Leon  Schaumer

Leon Schaumer

Sales Representative

HomeLife/Cimerman Real Estate Ltd., Brokerage*

Mobile:
416-931-1906
Office:
416-534-1124
Email Me

Market Watch

Market Watch - Canadian Real Estate has entered the buyers’ market territory

Market Watch - Canadian Real Estate has entered the buyers’ market territory

Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, the detached home market has entered the buyers’ market territory.

This is a market where the fundamentals of a sound pricing strategy need to be understood by sellers. At the same time, potential purchasers should be obtaining mortgage pre-approvals so they understand exactly what they can afford prior to making an offer on a home. It also provides the flexibility in this market.

Ontario – Sales down by 39.5% compared to last year.

Toronto, April 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB's MLS® System in March 2018. This result was down by 39.5% compared to a record 11,954 sales reported in March 2017 and down 17.6% relative to average March sales for the previous 10 years.

The number of new listings entered into TREB's MLS® System totalled 14,866 – a 12.4% decrease compared to March 2017 and a three% decrease compared to the average for the previous 10 years.

"TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017," said Mr. Syrianos. "The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year."

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3% compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

"Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven't seen prices climb back to last year's peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings," said Jason Mercer, TREB's Director of Market Analysis.

 

 

Comments

cc20181005 supra

cc20181005

supra shoes

minnesota twins jerseys

red bottom shoes

louis vuitton outlet online

coach outlet store online

canada goose jackets

timberland outlet

jordan shoes

hermes bags

rolex watches

nike outlet online

kate spade outlet store

kate spade outlet store

nike air max

coach outlet store

moncler outlet online

timberland boots

fitflops sale

nike air max shoes

cheap jordans

coach factory outlet

ugg boots

ralph lauren

tampa bay devil rays jerseys

kate spade outlet

texas rangers jersey

polo outlet store

mulberry handbags

kate spade bags

cheap jordan shoes

nike air max 87

michael kors

pandora jewelry

coach outlet

uggs outlet

ugg outlet

pandora outlet

coach factory outlet

nike shoes

michael kors outlet canada

coach canada

nike dunks

birkenstock sandals

coach factory outlet

hermes handbags

adidas superstar

moncler outlet

oakland athletics jerseys

columbia shoes

adidas shoes

salvatore ferragamo

uggs outlet store

birkenstock outlet

uggs

asics outlet

atlanta braves jerseys

michael kors handbags

kate spade outlet

canada goose outlet

ralph lauren outlet

canada goose

tory burch outlet

coach outlet store

oakley sunglasses outlet

air jordan shoes

jordan shoes

baltimore orioles jerseys

coach outlet

ugg outlet

louboutin shoes

pandora charms sale clearance

pandora charms sale

pandora store

uggs outlet store

canadian goose

gucci handbags

air max 2018

nike shoes

kate spade

los angeles angels jerseys

oakley sunglasses

north face outlet

ralph lauren sale clearance

moncler outlet

ralph lauren sale

jordan shoes

ray ban sunglasses

adidas yeezy boost

coach outlet

canada goose outlet

arizona diamondbacks jerseys

uggs canada

moncler jackets

ugg outlet

fitflops

nike shoes for men

michael kors outlet

ugg boots

jordan retro 11

cheap jordans for sale

adidas shoes

adidas nmd

pandora charms sale clearance

kate spade

tory burch outlet online

cheap nike air max

michael kors outlet

canada goose outlet

pandora charms

ugg outlet

supreme new york

nike outlet

nike outlet store

michael kors

louis vuitton

colorado rockies jerseys

ugg boots

cheap jordans

birkenstocks

cheap oakley sunglasses

north face jackets

pandora charms

timberland boots

coach outlet

los angeles dodgers jerseys

yeezy boost

coach factory outlet

ray ban sunglasses

yeezy 350 boost

adidas nmd

birkenstock sandals

yeezy boost

pandora jewelry

birkenstock

canada goose jackets

adidas nmd shoes

coach canada

coach factory outlet

nike basketball shoes

mlb jerseys

pandora jewelry outlet

coach factory outlet

cheap nfl jerseys

mont blanc pens

coach outlet

adidas superstar

ralph lauren outlet

adidas shoes

coach outlet

canada goose outlet

houston astros jerseys

coach factory outlet

christian louboutin outlet

christian louboutin outlet

jordans

philipp plein shirt

ecco shoes

coach outlet online

coach factorty outlet

kate spade handbag

air jordans

coach factory outlet

air jordan shoes

canada goose jackets

polo ralph lauren outlet

air max 2019

uggs outlet

canada goose jackets

hermes handbags

michael kors outlet

kate spade outlet store

nike air presto

nike shoes

cheap ray bans

cheap nfl jerseys

pandora jewelry

canada goose jackets

moncler

asics shoes

cartier outlet

pandora charms

moncler outlet

nike air max

lacoste polo shirts

michael kors outlet

oakley sunglasses

uggs

christian louboutin outlet

timberland boots

pandora charms

michael kors outlet

kate spade outlet

moncler outlet

coach factorty outlet

converse outlet store

discount oakley sunglasses

coach outlet

michael kors outlet online

air more uptempo

michael kors outlet online

kobe shoes

pandora jewelry

moncler outlet

michael kors outlet online

tiffany outlet

yeezy boost 350

salvatore ferragamo shoes

coach factory outlet

uggs outlet

timberland boots

nike store

jimmy choo

skechers shoes

tiffany and co

coach factory outlet

nike shox

kate spade handbags

adidas nmd

ugg outlet

supreme clothing

nike huarache

air max 97

ralph lauren uk

kate spade handbags

coach outlet

coach outlet

pandora outlet

pandora charms

oakley sunglasses

louis vuitton outlet store

kate spade handbag

pandora jewelry outlet

red bottoms

valentino shoes

pandora jewelry

uggs outlet

canada goose sale

longchamp handbags

adidas outlet

converse shoes

supreme clothing

reebok shoes

nmd adidas

nike free run

michael kors outlet clearance

fitflops

canada goose sale

fitflops

coach outlet

longchamp outlet

coach outlet store

michael kors outlet

coach factory outlet

birkenstock shoes

timberland outlet

coach outlet

coach factory outlet online

coach canada outlet

new york mets jerseys

pandora jewelry official site

cheap jordans

uggs outlet

fitflops

christian louboutin

adidas stan smith

underarmour shoes

ralph lauren sale clearance

michael kors outlet

ugg boots

louis vuitton outlet

ugg outlet

michael kors outlet online

uggs outlet

uggs outlet

toms outlet

lebron james shoes

hermes handbags

timberland boots outlet

yeezy boost

ecco shoes for men

moncler jackets

vans shoes

cristiano ronaldo jerseys

air jordans

nike outlet

jordans

coach outlet

ugg outlet

jordan shoes

kate spade

louis vuitton outlet

nike outlet

nike tessen

uggs outlet

ugg boots

christian louboutin

canada goose outlet

pandora charms

nike shoes

jordan retro

ray ban sunglasses discount

nike air more money

hermes birkin

florida marlins jerseys

cheap jordan shoes

toronto blue jays jerseys

adidas yeezy

oakley sunglasses

kate spade outlet

nike outlet

swarovski crystal

pandora

canada goose outlet

pandora jewelry

fred perry polo

ralph lauren

ralph lauren sale clearance

nfl jerseys wholesale

pandora charms

air max 2017

ecco shoes

air max 90

adidas yeezy

adidas shoes

dansko shoes

coach factory outlet

michael kors outlet

jordan shoes

coach

kevin durant shoes

ultra boost

adidas originals

michael kors outlet

nike react shoes

longchamp handbags

air max 97

canada goose sale

coach outlet online

ugg boots

cheap mlb jerseys

christian louboutin outlet

adidas yeezy boost

kate spade outlet

ugg australia

adidas yeezy

christian louboutin shoes

michael kors outlet

chicago white sox jerseys

kobe bryant shoes

coach outlet store

prada handbags

pandora jewelry

coach outlet

kate spade outlet

ugg boots

nike free 4.0

moncler outlet

pandora jewelry

nike outlet online

philipp plein outlet

canada goose outlet

moncler outlet

canada goose

coach outlet

seattle mariners jerseys

uggs outlet

coach factory outlet

nike cortez

adidas yeezy boost

salvatore ferragamo shoes

adidas campus

canada goose outlet

coach outlet

louboutin shoes

ray ban sunglasses

michael kors outlet

adidas shoes

nike air max zero

converse all star

san diego padres jerseys

coach handbags

kate spade handbags

cheap jordans

ralph lauren outlet

canada goose outlet

nike outlet

toms shoes

prada outlet

salomon shoes

pandora jewelry

coach factory outlet online

michael kors outlet clearance

coach outlet

supra shoes

coach outlet

adidas shoes

fitflops

polo outlet

coach outlet

ralph lauren outlet

jimmy choo outlet

ralph lauren outlet

michael kors outlet clearance

nike air max 95

oakley sunglasses

moncler outlet

michael kors outlet clearance

fitflops sale clearance

polo ralph lauren outlet online

canada goose jackets

replica watches

ugg outlet

canada goose outlet

birkenstock sandals

jimmy choo outlet

ralph lauren outlet

air max 2018

dr martens outlet

ugg outlet store

canada goose outlet

michael kors outlet

polo ralph lauren outlet

pg 2

nike shoes

adidas outlet

nike cortez

kate spade outlet

polo ralph lauren outlet

michael kors outlet

fitflops sale clearance

pandora jewelry official site

kate spade outlet

supreme clothing

louboutin shoes

toms outlet

pandora outlet

kate spade

fitflops

coach factory outlet

polo outlet

louis vuitton handbags

uggs outlet

ecco shoes

nike zoom

uggs

ralph lauren outlet

nike air max 1

ugg outlet

adidas outlet

coach factorty outlet

nike air max outlet

moncler jackets

canada goose outlet

fendi handbags

coach outlet

canadian goose

louis vuitton outlet online

pandora charms sale clearance

jordan shoes

coach outlet

uggs

pandora charms

nike huarache

coach outlet store

canada goose outlet

pandora outlet

kate spade handbags

mulberry outlet

mont blanc

ugg outlet

coach outlet

fake rolex

canada goose outlet

uggs outlet

milwaukee brewers jerseys

columbia sportswear

tory burch outlet

coach outlet

ugg outlet

kate spade bags

moncler outlet

kansas city royals jerseys

kyrie 4 shoes

pandora jewelry

burberry outlet canada

coach outlet store

ugg outlet

canada goose jackets

adidas

timberland boots

burberry outlet

longchamp outlet

uggs outlet

coach outlet online

new balance shoes

fred perry

michael kors handbags

coach outlet

new balance outlet

christian louboutin

cheap jordans free shipping

vans store

ugg boots

ralph lauren uk

nike air max

coach outlet store online clearances

pittsburgh pirates jerseys

adidas outlet

dr martens boots

tory burch outlet

ysl handbags

ugg outlet

cheap oakley sunglasses

kate spade bags

birkenstock sandals

tiffany and co

oakley sunglasses

cleveland indians jerseys

rolex watches

fitflops sale clearance

michael kors handbags

louis vuitton

coach canada outlet

nike zoom

ecco outlet

swarovski outlet

cincinnati reds jerseys

dr martens

moncler outlet

coach outlet

canada goose outlet

red bottoms shoes

uggs canada

ysl outlet

birkenstock outlet

gucci outlet

birkenstock shoes

cc20181005

Have Questions?