days of February 2011. On average, sellers received 99 per cent of their asking price and their homes were on the market for an average of 25 days.
“Both buyers and sellers are aware of the substantial competition that exists for most listings in the GTA. There is not a mismatch in expectations, so homes sell quickly at close to the asking price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

GTA REALTORS® Report Mid-Month Resale Ho

propertiesinstyle — Fri, 17 Feb 2012 21:33:23 +0000

Geon suggests reading this: Is a 2.99% m

propertiesinstyle — Tue, 31 Jan 2012 19:00:18 +0000

Geon suggests reading this: Is a 2.99% mortgage too good to be true? -http://bit.ly/vYVLYD via @Moneyville.ca

#propertiesinstyle.com says good read. N

propertiesinstyle — Tue, 31 Jan 2012 16:10:02 +0000

#propertiesinstyle.com says good read. No housing crash for Canada: BMO http://ow.ly/8MwKJ

In Toronto, GTA, upmarket spells highris

propertiesinstyle — Tue, 31 Jan 2012 15:30:13 +0000

In Toronto, GTA, upmarket spells highrise as single family homes become scarce – PropertiesInStyle.com: http://bit.ly/yysTv0 via @Moneyville.ca

#propertiesinstyle says a good read.Low

propertiesinstyle — Tue, 31 Jan 2012 15:05:02 +0000

#propertiesinstyle says a good read.Low interest rates may shield housing market from bubble http://ow.ly/8Mwo3

Bank watchdog targets condo speculators

propertiesinstyle — Tue, 31 Jan 2012 13:53:47 +0000

Bank watchdog targets condo speculators http://www.theglobeandmail.com/report-on-business/bank-watchdog-targets-condo-speculators/article2319905/ via @globeandmail

Great new Listing at DNA

propertiesinstyle — Thu, 19 Jan 2012 20:17:38 +0000

PropertiesInStyle has a new listing entering the market shortly at King West Village in the DNA complex. Stay tuned at PropertiesInStyle.com for all information including Virtual Tour Theatre. Should you require any ‘inside info’, Call Geon van der Wyst at 416.921.1112

Stay Tuned!!

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

propertiesinstyle — Thu, 19 Jan 2012 20:08:34 +0000

TORONTO, January 17, 2012 –

Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per cent.

“The market didn’t miss a beat after the holiday season, with robust sales growth continuing and sellers’ market conditions remaining in place. Strong competition between buyers continued to push the average selling price higher in the Greater Toronto Area relative to a year ago,” said Toronto Real Estate Board (TREB) President Richard Silver.

The average selling price during the first two weeks of 2012 was $444,473 – up by more than 8.5 per cent compared to the same period in 2011.

“Prices were up for most major home categories in the GTA in comparison to last year. The strongest price growth was for single-detached homes in the City of Toronto. The average price of singles in the 416 area code was up by 22 per cent year-over-year, pointing to a greater weighting of higher end detached homes changing hands compared to the same time last year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.