Average annual price changes in Ontario and the GTA moderated considerably in
the last decade. The incredible spike in prices from the mid to late 80’s was
not in evidence before this recession. While not on this chart, prices in
January, 2009 were down about in Ontario and in the GTA. Late spring 2009 showed a strong rebound with record sales in June. Read More
GTA Resale Housing Market Posts Best June on Record
TORONTO - July 6, 2009 — In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.1
“The record result in June is testament to the fundamentally sound housing market in the GTA,” said TREB President Tom Lebour. “An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market.” The average price for June transactions was $403,972 – up by two per cent compared to the same month last year.
June 3, 2009 — In the first four months of 2009, TREB members reported 3,945 leased condominium apartments, representing a 38% increase over the 2,854 units leased during the same period in 2008. Almost 93 per cent of all residential rental transactions on the MLS® involved condominium apartments.
“The re-emergence of seller’s market conditions has exerted upward pressure on home prices,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing.”
Condo Market Action
Is a Condo a Good Investment Now?
The Condo Situation looks promising. The percentage of total sales is expected to continue rising from a quarter of sales in 2000 to 60% this year.
Condos are selling well and renting well, making them a good investment whether you’re planning on moving in or leasing out.
Read More
Housing Trends
the last decade. The incredible spike in prices from the mid to late 80’s was
not in evidence before this recession. While not on this chart, prices in
January, 2009 were down about in Ontario and in the GTA. Late spring 2009 showed a strong rebound with record sales in June.
Read More
GTA Resale Housing Market Posts Best June on Record
TORONTO - July 6, 2009 — In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.1
“The record result in June is testament to the fundamentally sound housing market in the GTA,” said TREB President Tom Lebour. “An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market.” The average price for June transactions was $403,972 – up by two per cent compared to the same month last year.
Read More
Leased Condominium Apartment Transactions Up 38%
June 3, 2009 — In the first four months of 2009, TREB members reported 3,945 leased condominium apartments, representing a 38% increase over the 2,854 units leased during the same period in 2008. Almost 93 per cent of all residential rental transactions on the MLS® involved condominium apartments.
“The re-emergence of seller’s market conditions has exerted upward pressure on home prices,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing.”
Read More