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New Home Sales have dropped
New homes sales in the GTA dropped and have reached 2003 levels and appear they will drop further. New Home Sales are one of the Real Estate market Key Indicators of the trend in Real Estate.
October is experiencing the sales volumes we see in December of every year. December sales are always slow. It appears ...
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Resale Housing Market in Toronto and GTA drops to pre 2005 levels
CURRENT TORONTO REAL ESTATE MARKET STATS
Our real estate market is now:
- 18% lower than 2007 or
- 10% lower than 2006.
- 21% drop in sales in Toronto same period a year ago
- 16% drop in sales in 905 areas same period a year ago
- 11% drop in GTA sales prices: ...
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[expires:2009-12-31:Note that this information is outdated.]
Disaster is approaching!
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A combination of a strong Canadian dollar vis-à-vis the U.S. dollar and modest GDP growth will help keep Canadian interest and mortgage rates low over the remainder of this year and in 2008. One, three and five-year posted mortgage rates are forecast...(read more)
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