Jan 12, 2017 | Milne Sherwood Report
Unless the supply situation is rectified in a meaningful way, prices will remain at their current frothy levels despite the government’s recent attempts to further dampen demand by tightening mortgage qualification rules for high-ratio buyers....
Dec 12, 2016 | Milne Sherwood Report
The recent federal government policy changes, which took effect on October 17th, may have caused some buyers to accelerate their buying intentions. These changes make it more difficult for all high-ratio borrowers to qualify for a mortgage as they must now qualify at...
Oct 12, 2016 | Milne Sherwood Report
Once again, the lack of available inventory combined with the strong sales pace continued to translate into aggressive price growth. The average selling price in August was $710,410 – up by an eye-popping 17.7% versus the $603,534 average price in August 2015. All...
Sep 12, 2016 | Milne Sherwood Report
Once again, the major factors behind this blistering price growth pace are extremely weak resale inventory (active listings down by a whopping 31.9% versus last year), strong labour market conditions, above-inflation average income growth and record low borrowing...
Jul 12, 2016 | Milne Sherwood Report
Once again, the lack of available inventory combined with the strong sales pace continued to translate into sizzling price growth. The average selling price in May was $751,908 – up by a whopping 15.7% versus the $649,648 average price in May 2015. All four key...
Jun 12, 2016 | Milne Sherwood Report
The lack of available resale inventory coupled with the strong sales pace continued to translate into robust price growth. The average selling price in April was $739,082 – up by an eye-catching 16.2% versus the $636,094 average price in April 2015. All four key...
May 12, 2016 | Milne Sherwood Report
The exceptionally strong start to the year from a volume perspective validates recent upbeat consumer survey results which pointed to robust buying intentions. However, despite the major uptick in volume, March 2016 sales fell just a whisker short of establishing a...
Apr 12, 2016 | Milne Sherwood Report
The average selling price in February was $685,278 – up by an eye-catching 14.9% versus the $596,320 average price in February 2015. All key housing types recorded double-digit price advances: detached homes (+16.1%), semi-detached homes (+16.1%), townhomes...
Mar 12, 2016 | Milne Sherwood Report
Resale inventory of homes remains very weak in historical terms (9,966 active listings at January month-end, down by 14.1% versus last year’s total of 11,600 active listings)....
Feb 12, 2016 | Milne Sherwood Report
A relatively strong local economy in the GTA coupled with ultra low borrowing costs were the major factors behind the exceptional volume performance. If the market had benefited from more listings, the 2015 sales total would have been even greater. That said, it is...
