2016 - Toronto Realtors Team - Commercial and Residential Real Estate Listings in Toronto MLS - Royal LePage

TorontoRealtorsTeam.com

TREB March 2016 Market Stats

Yet another record breaking month

April 6, 2016-
TREB’s March stats are in and a record number of home sales were recorded for the first quarter of 2016! The year-over-year growth rate for sales was 15.8 percent for Q1 2016 and 16.2 percent for the month of March. Double-digit year-over-year rates of sales growth were experienced for all major home types during the first quarter.

Do you want to know how the market effected your property value?

Contact us with any questions .....

February 2016 set another record!

TREB February 2016 Market Stats

Mar. 8, 2016 - 

TREB’s February stats are in and a record number of home sales were recorded ! There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015.

Do you want to know how the market effected your property value?

Contact us with any questions .....

Strong start to 2016!

The Toronto real estate market is hotter than ever

Feb. 4, 2016 - 

TREB’s January stats are in and the 4,672 residential transactions represent an 8.2 per cent increase compared to January 2015. The average selling price over the same period was up by 14.1 per cent compared to 2015.

Do you want to know how the market effected your property value?

Contact us with any questions .....

The Ontario Home Ownership Index

(source: www.orea.com/Buyers-and-Sellers/Ontario-Home-Ownership-Index)

What do Ontarians really think of the current real estate market? OREA has partnered with global research firm, Ipsos Reid, to develop The Ontario Home Ownership Index, revealing the latest market outlook and home ownership trends.

Local real estate markets are stronger than one year ago, say a growing number of Ontarians.

Contact us for an up-to-date evaluation of your property.

Bank of Canada announcement

The decision

Jan. 20, 2016 - So after all this waiting, and all of the "buzz-buzz" around it, finally  the Bank of Canada decided that it will maintain its target for the overnight rate at 1/2%.

“Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target range as the disinflationary effects of economic slack and low consumer energy prices are only partially offset by the inflationary impact of the lower Canadian dollar on the prices of imported goods,” the Bank of Canada said earlier today.
“... the Bank expects inflation will rise to about 2 per cent by early 2017. Measures of core inflation should remain close to 2 per cent.”

“The Bank now expects the economy’s return to above-potential growth to be delayed until the second quarter of 2016” .... “The protracted process of reorientation towards non-resource activity is underway, helped by stronger U.S. demand, the lower Canadian dollar, and accommodative monetary and financial conditions.”

“The Bank projects Canada’s economy will grow by about 1 1/2 per cent in 2016 and 2 1/2 per cent in 2017. The complex nature of the ongoing structural adjustment makes the outlook for demand and potential output highly uncertain,” the BoC said.
“The Bank’s current base case projection shows the output gap closing later than was anticipated in October, around the end of 2017. However, the Bank has not yet incorporated the positive impact of fiscal measures expected in the next federal budget.”

Contact us with any questions regarding the implications between interest rates and your property.....