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Greater Toronto, November 25, 2015 - Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market. Through the first 10 months of 2015, there were 124,123 new and resale homes sold in the GTA. A record number of sales were reported through TREB's MLS(R) system. New home sales reported by RealNet Canada Inc. (an Altus Group Company) were consistent with the 10-year average, but the mix and type of new homes being sold as well as their prices have changed. Total new home inventory levels have remained within the normal range at 26,388 homes, but more than 81 per cent of those homes are high-rise condominiums, according to RealNet Canada Inc. (an Altus Group Company). Builder inventory of new low-rise homes, including detached, semi-detached and townhomes, was at 4,980 homes at the end of October, a near record low. As of October 31, there were 10,014 low-rise properties available for sale on TREB's MLS(R) system. There were 16,079 new and 12,773 existing lowrise homes available for sale at the end of October 2005. While the supply of low-rise homes has trended lower over the last decade, demand has remained strong, pointing to more competition between buyers and very strong price growth. The average price of a new low-rise home as of October 31, 2015 was $802,376 - more than double the average price in 2005, which was $387,369. Full report attached... please download.
Great meeting tonight! Collaborative effort to keep the "Port" in Port Credit. Great working with you Dorothy Tomiuk and Chris Hamilton of BoaterSkills.ca!
Reminder: Don't Forget to Attend the Meeting Tonight at Clarke Memorial Hall The City of Mississauga is holding a community meeting to present and discuss the results of the Business Case for a future marina at 1 Port Street East. Local residents and business owners are encouraged to attend and share their thoughts on the study results.
This work will guide the City’s Master Plan for 1 Port Street East. Pre-registration is encouraged. When Tuesday, November 24, 2015 Results and Discussion – 6:30 to 9 p.m. Presentation – 7 p.m. Where Clarke Memorial Hall 161 Lakeshore Road West Mississauga, Ontario November 19, 2015 -- REALTOR.ca promotes Member listings and the value of working with a REALTOR® to millions of consumers around the world every month. This December, REALTOR.ca will introduce one of its most significant features, REALTOR.ca accounts.
REALTOR.ca account benefits include: Access your Favourites from anywhere Account users will be able to see their favourite listings from any browser they have signed in to REALTOR.ca from. Add Notes to listings to remember the things you love most Account users will have an option to add notes to listings and the ability to share their notes with family, friends and REALTORS®. Recipients will see the notes when they are signed in to their REALTOR.ca account. Save time with saved searches Increasing the number of saved searches from 5 to 50 allows signed-in users to spend less time entering search criteria and more time interacting with REALTOR® profiles and listings. Personalized experience Map or Gallery view? Metric or imperial measurements? Each signed-in user will be able to personalize their experience to make it work for them, so they can focus on what matters most – REALTORS® and their listings. What you need to know:
November 17, 2015 – Toronto Real Estate Board Members reported 3,616 sales through the TREB MLS® System during the first 14 days of November 2015. This result represented a 9.4 per cent increase compared to November 2014. Year-over-year sales growth was strong for all major market segments, with the annual rate of sales growth strongest for semi-detached houses in the TREB market area as a whole. The number of new listings entered into the TREB MLS® System by Members was also up compared to 2014, but by a lesser annual rate than sales. This suggests that market conditions remained quite tight, with inventory levels remaining low, especially for low-rise home types like detached and semi-detached houses and townhouses. Growth in the overall average price for the TREB market area over the past year remained strong, with the average for the first two weeks of November amounting to $635,440. This result represented a 9.5 per cent increase over the average price reported for the first two weeks of November 2014. Broken down by home type and geography, the strongest price growth in the City of Toronto and the surrounding regions was reported for single-detached houses. While tight market conditions and the resulting competition between buyers certainly played a key role in price growth, it is important to remember that changes in average prices can also be influenced by the mix of homes sold from one period to the next.
Future Marina at 1 Port Street to be discussed - Nov 24 at 6:30pm The City of Mississauga is holding a community meeting to present and discuss the results of the Business Case for a future marina at 1 Port Street East. Local residents and business owners are encouraged to attend and share their thoughts on the study results.
This work will guide the City’s Master Plan for 1 Port Street East. Pre-registration is encouraged. When Tuesday, November 24, 2015 Results and Discussion – 6:30 to 9 p.m. Presentation – 7 p.m. Where Clarke Memorial Hall 161 Lakeshore Road West Mississauga, Ontario To register, or for more information visit inspirationportcredit.com As a follow-up to this meeting, a two-day community workshop to help finalize the City’s Master Plan for 1 Port Street East will take place on December 2 and 3, 2015 at Clarke Memorial Hall. The route on the left, 1c, is the proposed new route down to the Lake to start construction on the Lakeview Waterfront Connection Project.
Here is what the waterfront will look like once complete. A 4.5 metre wide trail will continue from Marie Curtis Park westward. On the west side of the subject area there will be a bridge over the gap which will connect this area to Inspiration Lakeview and through to Lakefront Promenade Park. Our Waterfront area will be spectacular!
Want to know what is happening with our beautiful Lakeview Waterfront? Attend the Open house and Public Meeting on November 16, 2015
Realtor.ca is rolling out a Transit Score feature. 59% of surveyed consumers thought it valuable information when house hunting.
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AuthorIrene Owchar is a Mississauga Realtor: "I grew up in Missy, lovin' raising my kids and working in this beautiful City." CONTENT RICH NEWSLETTERS WITH CURRENT MARKET TRENDSSign up here: Irene@SoldByIrene.ca or call/text 416 523 3425
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HOME BUYER SEMINAR If you are looking to buy are would like to know more about the market, contact me for the next seminar.
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December 2018
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