The article below is the TREB President’s Column that appears every Friday in the Toronto Sun’s Resale Homes and Condos section. This weeks article explains how the MOI indicator, Months of Inventory indicator that was recently introduced, reflects current market conditions and what expectations can be for the year ahead….
Canadian Resale Home Sales Edge Higher in November
December 15, 2011 by Leave a Comment
The Canadian Real Estate Association released their Resale Housing Activity numbers for the month of November today. The numbers are up again with Gregory Klump, CREA’s Chief Economist noting, “current trends for resale housing and new home construction suggest that tightened mortgage regulations are working as intended and fostering economic…
Market Report: November Mid-Month Resale Housing Market Figures
November 17, 2011 by Leave a Comment
The resale market figures, from the Toronto Real Estate Board, for the first two weeks of the month are in. The GTA saw a 13% increase in the number of transactions completed, a 16% increase in new listings, and a 10% increase in average selling price during this period compared…