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February 2012 - Posts

Latest on Canadian Housing Market
February 16, 2012 Canada Mortgage and Housing Corp. is predicting the Canadian housing market will remain fairly stable this year and next, with little change from 2011 in prices, new home construction and sales of existing homes. The national housing Read More...
Housing Crisis to End in 2012 as Banks Loosen Credit Standards
By: Krista Franks Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. Read More...
GTA Neighbourhoods: T.O. Entertainment District redux
National Post By Suzanne Wintrob If you’re tired of heading back to the ’burbs after taking in a play or a meal, developers are hoping you’ll make the Entertainment District your next permanent address. “That particular neighbourhood Read More...
Condo Market Watch: Strong Sales/Price Growth Continue in 2012
February 3, 2012 -- Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home Read More...
GTA condo sales climb 24% to record in 2011
Toronto Star A record 28,190 condos were sold across the GTA last year, up 24 per cent from the previous high set in 2007, says condo research firm Urbanation. While sales remained sky-high in the final quarter of 2011, at a record 7,226 units, the inventory Read More...
Toronto real estate: Average detached house $606,600
Toronto Star The Canadian Real Estate Association has launched a new system for tracking home and condo sales prices aimed at giving buyers and sellers a more precise picture of what’s happening right in their neighbourhoods. The new system will Read More...