Jan 12, 2016 | Milne Sherwood Report
All key housing types recorded strong double digit volume advances in November, as per the following: detached homes (+13.3%), semi-detached homes (+18.3%), townhouses (+14.6%) and condo apartments (+16.0%). These results unequivocally suggest that the demand for home...
Dec 12, 2015 | Milne Sherwood Report
Sales results continue to underscore the fact that many GTA households remain upbeat about home ownership as a high quality, long-term investment. With just two months left in the year, it is clear that we will see an annual record for home sales in 2015, far...
Nov 12, 2015 | Milne Sherwood Report
Barring a drastic shift in the economy over the next three months, total transactions will be at or very near the 100,000 mark for 2015. To put that number in some perspective, the current record annual number of transactions is 93,193 which was set back in 2007....
Oct 12, 2015 | Milne Sherwood Report
On a year-to-date basis (January thru August), total resale volume is up by a whopping 10.9% to 72,512 units. Even with four months remaining in the year, it is a virtual certainty at this point that 2015 will see an all-time sales volume record for the GTA....
Sep 12, 2015 | Milne Sherwood Report
The double-digit growth in condo resales is particularly noteworthy given the number of pundits who have suggested a vulnerability in that segment due to perceived oversupply. Overall the market continues to be well on its way toward setting an all-time sales volume...
Aug 12, 2015 | Milne Sherwood Report
On a year to date basis (January through June) sales volume is now up by a substantial 12.3% versus last year. Given the current pace of sales, 2015 appears to be well on its way to setting an all-time sales record for the GTA. Ultra low borrowing and a stable economy...
Jul 12, 2015 | Milne Sherwood Report
Despite a continued weak inventory situation, the TorontoMLS® system achieved record sales for the month of May. A total of 11,706 transactions occurred in May, up by a solid 6.3% versus the 11,013 units sold in May 2014 (which was the previous record total for the...
Jun 12, 2015 | Milne Sherwood Report
Home ownership is clearly being viewed as a high quality, long-term investment by both fi rst-time buyers and existing homeowners, both of whom were very active in the April market. Our current ultra low interest rates are also clearly going a long way to mitigate the...
May 12, 2015 | Milne Sherwood Report
These solid overall volume gains clearly demonstrate continued affordability of home ownership, with lower interest rates going a long way to mitigate the effect of rising home prices. In addition, there is ample evidence of pent-up demand particularly as it relates...
Apr 12, 2015 | Milne Sherwood Report
The average selling price for a resale home in the GTA in February was $596,163 – up by a substantial 7.8% versus the $552,859 average price posted in February 2014. To put this price growth in some perspective, the most recent infl ation growth fi gure from...
