Number of new listings on TREB flattening

TREB statistics show a definite flattening of the number of new MLS listings over the last number of quarters at just under 14,000 listings. This shows the current lowering of  of volume is a natural result of this  flattening of the new listings. Overall this has left. Decrease in effective homes for sale while the number of actual sales has stayed strong.  Pair the above observation with the continuing higher average sales price and you can see demand is strong. There is a very simple correlation between supply and demand. When supply goes down and price goes up, simple economics supply and demand theory states we have a strong market.  So do not expect a large drop in prices due to the pent up demand that is still evident in our Toronto and Area market.

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Find a Home the Legacy Way

Finding a home could never be easier when you visit the web portal of RE/MAX Legacy Realty Inc. Find a home, Find a RE/MAX Realtor, find out how to buy and sell real estate the RE/MAX Legacy way. Check out some of great listings at this site which includes over 70% of all of the MLS listings available in the Greater Toronto Area. You may even find many international properties of interest from our International Real Estate Specialists IRES. So come visit the online home of Mississauga's fastest growing Real estate brokerage, RE/MAX Legacy Realty Inc.

Good Start to 2011 states Toronto Real Estate Board Market Watch

TORONTO, February 4, 2011 -- Greater Toronto REALTORS® reported 4,337 transactions through the orontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.
“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.
The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010. “The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Urbanation Reports Slower New Condo Sales in Q2 2010 in Toronto

Urbanation tracks the entire Toronto CMA condominium market—new, resale and future development—providing detailed analysis of sales, pricing and potential new projects on a quarterly basis.


Sales activity in the Toronto CMA condominium apartment market eased in Q2-2010 with 4,991 sales, an 8% decline over the first quarter, the first time since 1994 that Q1 sales have been higher than in Q2. Despite the quarterly decline the market over the past 12 months has sold 21,318 units, comparable to the 22,654 sales that occurred in record-breaking 2007. 272 projects were active across the Toronto CMA in Q2-2010.



The resale condominium apartment market set a market first in Q2-2010 with resales exceeding 5,000 units. The 5,076 resales in the Toronto CMA in Q2-2010 was yet another record high for existing condominium apartment sales, an increase of 18% over Q1-2010.



A record number of resale listings leading at the end of the first quarter, at 10,997 listings, were instrumental in stabilizing pricing in the resale market in the second quarter, when the average resale unit sold for $370 psf, a $1 psf increase over Q1-2010. Strong demand absorbed much of the record supply levels as listings declined 21% in Q2-2010 to 8,714 units. The flush supply conditions met the increased demand for resale units in Q2-2010 while allowing buyers greater choice and pricing stability. Annual price inflation for the resale market; however, remains 13% higher than in Q2-2009, when the average resale unit sold for $326 psf.

Urbanation publishes their “Condominium Market Survey” quarterly, see details below:

A subscription to Urbanation ($8,300 annually) includes 1 quarterly hard copy report (4 annually); the 400 page document includes: 15+ pages of analysis, 20+ pages of resale info, 25+ pages on future condominium projects (from application to launch), and 250+ profile pages on new condominium projects. All the data in the hard copy is available online and can be accessed via convenient searches. Urbanation also sends out “UrbanAction reports” which are emailed between the quarters and highlight newly launched projects. Urbanation also does 1 yearly market presentation at your office, summarizing the conditions of the condominium apartment market.

Contact myself, or Ben Myers, Urbanation Executive Vice-President and Editor, today for more info on Urbanation’s products and services.

Successful Real Estate Teams in Toronto Need Leadership

Are you a team leader? Or are you thinking of forming a team? If so, take a look at his RE/MAX University video by Ken Goodfellow, "High-Performance Team: Part 2." Goodfellow, one of the real estate industry's leading coaches, shows you what it takes to build a great team: setting high standards and holding team members accountable; determining your strengths and weaknesses; defining team roles; and celebrating accomplishments.
RE/MAX University, which is free to RE/MAX Associates, features more than 1,000 video segments covering every facet of real estate productivity. Give me a call if you'd like to explore the business-building benefits of RU further.

Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
416-937-0367

RE/MAX Coaching and Mentoring Network

RE/MAX believes that a great Mentor is better positioned than a trainer to assist a real estate agent excel with their career. Qualifying as a RE/MAX Mentor involves a certification process that is backed up by the most professional brand in the industry. Continuous education and development are the disciplines that RE/MAX Mentors take seriously. Having a knowledgeable, experienced and committed individual on your side will create the most meaningful experience and the most extraordinary results.
Mentor Programs with RE/MAX Professionals are as follows:
- RE/MAX Professionals @Impact Mentor
- Succeed
- Buffini and Company, 100 Days to Greatness (RE/MAX Edition)
- Ultimate Agent
- Richard Robbins International RE/MAX Masters Edge

Coaching is essential for any agent, especially in the busy Toronto and Mississauga real estate market place, if an agent wants to be the best they can be. We all encounter and experience life in different ways daily and by sharing these experiences wit ha coach we are able to receive feedback that is relevant and useful. A great coach will probe and ask questions that will help produce a deeper and more meaningful understanding of these experiences and help guide actions to achieve optimal results.
The guidance that a coach brings to a coaching relationship encourages and supports the agent's object rives ans assists in unlocking potential, and thereby can create astounding results.
Coaching opportunities for agents are many and varied. RE/MAX Professionals Inc. is pleased to endorse the following:
- Brian Buffini The Buffini Group
- Ken Goodfellow - CKG International
- Richard Robbins - Richard Robbins International
- Derek Levitt - RE/MAX Professionals.

Greater Toronto REALTORS® report March Resale Market Figures

April 6, 2010 -- Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948.

Click here for complete Market Watch. http://www.torontorealestateboard.com/consumer_info/market_news/mw2010/pdf/mw1003.pdf

Toronto Real Estate Board Commercial Members report strong January

February 18, 2010 -- Last month, TREB Commercial Members reported 660,815 square feet of leased space. This result was a substantial increase compared to the 336,029 leased square feet recorded in January of 2009, when the rate of economic decline was greatest during the recent recession.http://www.torontorealestateboard.com/consumer_info/market_news/news2010/pdf/nr_comm_watch_0110.pdf

RE/MAX Toronto Home Show

RE/MAX sponsors 2010 Toronto Homeshow. Ask your RE/MAX agents for details!

Teranet Data Proves Toronto Property Has Been Great Investment

Teranet data shows Toronto residential real estate investment up over 18% since mid 2005. Wow! Great Investment!
http://www.torontorealestateboard.com/consumer_info/market_news/news2010/pdf/nr_mid_month_0110.pdf

Toronto Real Estate Board Reports Strong Early January Activity

Mid-month January Toronto real estate sales were great. What about month end?http://ping.fm/MIjmi

Economic activity in Toronto Ready to Improve States Toronto Real Estate Board

Renewed economic growth suggests that commercial real estate situation to
improve in 2010 states Toronto Real Estate Board http://ping.fm/dZD1k