This document summarizes a presentation by N. Barry Lyon and Jasmine Cracknell to the Toronto Condo Network on March 2nd, 2012 about the dynamics of the Greater Toronto Area condo apartment market. It includes statistics on the number of high-rise buildings and units completed since 2000, yearly new sales and resales from 2002 to 2012, sales by unit type in 2005 and 2012, and average unit sizes from 2004 to 2012. It also discusses new downtown developments in 905 municipalities, planned new office buildings and parks in downtown Toronto, transit solutions, and the future role of investors in the condo market.
- Housing sales in Toronto Central were lower in July 2011 compared to the previous year, with 409 sales and an average price of $429,415 compared to 2,924 sales and an average price of $429,623 for the same period in 2010.
- Detached homes sold for an average of $725,667, while condominium apartments averaged $411,862. The median prices were $384,900 for all home types and $369,900 for condominium apartments.
- New listings and active listings remained higher than sales in July 2011, with 751 new listings and 1,173 active listings for all home types.
Here is a great article about what constitutes Retrofit and what constitutes legal status in the City of Toronto by Carson Dunlop Consulting Engineers.
Richard Silver presented on going paperless in real estate transactions. He discussed the benefits of electronic documents and signatures for agents, teams, brokers, and associations. This includes increased accessibility, speed, being more environmentally friendly, and improved risk management. Potential concerns include security and getting all parties to adopt electronic processes. Silver recommended tools like Docusign, Instanet, Dropbox, Evernote, Dotloop, Google Drive, and The Paperless Agent to help real estate professionals transition to paperless transactions.
This document summarizes a presentation by N. Barry Lyon and Jasmine Cracknell to the Toronto Condo Network on March 2nd, 2012 about the dynamics of the Greater Toronto Area condo apartment market. It includes statistics on the number of high-rise buildings and units completed since 2000, yearly new sales and resales from 2002 to 2012, sales by unit type in 2005 and 2012, and average unit sizes from 2004 to 2012. It also discusses new downtown developments in 905 municipalities, planned new office buildings and parks in downtown Toronto, transit solutions, and the future role of investors in the condo market.
- Housing sales in Toronto Central were lower in July 2011 compared to the previous year, with 409 sales and an average price of $429,415 compared to 2,924 sales and an average price of $429,623 for the same period in 2010.
- Detached homes sold for an average of $725,667, while condominium apartments averaged $411,862. The median prices were $384,900 for all home types and $369,900 for condominium apartments.
- New listings and active listings remained higher than sales in July 2011, with 751 new listings and 1,173 active listings for all home types.
Here is a great article about what constitutes Retrofit and what constitutes legal status in the City of Toronto by Carson Dunlop Consulting Engineers.
Richard Silver presented on going paperless in real estate transactions. He discussed the benefits of electronic documents and signatures for agents, teams, brokers, and associations. This includes increased accessibility, speed, being more environmentally friendly, and improved risk management. Potential concerns include security and getting all parties to adopt electronic processes. Silver recommended tools like Docusign, Instanet, Dropbox, Evernote, Dotloop, Google Drive, and The Paperless Agent to help real estate professionals transition to paperless transactions.
The document summarizes statistics about the Indo-Canadian population in Canada. It states that the number of immigrants from India grew 74% from 2001 to 2011. Approximately 40,000 people of Indian origin immigrate to Canada annually, making up 14% of all immigrants. Over half of Indo-Canadians live in the Greater Toronto Area, with a strong presence in Brampton where they comprise a third of the population. The document also provides comparisons between population statistics in India and Canada.
This document provides guidelines and information for non-resident and new to Canada mortgage applicants. For non-resident purchases, mortgages are restricted to 65% LTV with proof of income or 80% LTV for US owners occupying. A full appraisal and documents signed in Canada are required. New to Canada applicants must have been in Canada for 3-5 years and have permanent resident status to be eligible for insured mortgages up to 95% LTV or uninsured mortgages with a minimum 35% down payment and 12 months of PIT payments available. The document was presented by Hanley Mortgage Group and Oriana Financial.
Richard Silver is a senior vice president of sales at Sotheby's International Realty Canada who leads their Torontoism team. He discussed Toronto's status as one of Canada's largest cities, with a population over 5 million, and its diverse economic sectors focused on finance, commerce, industry, tourism, arts, and sports. Toronto has many top universities and private/public schools and excellent health care/research institutions.
Richard Silver, a senior vice president at Sotheby's International Realty Canada, has extensive experience in real estate as a past director at CREA and president of the Toronto Real Estate Board. He leads the Torontoism Team which is marketing a new construction property in a neighborhood of older Victorians, where the seller wants an off market price given its location in a rougher area, though it is walkable to a business center.
Here are the slides that will be presented at the West Vancouver Sotheby's International Realty Canada office on July 8th, at 11 PM and again presented in Sarasota for Premier Sotheby's in Sarasota Florida, on September 27th and for the Realtor Association of Sarasota and Manatee on September 28th, 2016.
On December 1st, I taught a seminar about why REALTORS® should consider going paperless. The focus of the seminar was on dealing with paperless transactions, involving document creation, electronic signatures, document storage and of course, how to organize the paperless documents. PICRA stands for the PROFESSIONAL IRANIAN CANADIAN REALTOR ASSOCIATION and is a great organization that serves REALTORS in the Toronto marketplace.
A quick update on options that exist in the marketplace for going paperless and using electronic signatures in the sale of property in Ontario, Canada.
This document discusses various apps that can help real estate agents in their work. It lists apps for staying organized with documents and travel plans, signing documents electronically, managing passwords, accessing files from any device, seeing what clients are searching for, understanding client design interests, keeping up with social media, measuring listing spaces, conducting open houses, translating languages, converting currencies, making international phone calls, expanding an international client network, and maintaining a healthy lifestyle. The document promotes these apps as ways for real estate agents to work more efficiently.
Here are the February 2013 Toronto Housing Market Charts presented by the Toronto Real Estate Board which is the largest Real Estate Association in North America with over 36,000 members. Lots of homes for sale, sold and great three year history of activity!
Over the past 20 plus years I have been a big supporter of Casey House Hospice. The need has never been greater and Toronto's Casey House has come forward as an example of Community, Business and Government working together. Within this 12 page supplement there are stories that will make you laugh and make you cry. I hope you enjoy the read and if you have stories that you can share, please do so.
Yesterday early morning, there was a meeting of the Toronto Condo Network and we had a great discussion about the Toronto Condo market with Consultant N. Barry Lyons who is an expert in what is happening in the Toronto Condo marketplace.
The Hazelton Avenue Heritage Conservation District Plan area is located in the Yorkville Neighbourhood within the City of Toronto. Defined as Areas of Special Identity in the Official Plan, the significant historical and architectural character of the Yorkville Triangle and Scollard Hazelton areas, make it an important part of the City’s rich legacy of neighbourhoods.
The document summarizes housing market data for the Greater Toronto Area (GTA) in January 2013. It reports that home sales were down slightly from January 2012 with 4,375 transactions in 2013 compared to 4,432 in 2012. The average home price rose 4.3% year-over-year to $482,648. By home type, prices increased most for semi-detached homes at 6.8% while condo apartment prices declined slightly by 1.4%. Overall, the real estate market saw a positive start to the new year with modest price gains and continued competition between buyers.
Here is the most recent Rental Market report from the Toronto Real Estate Board from Richard Silver. This gives you house and condo rentals tipping mostly towards the rental market.
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
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The document summarizes statistics about the Indo-Canadian population in Canada. It states that the number of immigrants from India grew 74% from 2001 to 2011. Approximately 40,000 people of Indian origin immigrate to Canada annually, making up 14% of all immigrants. Over half of Indo-Canadians live in the Greater Toronto Area, with a strong presence in Brampton where they comprise a third of the population. The document also provides comparisons between population statistics in India and Canada.
This document provides guidelines and information for non-resident and new to Canada mortgage applicants. For non-resident purchases, mortgages are restricted to 65% LTV with proof of income or 80% LTV for US owners occupying. A full appraisal and documents signed in Canada are required. New to Canada applicants must have been in Canada for 3-5 years and have permanent resident status to be eligible for insured mortgages up to 95% LTV or uninsured mortgages with a minimum 35% down payment and 12 months of PIT payments available. The document was presented by Hanley Mortgage Group and Oriana Financial.
Richard Silver is a senior vice president of sales at Sotheby's International Realty Canada who leads their Torontoism team. He discussed Toronto's status as one of Canada's largest cities, with a population over 5 million, and its diverse economic sectors focused on finance, commerce, industry, tourism, arts, and sports. Toronto has many top universities and private/public schools and excellent health care/research institutions.
Richard Silver, a senior vice president at Sotheby's International Realty Canada, has extensive experience in real estate as a past director at CREA and president of the Toronto Real Estate Board. He leads the Torontoism Team which is marketing a new construction property in a neighborhood of older Victorians, where the seller wants an off market price given its location in a rougher area, though it is walkable to a business center.
Here are the slides that will be presented at the West Vancouver Sotheby's International Realty Canada office on July 8th, at 11 PM and again presented in Sarasota for Premier Sotheby's in Sarasota Florida, on September 27th and for the Realtor Association of Sarasota and Manatee on September 28th, 2016.
On December 1st, I taught a seminar about why REALTORS® should consider going paperless. The focus of the seminar was on dealing with paperless transactions, involving document creation, electronic signatures, document storage and of course, how to organize the paperless documents. PICRA stands for the PROFESSIONAL IRANIAN CANADIAN REALTOR ASSOCIATION and is a great organization that serves REALTORS in the Toronto marketplace.
A quick update on options that exist in the marketplace for going paperless and using electronic signatures in the sale of property in Ontario, Canada.
This document discusses various apps that can help real estate agents in their work. It lists apps for staying organized with documents and travel plans, signing documents electronically, managing passwords, accessing files from any device, seeing what clients are searching for, understanding client design interests, keeping up with social media, measuring listing spaces, conducting open houses, translating languages, converting currencies, making international phone calls, expanding an international client network, and maintaining a healthy lifestyle. The document promotes these apps as ways for real estate agents to work more efficiently.
Here are the February 2013 Toronto Housing Market Charts presented by the Toronto Real Estate Board which is the largest Real Estate Association in North America with over 36,000 members. Lots of homes for sale, sold and great three year history of activity!
Over the past 20 plus years I have been a big supporter of Casey House Hospice. The need has never been greater and Toronto's Casey House has come forward as an example of Community, Business and Government working together. Within this 12 page supplement there are stories that will make you laugh and make you cry. I hope you enjoy the read and if you have stories that you can share, please do so.
Yesterday early morning, there was a meeting of the Toronto Condo Network and we had a great discussion about the Toronto Condo market with Consultant N. Barry Lyons who is an expert in what is happening in the Toronto Condo marketplace.
The Hazelton Avenue Heritage Conservation District Plan area is located in the Yorkville Neighbourhood within the City of Toronto. Defined as Areas of Special Identity in the Official Plan, the significant historical and architectural character of the Yorkville Triangle and Scollard Hazelton areas, make it an important part of the City’s rich legacy of neighbourhoods.
The document summarizes housing market data for the Greater Toronto Area (GTA) in January 2013. It reports that home sales were down slightly from January 2012 with 4,375 transactions in 2013 compared to 4,432 in 2012. The average home price rose 4.3% year-over-year to $482,648. By home type, prices increased most for semi-detached homes at 6.8% while condo apartment prices declined slightly by 1.4%. Overall, the real estate market saw a positive start to the new year with modest price gains and continued competition between buyers.
Here is the most recent Rental Market report from the Toronto Real Estate Board from Richard Silver. This gives you house and condo rentals tipping mostly towards the rental market.
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
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2. TorontoMLS Sales
Monthly with Three Previous Years for Comparison
12,000 2009 2010 2011 2012
10,000
8,000
6,000
4,000
2,000
0
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® sales for the current year and the previous three years. The
recurring seasonal trend can be examined along with comparisons to previous years for each month.
3. TorontoMLS New Listings
Monthly with Three Previous Years for Comparison
25,000
2009 2010 2011 2012
20,000
15,000
10,000
5,000
0
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® new listings for the current year and the previous three
years. The recurring seasonal trend can be examined along with comparisons to previous years for each
month.
4. TorontoMLS Sales-to-New Listings Ratio
Monthly with Three Previous Years for Comparison
1.10 2009 2010 2011 2012
1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
Source: Toronto Real Estate Board
Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous
three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
When the SNLR moves higher, annual average price growth generally increases – often at a rate well above inflation.
When the SNLR moves lower, annual average price growth generally declines and can become negative.
5. TorontoMLS Average Resale Home Price
Monthly with Three Previous Years for Comparison
$550,000 2009 2010 2011 2012
$500,000
$450,000
$400,000
$350,000
$300,000
Source: Toronto Real Estate Board
Explanation: This chart plots the monthly MLS® average home price for the current year and the
previous three years. The recurring seasonal trend can be examined along with comparisons to previous
years for each month.
6. TorontoMLS Sales
Monthly Time Series with Trend Line
12,000
Actual MLS® Sales
10,000
Trend (12-Month Moving Average)
8,000
6,000
4,000
2,000
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown
line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other
irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
7. TorontoMLS New Listings
Monthly Time Series with Trend Line
22,000
20,000 Actual MLS® New Listings
18,000 Trend (12-Month Moving Average)
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings.
The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other
irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.
8. TorontoMLS Average Price
Monthly Time Series with Trend Line
575,000
Actual MLS® Average Price
525,000
475,000 Trend (12-Month Moving Average)
425,000
375,000
325,000
275,000
225,000
175,000
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average
price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or
other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the
trend.
9. TorontoMLS Sales-to-New Listings Ratio Compared to
Average Annual Per Cent Change in Home Price
Average Price Annual Per Cent Change
1.20 25%
Sales-to-New Listings Ratio
1.00 20%
15%
(Brown Line)
0.80
(Blue Line)
10%
0.60 5%
0.40 0%
Sales-to-New Listings Ratio -5%
0.20 -10%
Average Price Annual Per Cent Change
0.00 -15%
Source: Toronto Real Estate Board
Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per
cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in
home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change
in home prices generally trends lower.
10. TREB Affordability Indicator
Share of Average Household Income Used for Mortgage Principal and Interest,
Property Taxes and Utilities on the Averaged Priced GTA Resale Home
55%
50%
45%
40%
35%
30%
25%
Source: Toronto Real Estate Board Data and Calculation; Statistics Canada
Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities
for the average priced home in the GTA subject to the following assumptions:
1. Average annual or year-to-date home price as reported by TREB
2. 20 per cent down payment
3. Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4. Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5. Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6. Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years up to 2005) or annual growth in average weekly earnings reported by
Statistics Canada in the Labour Force Survey (2006 onward).