August Sales and New Listings Down, Prices Up

 Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488. “The prospect of interest rate hikes and new mortgage lending rules…

A foothold on Main Street Markham

68 Main Street Condominiums Location: Markham Builder/developer: Sierra Building Group Size: 556 to 1,700 square feet Price: mid-$200,000s to more than $1-million Sierra Building Group will present buyers with the one of the only opportunities to acquire a new luxury condominium in the historic Markham Village community at the grand opening of 68 Main Street…

Affordable units catch buyers’ eyes as second tower gains on first

Ventus 2 at Metrogate Location: Scarborough Builder/developer: Tridel Corp. Size: 483 to 840 square feet Price: $199,900 to $344,000 Since Ventus 2 blew into town last month, suites are being purchased so quickly that they are catching up to the sales figures in the previous tower launched last year. Tridel has already sold 45 per…

The condo industry’s comeback kid

It may be one of the most amazing comebacks in recent real estate history. This time last year Bazis International was perched on the edge of a financial abyss. Lehman Brothers, the giant U.S. merchant bank, had collapsed and along with it went the financial backing for Bazis’s signature condo project, 1 Bloor. A trio…

The Fountains Condos Broker/Agent Event Starts September 23

SAVE THE DATE & Live by The Fountains at Thornhill City Centre!  Liberty Development is excited to announce the date of our Special  VIP Broker Event taking place on Thursday, September 23rd. To get all the details for this exciting new project and find out how you can participate please click the links below for…

Toronto home sales down by 22%

GTA Realtors® Report Mid-Month Resale Housing Figures Greater Toronto Realtors® reported 2,623 sales through the Multiple Listing Service® (MLS®) during the first two weeks of September 2010. This represented a 22% decrease compared to the 3,361 sales recorded during the same period in 2009. Year-to-date sales amounted to 65,455, representing a six per cent increase…

Toronto real estate market slips 22%

August Sales and New Listings Down, Prices Up Greater Toronto Realtors® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by 1% year-over-year to 10,488. “The prospect of interest rate…

Toronto market down 29% in August

GTA Realtors Report Mid-Month Resale Housing Figures Greater Toronto Realtors reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent…

Canadian home sales dropping

Canada’s home sales fell in July, with Ontario and British Columbia leading the way lower as the newly introduced harmonized sales tax slowed activity in those provinces. The Canadian Real Estate Association said Monday a total of 31,536 homes were sold in July, compared with 33,836 in June. Declines in the country’s most expensive markets…

Toronto real estate market in decline

GTA Realtors Report Monthly Resale Housing Figures. Greater Toronto Realtors reported 6,564 sales in July, a 34 percent drop from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002. The level of July sales remained below the expected long-term trend.…