Sunday, October 21, 2012

Canada Mortgage Rates - October 2012

Current Canadian Mortgage Rates

(With last date of rate change)

Mortgage
Term
Current *
Rates (%)
Previous
Rates (%)
Change (%)Last Date
of Change
Variable2.802.600.20SEPT 20, 2012
Open5.996.30-0.31SEPT 20, 2012
1 year2.492.390.15SEPT 20, 2012
22.592.39-20SEPT 20, 2012
32.692.64.04SEPT 20, 2012
42.992.990.00SEPT 20, 2012
52.992.84.15SEPT 20, 2012
73.593.69-0.10SEPT 20, 2012
103.893.890.00SEPT 20, 2012
159.259.250.00SEPT 20, 2012
189.259.450.20SEPT 20, 2012
259.359.450.10Jan 16, 2012
HELOC3.003.00-.50SEPT 20, 2012
***All rates are subjected to change without notice*** O.A.C

Are you looking to arrange a new mortgage or renew your existing mortgage? Call us to ensure you get the best rate on the market. With access to over 70 lenders and major banks, we guarantee to find you the best rate. Call us at 416-856-5408 or email us at aprasoulis@trebnet.com.

Thursday, October 4, 2012

Commercial Market Report October 2012

October 3, 2012 -- Toronto Real Estate Board (TREB) Commercial Division Members reported lease transactions accounting for almost 3.5 million square feet of industrial, commercial/retail and office space during the Third Quarter of 2012. This result was down from slightly more than 3.7 million square feet leased in the Third Quarter of 2011.
The year-over-year change in average lease rates was mixed. Based on transactions for which pricing was disclosed, the average industrial lease rate was up compared to last year whereas average commercial/retail and office lease rates were down.
“The industrial market segment accounted for almost three-quarters of total leased space in the Third Quarter. Average lease rates were up for all industrial size categories reported by TREB. If growth in average industrial lease rates continues in the Fourth Quarter and into 2013, it would suggest that market conditions are tightening with industrial firms in southern Ontario more confident about future growth,” said TREB Commercial Division Chair Cynthia Lai.
Commercial Division Members reported 214 combined commercial sales in the Third Quarter – down 18 per cent from 262 sales during the same period in 2011. The average selling price was down for all three categories, but a comparison of transactions suggests that the decline was more the result of a different mix of property types sold this year compared to last, especially in relation to commercial/retail and office space.
“The mix of sold office space shifted towards larger properties in the Third Quarter of this year. Generally speaking, larger office properties are associated with a lower price per square foot. As a result, when larger properties account for a greater proportion of total transactions the overall average lease rate tends to dip, all else being equal,” said Lai.
“The dip in the in the average commercial/retail sale price was also driven by sales of larger properties. Last year the mix and use of larger commercial/retail properties sold dictated a higher price compared to this year. For transactions in smaller size categories, average selling prices were more comparable between 2012 and 2011,” continued Lai.
For the full report visit:

Greater Toronto Realtors October Market report

October 3, 2012 -- Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.
The number of transactions was down by 21 per cent in comparison to September 2011. However, it is important to note that there were two fewer working days in September 2012 compared to September 2011. The majority of transactions are entered on working days. On a per working day basis, sales were down by 12.5 per cent year-over-year.
“While sales have been lower due to stricter mortgage lending guidelines, we continue to see substantial competition between buyers. The months of inventory trend remains low from a historic perspective, which explains the strong price increases we are experiencing,” said Toronto Real Estate Board (TREB) President Ann Hannah.
September average selling prices were up compared to last year for all major home types. Price growth was strongest in the City of Toronto, including for condominium apartments with eight per cent year-over-year growth. All benchmark home types included in the MLS® Home Price Index (MLS® HPI) experienced year-over-year price increases, with substantially stronger increases for low-rise home types.
“Barring a major change to the consensus economic outlook, home price growth is expected to continue through 2013. Based on inventory levels, price growth will be strongest for low-rise home types, including single-detached and semi-detached houses and town homes,” said TREB’s Senior Manager of Market Analysis, Jason Mercer.

For the full report visit:
http://www.ilisttorontohomes.com/account/78ab9f8164dfd923/pdfs/sept_market_watch.pdf

Friday, August 3, 2012

Toronto Real Estate Blog: GTA Commercial REALTORS® Report Commercial Market ...

Toronto Real Estate Blog: GTA Commercial REALTORS® Report Commercial Market ...: Toronto Real Estate Board (TREB) Commercial Division Members reported almost 440,000 square feet of leased commercial space through the T...

Toronto Real Estate Blog: August 2012 Toronto Real Estate Report

Toronto Real Estate Blog: August 2012 Toronto Real Estate Report: Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011....

Toronto Real Estate Blog: August 2012 Toronto Real Estate Report

Toronto Real Estate Blog: August 2012 Toronto Real Estate Report: Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011....

GTA Commercial REALTORS® Report Commercial Market Figures


Toronto Real Estate Board (TREB) Commercial Division Members reported almost 440,000 square feet of leased commercial space through the TorontoMLS system in July 2012. This represented a 33 per cent decline compared to July 2011.
Year-over-year changes in average lease rates were mixed. Average industrial and office lease rates for transactions completed on a per square foot net basis were up compared to July 2011, whereas average commercial/retail lease rates were down.
"Despite the impact of an uncertain economic outlook on exports and business investment in Canada, we still saw a substantial amount of space leased in July. Furthermore, demand remained strong enough to prompt a year-over-year increase in the average industrial lease rate. This is especially important given that industrial lease transactions accounted for 80 per cent of leased space through the TorontoMLS system last month," said TREB Commercial Division Chair Cynthia Lai.
TREB’s Commercial Division Members also reported 56 sales in July – an increase of 14 per cent compared to 49 transactions reported in July 2011. Average sale prices per square foot were down for industrial, commercial retail and office properties.
"Average sale prices can vary substantially from one year to the next based on the composition of sales. For example, a greater share of larger office properties changed hands last month which contributed to a lower average office lease rate compared to July 2011. Larger properties tend to sell for a lesser amount on a per square foot basis," noted Lai.
View the 2012 2nd Quarter Report by clicking on the link below:
http://www.ilisttorontohomes.com/account/78ab9f8164dfd923/pdfs/june_2012_commercial_mw.pdf

August 2012 Toronto Real Estate Report

Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year.
"Very strong annual sales growth in the first half of 2012 and an earlier peak in sales this spring compared to 2011 help explain more moderate sales this summer. New mortgage lending guidelines and the additional upfront cost of the City of Toronto land transfer tax also prompted some households to put their buying decision on hold," said Toronto Real Estate Board (TREB) President Ann Hannah.
The average selling price in July 2012 was $476,947 – up by four per cent compared to July 2011. The MLS® Home Price Index (MLS® HPI)* composite index, which allows for an apples-to-apples comparison of benchmark home prices from one year to the next, was up by 7.1 per cent year-over-year.
"The GTA housing market became better-supplied in recent months. Buyers benefitted from more choice in the market place, resulting in less upward pressure on the average home price in July," said Jason Mercer, TREB’s Senior Manager of Market Analysis.
"The mix of homes sold in July 2012 versus July 2011 also appears to have changed, further influencing the average selling price. This is evidenced by the different annual rates of growth between the overall average price and the MLS HPI®," continued Mercer.
These types of market conditions are normal around this time of the year as the amount of listings on the market increases and the buyer pool for the year becomes smaller. The condo market in specific has seen a large number of new listings come on the market as new buildings start to close and investors who have bought for the purposes of resale are listing their units for sale. The month of August is usually a better month for buyers as the amount of listings are higher and demand is somewhat lower due to vacation season. There may be good opportunities on properties which have been listed for sale for some time and have not sold and sellers are starting to reduce prices, combined with this years low interest rates, this month will be a great time for buyers who are on hold to look at buying.
If you are interested in more info or would like to talk Real Estate feel welcome to contact me by email aprasoulis@trebnet.com or by telephone at 416-856-5408.
For the full report visit:
http://www.ilisttorontohomes.com/account/78ab9f8164dfd923/pdfs/august_2012.pdf

Friday, July 20, 2012

GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES

TORONTO, July 18, 2012 – Greater Toronto REALTORS® reported 3,679 sales through the first 14 day of July 2012, representing a 5.6 per cent increase compared to the 3,484 sales reported for the same period in 2011. New listings were up by 14.4 per cent over the same time frame. “Housing demand remained strong in the first half of July. Sales growth occurred in the regions surrounding the City of Toronto. In the City of Toronto, where sales were down, the relatively higher cost of home ownership likely prompted some buyers to purchase elsewhere in the GTA. Higher costs in the City of Toronto include the upfront payment of the additional land transfer tax,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price in the first half of July was $473,466 – up by 2.3 per cent compared to last year. On average, homes sold for 98 per cent of the asking price in 25 days – in line with July 2011. Price growth was strongest in the City of Toronto, climbing by 3.5 per cent to $496,645.
“A better supplied market contributed to a slower annual rate of price growth in July relative to the first half of 2012,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As buyers benefit from more choice in the second half of this year, expect price growth to slow to a more sustainable pace.”

Saturday, July 14, 2012

Toronto Real Estate Blog: Alex's July Market Update

Toronto Real Estate Blog: Alex's July Market Update: I hope everyone is enjoying the summer so far. In the past couple of weeks the market has appeared to cool down somewhat. This cool down is...

Alex's July Market Update

I hope everyone is enjoying the summer so far. In the past couple of weeks the market has appeared to cool down somewhat. This cool down is common and usually occurs around this time every year. 9,422 home sales were reported through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. Sales in the rest of the Toronto Real Estate Board (TREB) market area were comparable to a year ago.

Buyers continue to face the substantial upfront cost associated with the City of Toronto’s unfair Land Transfer Tax. Recent polling by TREB suggests that many households are considering home purchases outside of the City of Toronto to avoid paying the Land Transfer Tax. This goes a long way in explaining the disproportionate decline in sales in the City versus surrounding regions.
The average selling price in June was $508,622 – up by 7.3 per cent compared to June 2011. The mortgage payment associated with the average priced home in June, assuming five per cent down and a five-year fixed rate mortgage amortized over 25 years, would account for approximately 35 per cent of the average household’s income in the GTA after adding property tax and utility payments.
According to new mortgage lending guidelines set out by Finance Minister Jim Flaherty, the GTA housing market remains affordable. The share of the average household’s income going toward major home ownership payments for the average priced home remains below the 39 per cent ceiling recently announced by Mr. Flaherty.
The average household in the GTA continues to benefit from a considerable amount of flexibility to account for higher interest rates moving forward. I expect for the market to be a more balanced market in the second half of the year which will make it a better buying environment for buyers. With new listings increasing there will be more selection for buyers and pressure on sellers to be priced well. The low interest rates and better supply will make it an ideal buying time and I expect buyers and investors will take advantage of this.

Friday, July 6, 2012


Goverment introduces new Mortgage Rules

Effective July 9, 2012:

 

  • The Maximum Amortization Period has been reduced to 25 years from 30 years

  • Refinance Maximum Loan to Value: The maximum loan to value for 1-4 unit residential properties will be reduced to 80% from 85% 

  • The maximum purchase price or as-improved value for purchase plus improvement loans cannot exceed $999,999.99 (must be less than $1 Million)
  • Maximum Debt Service Ratio Limits (clients with beacon scores less than 680)
    • The maximum Gross Debt Service ratio (GDS) cannot exceed 35%
    • The Total Debt Service (TDS) cannot exceed 42%
  • Maximum Debt Service Ratio Limits (clients with beacon scores equal to or greater than 680)
    • The maximum Gross Debt Service ratio (GDS) cannot exceed 39%
    • The Total Debt Service (TDS) cannot exceed 44%

Thursday, June 7, 2012

Toronto REALTORS® reported 10,850 transactions through the TorontoMLS System in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto.
Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all major home types. While lower average prices are certainly one factor that has contributed to this trend, recent polling also suggests that the City of Toronto’s land transfer tax has also prompted many households to look outside of the City for their ownership housing needs.
New listings were up substantially on a year-over-year basis in May – rising by more than 20 per cent to 19,177. The average price for May 2012 sales was $516,787, representing an annual increase of 6.5 per cent compared to $485,362 in May 2011. Price growth continued to be driven by the low-rise market segment.
Low interest rates and good economic conditions in Toronto seem to be fueling the housing market. I expect for the market to sustain these sales levels throughout the rest of the year as mortgage rates are predicted to stay low.
If you have any questions or would like to chat Real Estate feel welcome to contact me.

Summary of Toronto Mls Sales and Average Prices
Sales Average price
City of Toronto (416) 4,130 $568,768
Rest of GTA (905) 6,720 $484,840
GTA 10,850 $516,787

For the full report visit:
http://www.ilisttorontohomes.com/account/78ab9f8164dfd923/pdfs/June_Market_Watch.pdf

Friday, May 18, 2012


GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, May 16, 2012 – Greater Toronto REALTORS® reported 5,142 transactions through the TorontoMLS System during the first 14 days of May 2012. This result was up by more than 14.5 per cent in comparison to the first 14 days of May 2011. The number of new listings continued to grow at a slower pace than sales – up 13 per cent year-over-year to 8,749.

"Annual growth in sales was experienced across the GTA for all major home types in the first half of May. Sales growth was strongest for the condominium apartment segment. While the condo market has generally been the best supplied market over the past year, we have continued to see enough demand to exert moderate upward pressure on average selling prices in this market segment," said Toronto Real Estate Board President Richard Silver.

The average selling price for transactions in the first 14 days of May was $517,242 – up by six per cent compared to the same period in 2011.

"A shortage of listings in the low-rise segment of the market has resulted in a lot of competition between buyers and above average annual rates of price growth. Tight market conditions are expected to remain in place for the balance of 2012," said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Wednesday, May 9, 2012

Market Remains Tight with Sales Up in April
May 3, 2012 -- Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago.
Interest in single-detached homes has been very high, both in the City of Toronto and surrounding regions. Growth in single-detached listings has not kept up with demand, which means competition between buyers in this market segment increased. With this in mind, it was no surprise that the strongest annual price increase was also experienced in the single-detached segment.
The average price for April 2012 transactions was $517,556 – up 8.5 per cent compared to April 2011. While price growth was strongest for single-detached homes, the better-supplied condominium apartment segment experienced a more moderate annual rate of price growth, at four per cent.
Monthly mortgage payments remain affordable for home buyers in the Greater Toronto Area. While interest rates are generally expected to increase over the next two years, the extent and timing of rate hikes has been thrown into question by slower than expected economic growth in the first quarter of this year. On net, borrowing costs are expected to remain a positive factor influencing home sales through 2012.
For the full report visit:
http://www.ilisttorontohomes.com/account/78ab9f8164dfd923/pdfs/market_watch_april.pdf

Wednesday, April 4, 2012

March Toronto Real Estate Report

Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS System in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011.
The market is very active right now. Affordability in my opinion is the key element which is driving the market. With interest rates at an all time low it is an ideal time to get into the market. We are experiencing a shortgage of inventory which is causing many of the listings currently on the market to sell for the asking price or more. Most of the listings which are priced well are selling in less than 10 days and for an average of 100% of asking or more. This has led to strong annual price growth well above the long-term average.
The average selling price in the GTA was $504,117 in March – up by 10.5 per cent in comparison to March 2011.
The number of new listings was up last month in comparison to March 2011. However, based on the historic relationship between price and listings, the GTA resale market should be better supplied. If competition between buyers remains as strong as it is right now, we will almost certainly see an average selling price above $500,000 for 2012 as a whole.

Tuesday, April 3, 2012

Toronto Beaches Easter Parade

Egg-citement is building again for chocolate and this years annual Toronto Beaches Lions Easter Parade.
Grab the whole family and head down early to your favorite spot along Queen St. East for the Toronto Beaches Lions Annual Easter Parade held on Sunday April 8 from 2 to 4 pm. The parade route hops from Neville Park West along Queen Street to Woodbine.
Parking is sparse in the Beach on a regular day. On parade day, leave the car at home or some distance west of Woodbine or north of Queen. From downtown Toronto, take streetcar 501 east or the Main 64 South bus from Main subway station.
A full road closure will take place on Queen Street East and parts of Nursewood Road, and Woodbine Avenue/Lakeshore Boulevard East. A number of secondary roads will also be closed or partially closed, affecting traffic flow in the area.
Road closures 10 a.m.-noon:
Queen Street East (partial road) from Munro Park Avenue to Fallingbrook Road
Noon-1:30 p.m:
Queen Street East (full road) from Munro Park Avenue to Fallingbrook Road,
Nursewood Road (full road) from Queen Street East to 24 Nursewood Road
1:30 p.m.-4:30 p.m:
Queen Street East (full road) from Woodbine Avenue to Fallingbrook Road
2 p.m.-4:30 p.m:
Woodbine Avenue (full road) from Queen Street East to Lakeshore Boulevard East
Lakeshore Boulevard East (full road) from Coxwell Avenue to Woodbine Avenue
The TTC will be re-routing buses during the event. This event will take place regardless of weather conditions. Members of the public should anticipate significant traffic delays.
The Beaches Lions Club have been holding this tradition since 1966 and now the festivities are better than ever. The 2011 parade had over 100 floats and 10 marching bands for all the viewers to enjoy so be sure not to miss this years exciting festivities!
Tell us how you enjoy the Easter Parade, share your tips & tricks for a fun filled afternoon with the kids?

Tuesday, March 27, 2012

This Weeks Economic Outlook

United States

• This week began with a sharp increase in U.S. Treasury interest rates

• However, poor purchasing manager indexes out of the euro zone and China provided a reminder of the weak health of the global recovery

• As a result, stock markets sold-off and U.S. Treasury yields went up in tandem

• The bottom line is that, even if we are not going to see 10-year yields dip below 1.7% as they did back in September of last year, this doesn’t mean that bullish sentiment has been permanently dashed



Canada



• Canadian inflation edged up in to 2.6% February compared to a year earlier. Core inflation reached 2.3%, getting somewhat closer to the top of the Bank of Canada’s inflation target. The inflation increase was largely anticipated by the market and reflected higher gasoline and food prices.


Just Listed!

152 Santamonica Blvd.

Saturday, March 24, 2012

Alex Prasoulis's Toronto Real Estate Blog: Home prices up in February but gains slowing

Alex Prasoulis's Toronto Real Estate Blog: Home prices up in February but gains slowing:   OTTAWA – March 23rd, 2012 – The MLS® Home Price Index 1 , the leading measure of Canadian home prices, continued rising in February 2012...

Alex Prasoulis's Toronto Real Estate Blog: GTA REALTORS® Report Mid-Month Resale Housing Mark...

Alex Prasoulis's Toronto Real Estate Blog: GTA REALTORS® Report Mid-Month Resale Housing Mark...: TORONTO, March 19, 2012 – During the first 14 days of March, Greater Toronto REALTORS® reported 4,215 transactions through the TorontoMLS ...

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, March 19, 2012During the first 14 days of March, Greater Toronto REALTORS® reported 4,215 transactions through the TorontoMLS system, representing a seven per cent increase compared to the same period in 2011. The number of new listings was down by two per cent year-over-year to 6,970.

“Home buyers continue to benefit from the affordable housing situation in the GTA. Immigration to Toronto and surrounding areas adds to the pool of home buyers every year. The economic and ethnic diversity found in the GTA consistently attracts newcomers and foreign investment,” said Toronto Real Estate Board (TREB) President Richard Silver.

The average selling price for transactions between March 1 and 14 was $502,155 – up by more than nine per cent compared to the first 14 days of March 2011. On average, homes sold for 100 per cent of the asking price within three weeks.

“Strong competition between home buyers in many parts of the GTA has resulted in sellers realizing their asking price in a short period of time. The fact that homes are selling for 100 per cent of the asking price, on average, suggests that sellers are very much in tune with the current market situation and know the fair market value of their home,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Home prices up in February but gains slowing

 
OTTAWA – March 23rd, 2012 – The MLS® Home Price Index1, the leading measure of Canadian home prices, continued rising in February 2012, according to statistics released today by The Canadian Real Estate Association (CREA). Year-over-year comparisons continued shrinking, providing further evidence that Canadian home price growth may be topping out.
Highlights:
  • The Aggregate Composite MLS® Home Price Index in February 2012 was up 5.1% from its year-ago level, the smallest increase since June 2011.
  • Toronto posted the largest increase (7.3%), but momentum continued fading. Price increases also moderated further in Calgary (2.5%) and Montreal (1.6%).
  • Gains decelerated in all housing categories tracked except 2-storey single family homes.
  • The Aggregate Composite MLS® Home Price Index rose 1.1% on a month-over-month basis in February 2012.
  • Prices were up most for 2-storey single family homes (1.6%), while townhouse/row and apartment units saw smaller gains (0.4% & 0.5% respectively).
The MLS® Home Price Index in February 2012 was up 5.1 per cent from levels in February 2011. The increase was the smallest since last June, and marked the fourth consecutive month in which gains slowed.
“MLS® HPI trends for February show that home price growth is generally slowing,” said Gary Morse, CREA President. “At the same time, price gains and trends differ among housing markets tracked by the index. Since all real estate is local, buyers and sellers should talk to their local REALTOR® to best understand how home price trends are shaping up where they live.”
The MLS® HPI remained above its year-ago level in all five of the markets tracked, led by Toronto (7.3 per cent). It also remains above year-ago levels in all housing categories tracked, led by two-storey single family homes (6.9%).
The MLS® Home Price Index rose 1.1 per cent in February 2012 as compared to January.
“The index typically rises in February from the previous month as demand ramps up leading into the spring housing market,” said Gregory Klump, CREA’s Chief Economist. “The monthly price increase in February this year was less than what we saw in either of the past two years, which is more evidence that the trend for Canadian home prices is slowing.”
Among housing categories tracked by the index, single family homes posted the biggest month-over-month gains in most markets, particularly in Toronto where they are in short supply relative to strong demand.
In focus: the condo apartment market
Interest in the market for condo apartment units has increased recently, particularly Toronto’s condo market. With Toronto’s year-over-year increase in the MLS® HPI for apartment units (4%) having surpassed gains in other major Canadian condo markets in February 2012, it is likely that Toronto’s condo market will remain of particular interest.
The MLS® HPI shows that price gains are decelerating for condos in Toronto. In other markets, year-over-year price gains for condo apartment units are near the overall rate of consumer price inflation. This suggests that the condo market is not overheating.
A number of new condominium apartment projects have been completed in the GTA over the past year. Some of these new units have been listed for sale, resulting in a better supplied market. The number of months of inventory for condo units in the GTA on the Toronto Real Estate Board’s MLS® System is running close to its long term average. This suggests the GTA condo market is balanced, which is consistent with moderate price growth.
The number of condo developments slated for completion annually is unlikely to result in a glut of supply relative to demand and consequent price correction. Barring an unexpected spike in interest rates, economic downturn or overly restrictive further changes to mortgage regulations, the condominium apartment market is likely to remain balanced for the foreseeable future.
For additional information, including interactive tables, please go to: www.homepriceindex.ca
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 100,000 REALTORS® working through more than 100 real es­tate Boards and Associations.
Further statistical information can be found at http://www.crea.ca/public/news_stats/media.htm.
1The MLS® Home Price Index is based on single family, townhouse/row unit, and apartment unit sales activity in Greater Vancouver, Fraser Valley, Calgary, Greater Montreal, and Greater Toronto.