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Tag Archives: Residential Land Sales

TRREB RELEASES JUNE RESALE HOUSING MARKET REPORT

For a breakdown of TRREB’s MLS® System housing figures for May, including sales, prices, and condo apartment rental transactions,  view the latest Market Watch by the numbers report, housing market charts and info-graphic here.

TRREB RELEASES JUNE RESALE HOUSING MARKET REPORT

Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for JUNE 2020:

TRREB MLS® System Sales and New Listings

  • Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.
  • Year-over-year growth in sales was reported in some areas and market segments. Especially notable were the detached and townhouse market segments in the GTA regions surrounding the City of Toronto.
  • The MLS® Home Price Index Composite Benchmark was up by 8.2 per cent year-over-year in June. The average selling price for all home types combined was $930,869 – up by 11.9 per cent compared to June 2019. The actual and seasonally-adjusted average selling price was also up substantially compared to May 2020, by 7.8 per cent and 9.8 per cent respectively.
  • Average and benchmark selling prices were up year-over-year for all major home types. The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3 per cent and 22 per cent respectively. This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the
  • higher-end market segments.

DOWNLOAD YOUR COPY OF THE COMPLETE RELEASE TODAY

Read the complete Market Watch Report for June 2020 here, a quick overview here.

The Time is Now: Planning for Growth in the GTA

This year’s report is now available and  subtitled “The Time is Now” explores some of the most important market issues affecting our industry today.

Backed with hard data from TREB and our partners, flip page to page and discover groundbreaking research that addresses the increasing population across the GTHA and tackles the ongoing demand for housing.

A MUST-READ: TREB’s 2020 Market Year in Review & Outlook Report

Some of the exciting content and topics you can read about in this year’s report include:

Market Year in Review & Market Outlook:

2019 Year in Review – includes a review of TREB MLS® System statistics and TREB-commissioned Ipsos surveys of homeowners and recent buyers.

2020 Market Outlook – features a forecast of the year to come, including an outlook of sales, listings and home prices.

The Rental Market – understand rental market conditions and a sense of the rental market moving forward.

New Home and Residential Land Sectors – discover research from Altus Group that dives deep into new home sales and residential land sales.

The Commercial Market – uncover hard data on commercial property sales and commercial leasing that stretches from industrial, to office and retail spaces.

Policymakers on Solutions for Population Growth – hear from policymakers and their approach to managing population growth, including contributions from the Minister of Municipal Affairs and Housing Minister, City of Toronto Mayor John Tory, and several other GTA big city mayors and regional chairs.

Future of Transportation Infrastructure in the Greater Toronto Hamilton Area – research from the Canadian Centre for Economic Analysis that offers a review of current transportation challenges across the GTHA, as well as suggested solutions.

Transit-Supportive Development Along Bus Corridors – the Pembina Institute presents research on transit-supportive development and the interplay of housing diversity and ideas on increasing housing supply.

Future GTHA Economic Growth and Housing Affordability – research from Ryerson University’s Centre for Urban Research and Land Development that offers a perspective on the GTHA’s growing economy and housing affordability challenges.

DOWNLOAD YOUR COPY AND JOIN THE DIALOGUE TODAY

This is TREB’s fifth annual Market Year in Review & Outlook Report, and each year it proves to be a resourceful tool that allows you to engage in discussions with colleagues and clients on pressing topics related to our industry.

DOWNLOAD THE REPORT HERE

Most of Canada’s housing market likely to be fertile ground for bidding wars in 2020

Looking for a home to buy in 2020? You may find lots of competition and not a lot to choose from.

Canadians hoping to buy a house in 2020 better brace themselves for limited choice and plenty of competition, the latest housing market data suggests.

While conditions remain ho-hum in the Prairies and Newfoundland and Labrador, in the rest of the country, there are plenty of buyers and not much for sale.

A lack of housing supply would be “the story” for 2020, the Canadian Real Estate Association (CREA) warned in its housing market forecast in mid-December.

The latest national statistics, released by CREA Jan. 15, seemed to confirm the trend. The number of existing homes available for purchases was at a 12-year low in December, the association said.

READ MORE: Canada’s home prices rise 9.6 in December compared to a year ago, sales up almost 23%

The issue has been long in the making, according to CREA senior economist Shaun Cathcart.