“…Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.”
According to recent market data, it seems that the domination enjoyed by condos has started to ease and detached homes have once again begun to rally not in terms of sales, but also in terms of rising prices.
“The condominium apartment rental market also remained quite tight in the second quarter, with average rents for one-bedroom and two-bedroom apartments increasing above the rate of inflation on a year-over-year basis. However, we have seen an acceleration in the number of units listed for rent, which has provided renters with more choice in the market place and has coincided with a slower pace of average rent growth over the past year,” said Jason Mercer, TREB’s Chief Market Analyst.
Another week’s round-up of real estate news! What is decidedly absent, or at least minimal, this week over last, is the amount of doomsday predictions and the sky is falling prognostications.
CMHC’s 2018 MORTGAGE CONSUMER SURVEY: The largest and most comprehensive survey of its kind in Canada
“Shopping for a mortgage can be overwhelming so the more information you have, the better your experience. We’ve expanded our survey to give us greater detail on what Canadians want when looking for a mortgage and how they go about the process.We also now have more insight into important groups like millennials and first time buyers. Ultimately, our hope is to help Canadians get the most out of the mortgage shopping experience.”
GENWORTH CANADA is… We Are Canada’s Largest Private Mortgage Insurer With A History Dating Back To 1995. Genworth MI Canada…
April 4 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions…
TREB’s MARKET WATCH offers up a mixed bag of good and bad statistical results for the month of January 2018.