Comments on: Canadian Real Estate Sales Drops 17 Percent in 2008 http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 18:52:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jackson Hole real estate http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/comment-page-1/#comment-385655 Jackson Hole real estate Sat, 13 Jun 2009 03:24:02 +0000 http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/#comment-385655 great tips. I enjoyed reading this great tips. I enjoyed reading this

]]> By: David Pylyp http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/comment-page-1/#comment-382984 David Pylyp Sat, 06 Jun 2009 17:57:20 +0000 http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/#comment-382984 Here's an update for our cousins to the south. TORONTO, June 3, 2009 - In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,301. “The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.” The average price for May transactions was $395,609 – down less than one per cent compared to the same month last year. “The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.” While we may share a media, the sour news from the talking heads on TV is endless, but the market seems to defy their "sage advice". Interest rates are at an all time low and buyers are still buying. Some say its foolishness, but the mortgage portfolio losses in Canada are at 1% Far from the walk away numbers of the United States. Buyers and Sellers are deciding with their feet at the sales centers and ultimately with their cheque books. David Pylyp http://sellingintoronto.ca Here’s an update for our cousins to the south.
TORONTO, June 3, 2009 – In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,301.

“The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.”

The average price for May transactions was $395,609 – down less than one per cent compared to the same month last year.

“The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.”

While we may share a media, the sour news from the talking heads on TV is endless, but the market seems to defy their “sage advice”.

Interest rates are at an all time low and buyers are still buying. Some say its foolishness, but the mortgage portfolio losses in Canada are at 1% Far from the walk away numbers of the United States.

Buyers and Sellers are deciding with their feet at the sales centers and ultimately with their cheque books.

David Pylyp
http://sellingintoronto.ca

]]> By: It Ain’t the Technology « The Notorious R.O.B. http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/comment-page-1/#comment-363290 It Ain’t the Technology « The Notorious R.O.B. Tue, 31 Mar 2009 03:29:11 +0000 http://www.therealestatebloggers.com/2009/02/10/canadian-real-estate-sales-drops-17-percent-in-2008/#comment-363290 [...] the Canadian real estate market was down17.1% i n2008, and the Canadian Real Estate Association is predi..., but one of the largest brokerage companies in Canada is excited about Microsoft [...] [...] the Canadian real estate market was down17.1% i n2008, and the Canadian Real Estate Association is predi…, but one of the largest brokerage companies in Canada is excited about Microsoft [...]

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