Housing Market Supported by Ontario Economy in 2015

Author: Toronto Real Estate Admin / Category: News Bulletin

TORONTO, February 6, 2015 — Momentum in the Ontario housing market will be sustained through most of 2015 before slowing next year, according to the First Quarter 2015 CMHC Housing Market Outlook released today. Ontario annual home starts will grow to 63,200 in 2015 before easing to 60,500 units in 2016. Ontario home starts will range between 54,800 and 68,100 units this year.

“An improving economy will be more supportive of the Ontario housing market in 2015 than it has been in the recent past. However, as home prices continue to grow, particularly for single family homes, demand will increasingly shift to more affordable housing by 2016,” said Ted Tsiakopoulos, CMHC`s Ontario Regional Economist. “Neighbouring resale markets surrounding the GTA, higher density dwellings and rental over ownership tenure will benefit most from the shift in buying patterns,” added Tsiakopoulos.

Ontario existing home sales will gradually lead the market higher with MLS® sales growing to 209,700 units in 2015 before slowing to 202,700 units in 2016. MLS® sales will range between 188,800 to 220,500 units in 2015. Ontario home prices will grow at a slower rate over the forecast horizon.

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, call 1-800-668-2642.

CMHC Market Analysis standard reports are also available free for download at http://www.cmhc.ca/housingmarketinformation.

Market Analysis Contact:

Ted Tsiakopoulos
Cell: 416-579-4992

Media Contact:

Beth Bailey
Cell: 416-988-4615

Follow CMHC on Twitter @CMHC_ca

 Ontario MLS® Sales2

Ontario Starts1 (All Areas)

1 The outlook is subject to a heightened degree of uncertainty. Although point forecasts are presented in this publication, CMHC also presents forecast ranges and risks where appropriate. The forecasts included in this document are based on information available as of January 21, 2015.

2 The term MLS® stands for Multiple Listing Service and is a registered trademark of the Canadian Real Estate Association (CREA).

Article source: http://www.cmhc.ca/en/corp/nero/nere/2015/2015-02-06-0816b.cfm

April 2015 Housing Starts in Toronto

Author: Toronto Real Estate Admin / Category: News Bulletin

TORONTO, May 8, 2015 — Housing starts in the Toronto Census Metropolitan Area (CMA) trended higher at 32,538 units in April compared to 30,303 in March according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“The upward trend in housing starts was driven by all housing types.” said Dana Senagama, CMHC’s Principal of Market Analysis for the GTA. “Strong high rise completions so far this year have enabled builders to channel more resources towards breaking ground on new projects. Moreover, building has begun on a high number of low rise homes sold prior to construction in the second half of 2014 – particularly single detached and town- homes – and these can now be counted as housing starts.”

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The stand alone monthly SAAR was 38,855 units in April, down from 46,070 units in March. This was the result of a decrease in apartment starts this month.

The City of Toronto and the City of Markham recorded the first and second highest number of starts respectively in the CMA. Both of these municipalities had a significant number of condominium apartment starts. The next highest number of starts occurred in the City of Brampton, which saw the largest number of low rise units begin construction.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Information on this release:

Market Analysis Contact:

Dana Senagama

Media Contact:

Angelina Ritacco

Follow CMHC on Twitter @CMHC_ca

Additional data is available upon request.

Source: CMHC
1 Census Metropolitan Area
2 The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).
Detailed data available upon request

Source: CMHC

Source: CMHC

Article source: http://www.cmhc.ca/en/corp/nero/nere/2015/2015-05-08-0816b.cfm

TREB FEST a Huge Success!

Author: Toronto Real Estate Admin / Category: Toronto Realtor

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Article source: http://communications3.torontomls.net/auth2/auth.asp?d=http://communications3.torontomls.net/newstand/news/2015/mn1505/treb_fest_success.htm

TREB’s President’s News Beat: TREB: Home Ownership a Marker of Successrs

Author: Toronto Real Estate Admin / Category: Toronto Realtor

TREB President’s Column as it appears every Friday in the Toronto Sun’s Resale Homes and Condos section.

April 21, 2015 — I believe that buying your first home should be counted among life’s most important milestones. Home ownership is more than just a step in securing your financial future.

Making the transition to home ownership is often regarded as a marker of maturity and success, suggesting that you have the discipline to make the sacrifices necessary in achieving this important goal.

Owning a home has equally positive emotional and psychological effects, which collectively, are vital to our city’s future. In a 2012 Habitat for Humanity GTA study, respondents reported a 25 per cent increase in their community involvement upon making the transition to owning a home, stating that they had been friendly with five or more neighbours. Half of respondents reported feeling safer walking outside their homes. An incredible 76 per cent reported improvements in their children’s grades, and 88 per cent reported improvements in children’s confidence once they moved into their home

The physical health benefits of home ownership are also well documented. Single-family, low-rise dwellings offer the advantage of neighbourhood walkability and as many seasoned homeowners can confirm, property maintenance alone can serve as a thorough workout. Alternatively, if a condominium home is more suited to your lifestyle, you can often look to amenities such as onsite gyms, swimming pools and rooftop gardens to keep you active. Habitat’s study also documented home ownership’s health benefits, of those who recently transitioned to ownership housing through Habitat’s initiatives, 84 per cent reported improvements in asthma.

This is just a snapshot of the many reasons that buying a home is as important to growing up as donning that proverbial cap and gown, so if you’re ready to mark the next milestone in your personal journey, I encourage you to talk to a Greater Toronto REALTOR®. They can advise you on the many government programs, rebates and incentives that make the goal of home ownership easier to achieve. They can also advise you on the many housing options, both new and resale, that are suited to your lifestyle, and guide you through the entire process from making an offer to moving day essentials.

For more information, visit TorontoRealEstateBoard.com where you will find market updates, neighbourhood profiles, explanations of commonly used real estate forms and more.

Paul Etherington is President of the Toronto Real Estate Board, a professional association that represents 40,000 REALTORS® in the Greater Toronto Area.

Follow TREB on www.twitter.com/TREBhome, www.Facebook.com/TorontoRealEstateBoard and www.youtube.com/TREBChannel

Article source: http://www.torontorealestateboard.com/market_news/president_columns/pres_sun_col/index.htm