Archive for the ‘Real estate market updates’ Category
New condo craze spreads northward
Posted by: Sam Reiss in Real estate industry news, Real estate market updates on August 26th, 2010
In what may be the first signal of an emerging trend, 46 per cent of high-rise unit sales in July were recorded in the 905 regions of the Greater Toronto Area.
“Toronto has consistently commanded an 80 per cent share of all high-rise sales while 80 per cent of low-rise sales have been in the suburbs. However, that balance is expected to shift as municipalities start to conform to the Greater Golden Horseshoe Growth Plan,” said BILD President and CEO Stephen Dupuis.
Toronto is now the condo capital of North America
Posted by: Sam Reiss in Real estate industry news, Real estate market updates on July 7th, 2010
Early 2010 T.O. Condo Sales Through the Roof
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news, Real estate market updates on May 4th, 2010
With 5,415 new condominium units sold in the first quarter of 2010, the Toronto real estate market has achieved a personal best, the highest-ever number of first quarter new unit sales in history.
This news was released on Monday by Urbanation, Canada’s leading condominium market research company and publisher of Urbanation’s Condominium Market Survey.
GTA new home sales up 237% from 2009
Posted by: Sam Reiss in New Homes and Condos, Real estate industry news, Real estate market updates on March 25th, 2010
What a difference a year makes!
With 3,148 new homes and condos sold in February 2010, GTA new home sales reached their highest levels since 2006. This marks an incredible 237 percent increase over February 2009 according to RealNet Canada Inc, the Building Industry and Land Development Association’s official source of new home market intelligence.
Builders working to reduce impact of HST on new home buyers
Posted by: Sam Reiss in Finance & insurance, First time home buyers, New Homes and Condos, New home builders, Real estate industry news, Real estate market updates on February 19th, 2010
The controversial new HST rules have been causing quite a stir as their July 1, 2010 implementation date approaches, and nowhere is this more evident than in the realm of the biggest of big purchases, new home sales.
The good news for most Ontario homebuyers is that because of the way the tax is structured, there will be no significant increase in cost for new homes that are priced below $400,000.
Canada home prices may rise 10 per cent in 2010: report
Posted by: editors note in First time home buyers, New Homes and Condos, Real estate industry news, Real estate market updates on December 2nd, 2009
Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday.
New home sales up 113 per cent in September
Posted by: editors note in First time home buyers, Real estate industry news, Real estate market updates on October 23rd, 2009
New home sales surged 113 per cent in the Greater Toronto Area in September, with the high-rise condo market finally coming to life to join the rally in low-rise new home sales that began earlier this year, the Building Industry & Land Development Association announced today.
There were 3,883 new homes and condos sold in the GTA in September, according to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence.
Renovation tax credit boosts home improvement projects in Canada: RBC survey
Posted by: editors note in Home decor, Home improvement tips, Real estate industry news, Real estate market updates on October 22nd, 2009
A majority (63 per cent) of Canadian renovators plan to take advantage of the federal government’s home renovation tax credit this year and close to half (47 per cent) have done more renovations because of the tax break, according to a new RBC study.
MLS home sales grow stronger in the third quarter
Posted by: editors note in New Homes and Condos, Real estate industry news, Real estate market updates, Resale homes on October 16th, 2009
CNW Telbec/ – National resale housing activity climbed to the highest level of any third quarter on record this year.
Actual (not seasonally adjusted) home sales via the Multiple Listing Service Systems of Canadian real estate boards totalled 135,182 units in the third quarter of 2009, according to statistics released by The Canadian Real Estate Association (CREA). This is the highest level of activity on record for the period from July to September. The number of transactions was up 18 per cent from the third quarter of last year, representing the biggest year-over-year increase since early 2002.
TD Canada Trust changes residential mortgage rates
Posted by: editors note in Mortgage questions, Real estate industry news, Real estate market updates on October 12th, 2009
TD Canada Trust has changed its mortgage rates, effective October 14, 2009.
The changes are as follows:
Fixed Rates To: Change:
———–
6-month convertible 4.60% N/C
1-year open 6.55% N/C
1-year closed 3.75% N/C
2-year closed 4.20% +0.30%
3-year closed 4.75% +0.30%
4-year closed 5.29% +0.35%
5-year closed 5.84% +0.29%
6-year closed 6.10% N/C
7-year closed 6.60% N/C
10-year closed 6.70% N/C
