February 8, 2012 – Canadian Real Estate Association (CREA) and five other major real estate boards including Toronto Real Estate Board have developed a new index to measure the trend in house prices and inflation in the housing market. There are a number of indices under MLS® HPI indices. This is similar to Consumer Price Index (CPI) that is a measure of consumer price inflation.Read more ...
GTA REALTORS® RELEASE MONTHLY MARKET FIGURESTORONTO, 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 types in the regions surrounding the City of Toronto.
“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver. “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.
The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.
““Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.
Source: Toronto Real Estate Board.
Canadian Third Quarter GDP grows to an annual rate of 3.5%November 30, 2011 -- Real gross domestic product (GDP) advanced 0.9% in the third quarter, after declining 0.1% in the second quarter. This is equivalent to an annual growth of 3.5%. Increased demand for exports led third quarter GDP growth.
Streetsville Santa Claus ParadeNovember 28, 2011 -- Royal LePage Real Estate Services Ltd., Brokerage Plantation ofiice in Mississauga participated in the Streetsville Santa Claus Parade on Sunday Nov. 27, 2011. The group distributed candy canes to the children and it was a huge success. Here are some of the photos captured during that parade.
Oakville's First Sophisticated Loft residenceOctober 18, 2011 - OpArt is realeasing Oakville's First Sophisticated Loft Condos to the public on a First Come First Served basis. They are offering a VIP pricing and Client Incentive program for a limited time. See OpArt Page for more details.
Consumer Price Index (CPI) rose 3.1%Date: Sept.20, 2011
The CPI rose to 3.1% for the 12 month period ending August 2011. This increase is higher than the generally expected index of 2.9.
...read full article from Statistics Canada
