Tag Archive for Tag: mortgage stress test

Tag: mortgage stress test Central Toronto Real Estate TREB Released November, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released November, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November, 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground-oriented home types, including detached houses, led the way.   New listings entered into TREB’s MLS® System in November, 2019 and the active listings count at the end of the month went in the opposite direction compared to November

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Tag: mortgage stress test Central Toronto Real Estate TREB Released October, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released October, 2019 Resale Market Figures   Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.   “A strong regional economy obviously fuels population growth. All of these new households need a place to live and many have the goal of purchasing a home. The problem is that the supply of available listings

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Tag: mortgage stress test Central Toronto Real Estate TREB Released September, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released September, 2019 Resale Market Figures   Toronto Real Estate Board published that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.   On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result.   The supply of listings continued

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Tag: mortgage stress test Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly

  Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly   The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month.   Sales in April, 2019 were the lowest in 24 years for a month that typically kicks off the busy spring homebuying season. Benchmark prices are down 8.7 per cent from their peak in mid-2018 and the number of homes sitting on the market has ballooned by nearly half, according to the Real Estate Board of Greater Vancouver.   Yet

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Tag: mortgage stress test Central Toronto Real Estate TREB Released August, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released August, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August, 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August, 2018. On a month-over-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent.   “GTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses. This reflects the

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Tag: mortgage stress test Central Toronto Real Estate TREB Released July, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released July, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.   New listings entered into TREB’s MLS® System in July 2019 were up by 3.7 per cent  compared to July 2018 and by a much lesser annual rate than sales, With annual growth in sales far outstripping annual growth in new listings, market conditions

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Tag: mortgage stress test Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures   Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June, 2019 and active listings at month-end of June, 2019 were down by 5.7 per cent.   Sales and new listings statistics for the first half of 2019 compared to first half of 2018 painted a similar story to

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Tag: mortgage stress test Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures     Toronto Real Estate Board President announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. This result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, Please note that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.   The year-over-year uptick in sales experienced so far in the second quarter of 2019 suggests that the share of likely home buyers

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Tag: mortgage stress test Canadian mortgage rates goes down to their lowest level in 2 years

  Canadian mortgage rates goes down to their lowest level in 2 years   House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business.   Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca.    Borrowers just about everywhere across the country can take their pick of offerings well below three (3) per cent at the moment, says James Laird, the site’s

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Tag: mortgage stress test Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures

  Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures   TREB announced that the Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.   New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported number for sales. This suggests that market conditions continued

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