Archive for December, 2011

What’s In Store For The 2012 Real Estate Market?

Last month, the Toronto Real Estate Board posted the above video to their YouTube channel. In the video, Senior Manager of Market Analysis, Jason Mercer, takes a look back at the 2011 real estate market and a look forward to what we can expect in 2012. Warning: the video is over 25 minutes long! Not to worry – I sat through the entire thing myself and have summarized the main points below (you’re welcome).

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Happy Holidays!

By on December 26, 2011 in Condos/Lofts, Events, Houses with 0 Comments

Happy Holidays Photo

I’d like to wish all of my loyal blog readers, clients, family and friends a safe and happy holiday season.

Happy Holidays everyone!

If you’re thinking of splurging on a new home this holiday season and would like to know how I can help, feel free to contact me for more info.

Toronto Real Estate Market Report: December 2011 Mid-Month Statistics

Toronto Real Estate Market Report: December 2011 Mid-Month Statistics Photo

Following is TREB’s market report for mid-December 2011: Greater Toronto REALTORS® reported 2,699 transactions through the TorontoMLS® system during the first 14 days of December. This result was 11 per cent above the number of transactions recorded during the same period in 2010. On a year-to-date basis, sales amounted to 87,407 – up 4.3 per cent compared to 2010.

“We have had the second best year on record for transactions under the current Toronto Real Estate Board boundaries. Households have continued to take advantage of affordable home ownership options across the diverse array of housing types available in the Greater Toronto Area,” said TREB President Richard Silver.

Toronto Real Estate Market Report: November 2011 Statistics

Following is TREB’s market report for November 2011:  Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.

“We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the Greater Toronto Area,” said Toronto Real Estate Board (TREB) President Richard Silver. “The market has also become better supplied, with annual new listings growth outstripping that of sales. As this trend continues into 2012, we will see more balanced market conditions.”

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An Upgraded Version Of Realtor.ca Is Now Available!

An Upgraded Version Of Realtor.ca Is Now Available! Photo

There are a number of websites available that allow the public to search for properties currently listed for sale.  Many of these websites belong to real estate agents (take my website, for example).  Some belong to real estate brokerages (check out my brokerage’s site here).  And then there are sites like Zillow.com (in the states) and Zoocasa.com (here in Canada).

Probably the best known and most widely used of these public sites is Realtor.ca (formerly mls.ca).  If you’ve used the site before, you know that it does have some limitations… Having said that, a handful of useful upgrades to the site were released on November 29th.

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