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.
Wednesday, August 4, 2010
Urbanation provides summary of the 2nd Quarter Condo Market for Toronto
Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
Cell 289-937-0367
Office 416-236-1241
dmitchell@remaxprofessionals.ca
Begin forwarded message:
> From: Pauline Lierman
> Date: 4 August, 2010 12:20:40 PM EDT
> To: undisclosed-recipients: ;
> Subject: Urbanation Press Release Q2-2010
>
> Please find attached (in PDF format) Urbanation’s latest Press Release on the Q2-2010 condominium apartment market in the Toronto CMA.
>
> 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.
>
> Don’t forget to follow us on Twitter for all the FREE market info you can handle!
>
>
>
>
>
> Pauline Lierman
>
> Research Analyst
>
>
>
> URBANATION Inc.
>
> 10 Price St, Suite 200, Toronto, ON M4W 1Z4 T: 416.922.2200 ext.211 F: 416.366.9028 W: www.urbanation.ca / www.twitter.com/urbanation
>
>
>
> PROVIDING MARKET RESEARCH, ANALYSIS AND CONSULTING SERVICES TO THE CONDOMINIUM INDUSTRY SINCE 1981.
>
>
>
>
Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
Cell 289-937-0367
Office 416-236-1241
dmitchell@remaxprofessionals.ca
Begin forwarded message:
> From: Pauline Lierman
> Date: 4 August, 2010 12:20:40 PM EDT
> To: undisclosed-recipients: ;
> Subject: Urbanation Press Release Q2-2010
>
> Please find attached (in PDF format) Urbanation’s latest Press Release on the Q2-2010 condominium apartment market in the Toronto CMA.
>
> 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.
>
> Don’t forget to follow us on Twitter for all the FREE market info you can handle!
>
>
>
>
>
> Pauline Lierman
>
> Research Analyst
>
>
>
> URBANATION Inc.
>
> 10 Price St, Suite 200, Toronto, ON M4W 1Z4 T: 416.922.2200 ext.211 F: 416.366.9028 W: www.urbanation.ca / www.twitter.com/urbanation
>
>
>
> PROVIDING MARKET RESEARCH, ANALYSIS AND CONSULTING SERVICES TO THE CONDOMINIUM INDUSTRY SINCE 1981.
>
>
>
>
Top Team Failures from Ken Goodfellow
Team Failures happen more than successes. Ken Good Fellow Addresses this fact and how to build a team fopr success.
copywrite Ken Goodfellow CKGInternational
copywrite Ken Goodfellow CKGInternational
Top Team Success Secrets from Ken Goodfellow
Here is the link to Ken Goodfellow's most recent video on Top Teaem Success. Enjoy!Top Team Blueprint Series
In anticipation of our New Top Team program launch on August 11th 2010, we have put together a complimentary video series called The Top Team Blueprint. Click the Agent button below to get immediate access.
Agent Top Broker Blueprint Series
Ken Goodfellow, CKG International
In anticipation of our New Top Team program launch on August 11th 2010, we have put together a complimentary video series called The Top Team Blueprint. Click the Agent button below to get immediate access.
Agent Top Broker Blueprint Series
Ken Goodfellow, CKG International
Tuesday, August 3, 2010
Tuesday, July 20, 2010
Bank of Canada stands apart as it raises rates
Jeremy Torobin
Ottawa — From Wednesday's Globe and Mail
Published on Tuesday, Jul. 20, 2010 9:05AM EDT
Last updated on Tuesday, Jul. 20, 2010 7:55PM EDT
.Mark Carney has now done twice what no other Group of Seven central banker appears even close to doing once – he raised interest rates for the second month in a row – but global developments could slow his hand.
Tuesday’s move, which brought the Bank of Canada’s benchmark overnight rate to a still-low 0.75 per cent, reflects Canada’s unique position as a rich country that has recovered almost all of the jobs lost during the recession, where a post-crisis housing boom has already come and gone, and where record overseas demand for safe government bonds is poised to allow Ottawa and the provinces fund a few more years of deficit spending without being crippled by interest payments.
But the Bank of Canada Governor’s window for taking back some of the super-low borrowing costs, both to ensure that inflationary pressures don’t build and to persuade consumers and businesses that they should start paying off debts now before rates go higher, may be closing sooner than expected.
Even as it raised its key rate by one-quarter of a percentage point, the central bank trimmed its forecast for Canada’s economic growth this year and next, as austerity measures in Europe and a fizzling rebound in the United States make for a slower global recovery and a “more gradual” bounce-back at home. Future moves will “be weighed carefully” against developments around the world, policy makers reiterated in the statement accompanying the rate hike, and, in turn, on what impact those may have on Canada’s exports.
Ottawa — From Wednesday's Globe and Mail
Published on Tuesday, Jul. 20, 2010 9:05AM EDT
Last updated on Tuesday, Jul. 20, 2010 7:55PM EDT
.Mark Carney has now done twice what no other Group of Seven central banker appears even close to doing once – he raised interest rates for the second month in a row – but global developments could slow his hand.
Tuesday’s move, which brought the Bank of Canada’s benchmark overnight rate to a still-low 0.75 per cent, reflects Canada’s unique position as a rich country that has recovered almost all of the jobs lost during the recession, where a post-crisis housing boom has already come and gone, and where record overseas demand for safe government bonds is poised to allow Ottawa and the provinces fund a few more years of deficit spending without being crippled by interest payments.
But the Bank of Canada Governor’s window for taking back some of the super-low borrowing costs, both to ensure that inflationary pressures don’t build and to persuade consumers and businesses that they should start paying off debts now before rates go higher, may be closing sooner than expected.
Even as it raised its key rate by one-quarter of a percentage point, the central bank trimmed its forecast for Canada’s economic growth this year and next, as austerity measures in Europe and a fizzling rebound in the United States make for a slower global recovery and a “more gradual” bounce-back at home. Future moves will “be weighed carefully” against developments around the world, policy makers reiterated in the statement accompanying the rate hike, and, in turn, on what impact those may have on Canada’s exports.
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