Archive for December, 2010

Looking Forward: What’s In Store For The 2011 Real Estate Market?

     The Toronto Real Estate Board recently weighed in with their outlook for 2011/2012 by posting the above video to their YouTube channel.  This video is the latest from TREB in a series featuring their Senior Manager of Market Analysis, Jason Mercer.

In his presentation, Mr. Mercer focuses on 3 key factors in his analysis of where we’ve been and where we’re going:

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Looking Back: The 2010 Real Estate Market In Review

 The 2010 Real Estate Market In Review Photo    

     One of my favourite Real Estate blogs, BuzzBuzzHome, posted a great recap a few days ago of all the craziness that the Canadian real estate market experienced this past year (read it here).  Looking back, there’s no doubt 2010 was a remarkably eventful year.  Here’s my own breakdown of some of the highlights:

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Toronto Real Estate Market Report: December 2010 Mid-Month Statistics

 Toronto Real Estate Market Report: December 2010 Mid-Month Statistics Photo

     Following is TREB’s market report for mid-Decemeber 2010:  Greater Toronto REALTORS® reported 2,509 sales through the Multiple Listing Service® (MLS®) during the first two weeks of December 2010.  This represented a 19 per cent decrease compared to the 3,079 sales recorded during the same period in December 2009.  Year-to-date sales amounted to 84,316 – down one per cent from the 2009 total of 84,888.

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Toronto Real Estate Market Report: November 2010 Statistics

 

     Following is TREB’s market report for November 2010:  Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.  On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.

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