Tag Archive for Tag: Greater Toronto Area

Tag: Greater Toronto Area Toronto Real Estate TREB Published October, 2019 Resale Market Figures

  Toronto Real Estate TREB Published October, 2019 Resale Market Figures   Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.   “A strong regional economy obviously fuels population growth. All of these new households need a place to live and many have the goal of purchasing a home. The problem is that the supply of available listings is

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Tag: Greater Toronto Area Toronto Real Estate TREB Published September, 2019 Resale Market Figures

  Toronto Real Estate TREB Published September, 2019 Resale Market Figures   Toronto Real Estate Board published that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.   On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result.   The supply of listings continued to

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Tag: Greater Toronto Area Toronto Real Estate TREB Published August, 2019 Resale Market Figures

  Toronto Real Estate TREB Published August, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August, 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August, 2018. On a month-over-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent.   “GTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses. This reflects the fact

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Tag: Greater Toronto Area Toronto Real Estate TREB Published July, 2019 Resale Market Figures

  Toronto Real Estate TREB Published July, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.   New listings entered into TREB’s MLS® System in July 2019 were up by 3.7 per cent  compared to July 2018 and by a much lesser annual rate than sales, With annual growth in sales far outstripping annual growth in new listings, market conditions clearly

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Tag: Greater Toronto Area Toronto downtown is benefiting from ‘Hyper-concentration’ of knowledge jobs in an economic shift

  A fundamental economic shift is Toronto downtown is benefiting from ‘Hyper-concentration’ of knowledge jobs in an economic shift as traditional manufacturing employment evaporates across much of southern Ontario, a new report warns, and the trend has major ramifications for public transit and land-use planning.   The study, released days after General Motors announced the shutdown of its assembly plant in Oshawa, Ont., says the lopsided job growth is a permanent change, not a cyclical pattern. It warns Toronto’s transit system will be placed under further strain. The report also argues smaller communities outside the city should seek to attract the

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