Toronto Commercial Real Estate Blog

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 ...

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: ...

Recession is here! (We will refer to it as the 'R' word because it is a bad word to say). THE PROBLEM We are looking at a "severe and virtually unprecedented blow to the financial system". We were all thinking this is a housing bubble but the real problem and origin was the credit bubble that was developing since 2000. Policy ...

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)