TORONTO - May 3, 2010…Urbanation, Inc., since 1981 the leading source of information and analysis on the Toronto Census Metropolitan Area – CMA condominium market, today released its Q1-2010 market overview.
Said Urbanation Editor and Executive Vice President Ben Myers, “Q1-2010’s 5,415 new condominium sales in the CMA were down slightly from Q4-2009’s 6,295 new unit sales, however, Q1’s total of new units sold is still the highest-ever number of first quarter new unit sales in the history of the CMA.
“This year’s Q1 new unit sales were nearly six times higher than the recession impacted Q1. 2009’s new unit sales, an astounding increase of 491 per cent year-over-year,” he added.
Average price per square foot (PSF) for all new units sold in the CMA was up only modestly, from $418 in Q1-2009, to $443 in Q1-2010. The unsold units in the market are being offered a $509 PSF on average in the CMA.
Nearly 4,000 condominium units started construction in Q1-2010, equaling the total during the previous nine months, a very encouraging sign for the health of the Toronto market. Resale volumes also remained strong at 4,290 in Q1-2010, almost double the 2,225 resales in
Q1-2009. And resale price appreciation was robust, springing from an average resale price per unit of $280,000 in Q1-2009, to $331,000 in Q1-2010. There were a record number of listings in Q1-2010 and units traded quickly, as the average unit took just 22 days to sell.
Said Myers, “Underlying market conditions including potential future interest rate increases, new mortgage rules and to a certain extent misinformation regarding the implementation of the HST,
were all factors that affected the increased level of listings in the CMA. A secondary factor was that many potential sellers did not list their units for sale in the wake of the last year’s recession, despite the strong resale market over the final three quarters of 2009.”
“However, despite the positive market indicators, if CMA condominium builders are led to rrational exuberance, and overbuild beyond what the market can absorb, an over-supply ituation could potentially re-emerge. As many as 30 projects and 7,000 units could launch in
Q2-2010, so we believe unsold supply is an indicator to watch closely in coming quarters,” he dded.
ABOUT URBANATION
Urbanation is Canada's leading condominium market research company. Since 1981, Urbanation as analyzed the Toronto condominium market, publishing the “industry bible” – Urbanation’s Condominium Market Survey. This quarterly Report tracks new, resale and future condominium projects. Urbanation also provides the development community with essential consulting services, which include site and topic specific market studies and surveys.
Contact: David Eisenstadt / Beth Merrick
The Communications Group Inc.
416.696.9900 ext. 36 or ext. 40
deisenstadt@tcgpr.com / bmerrick@tcgpr.com
www.urbanation.ca
www.twitter.com/urbanation
Monday, May 3, 2010
Reader's Digest names RE/MAX 'Most Trusted Residential Real Estate Brand in Canada'
Mississauga, ON (May 3, 2010) -- Dedication, skill, and professionalism earned RE/MAX realtors the designation of Most Trusted Residential REALTOR in Canada by Reader’s Digest magazine. Reader’s Digest will unveil its “Most Trusted Brands” list in its May 2010 issue. The magazine commissioned independent third party Harris/Decima to conduct 1,500 online surveys among a random sample of its panel members from October 2 – 15, 2009.
“The results of the survey are proof positive that our sales associates are the best in the business,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “We’ve built a solid reputation based on consistent results. RE/MAX associates sell one in every three homes in Canada and carry more professional designations than any other realtor in Canada. We’re specialists in all niches from residential, recreational, and commercial properties to luxury homes. Our focus has always been service excellence, which includes a serious emphasis on professional development and education. The status quo may work for some, but after almost 40 years in the business, we’re not content to rest on our laurels. “
Reader’s Digest looked at 28 different product categories -- ranging from cereal to residential real estate – and allowed consumers to select the brands that they trusted the most. RE/MAX joins leading brands such as RBC Royal Bank, TD Canada Trust, Air Canada, and Blackberry.
“Our commitment to the communities in which we live and work also runs deep,” says Polzler. “I think that’s something that has always set RE/MAX apart. We’ve been involved in charitable giving long before the terms ‘corporate philanthropy’ and ‘cause marketing’ were common. RE/MAX realtors participate in countless vital programs and causes each year that help the most vulnerable members of our society and strengthen the foundation of neigbhourhoods from coast to coast. Their enthusiasm, spirit and dedication to others never fails to inspire.”
Charitable giving is woven into the fabric of the RE/MAX organization. The company and its sales force has demonstrated a strong desire to give back, exceptionally active in both corporate and local charities. Close to $40 million has been raised in support of Children’s Miracle Network since 1992 – which funds research and development, outreach programs and upgrades to equipment and facilities at children’s hospitals and foundations across the country. The Canadian Breast Cancer Foundation is also a cause close to the hearts of RE/MAX associates—one that RE/MAX continues to support through its popular Sold on a Cure Program and the annual Yard Sale for the Cure.
RE/MAX is Canada’s leading real estate organization with over 17,500 sales associates situated throughout its more than 680 independently-owned and operated offices across the country. The RE/MAX franchise network, now in its 37th year, is a global real estate system operating in 80 countries. Over 6,450 independently-owned offices engage over 92,000 member sales associates who lead the industry in professional designations, experience, and production, while providing real estate services in residential, commercial, referral, and asset management.
For more information, visit: www.remax.ca.
For more information:
Christine Martysiewicz
RE/MAX Ontario-Atlantic Canada
905.542.2400
“The results of the survey are proof positive that our sales associates are the best in the business,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “We’ve built a solid reputation based on consistent results. RE/MAX associates sell one in every three homes in Canada and carry more professional designations than any other realtor in Canada. We’re specialists in all niches from residential, recreational, and commercial properties to luxury homes. Our focus has always been service excellence, which includes a serious emphasis on professional development and education. The status quo may work for some, but after almost 40 years in the business, we’re not content to rest on our laurels. “
Reader’s Digest looked at 28 different product categories -- ranging from cereal to residential real estate – and allowed consumers to select the brands that they trusted the most. RE/MAX joins leading brands such as RBC Royal Bank, TD Canada Trust, Air Canada, and Blackberry.
“Our commitment to the communities in which we live and work also runs deep,” says Polzler. “I think that’s something that has always set RE/MAX apart. We’ve been involved in charitable giving long before the terms ‘corporate philanthropy’ and ‘cause marketing’ were common. RE/MAX realtors participate in countless vital programs and causes each year that help the most vulnerable members of our society and strengthen the foundation of neigbhourhoods from coast to coast. Their enthusiasm, spirit and dedication to others never fails to inspire.”
Charitable giving is woven into the fabric of the RE/MAX organization. The company and its sales force has demonstrated a strong desire to give back, exceptionally active in both corporate and local charities. Close to $40 million has been raised in support of Children’s Miracle Network since 1992 – which funds research and development, outreach programs and upgrades to equipment and facilities at children’s hospitals and foundations across the country. The Canadian Breast Cancer Foundation is also a cause close to the hearts of RE/MAX associates—one that RE/MAX continues to support through its popular Sold on a Cure Program and the annual Yard Sale for the Cure.
RE/MAX is Canada’s leading real estate organization with over 17,500 sales associates situated throughout its more than 680 independently-owned and operated offices across the country. The RE/MAX franchise network, now in its 37th year, is a global real estate system operating in 80 countries. Over 6,450 independently-owned offices engage over 92,000 member sales associates who lead the industry in professional designations, experience, and production, while providing real estate services in residential, commercial, referral, and asset management.
For more information, visit: www.remax.ca.
For more information:
Christine Martysiewicz
RE/MAX Ontario-Atlantic Canada
905.542.2400
Thursday, April 29, 2010
Wednesday, April 28, 2010
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.
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.
Monday, April 26, 2010
Dramatic rebound characterizes Canada's luxury home segment in 2010
Mississauga, ON (April 26, 2010) - Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX.
The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales. Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period. Nine out of the 13 markets examined (69 per cent) shattered existing records - setting new all-time highs for first quarter activity in the upper end.
"Real estate continues to resonate with purchasers at every price point," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem. Despite the upward momentum, there are still deals to be had - especially at the higher price points-a fact that is motivating buyers to act."
The RE/MAX Upper End 2010 Report, highlighting sales and trends in 13 major Canadian centres and five sub-markets, found that improved economic performance, increased personal wealth, immigration and foreign investment all contributed to a serious upswing in sales. Virtually all areas experienced double and triple-digit increases between January and March of this year over 2009 figures for the same period. Nine out of the 13 markets examined (69 per cent) shattered existing records - setting new all-time highs for first quarter activity in the upper end.
"Real estate continues to resonate with purchasers at every price point," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "With the top end of the market shifting into high gear, every segment of the residential real estate sector is now operating in tandem. Despite the upward momentum, there are still deals to be had - especially at the higher price points-a fact that is motivating buyers to act."
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