from DIYS http://ift.tt/2iwNztr
Monday, January 9, 2017
Final tally: Here’s how Nashville home sales grew in 2016
from DIYS http://ift.tt/2iwNztr
Thursday, January 5, 2017
Metro Denver home-price gains slowed in December; $22 billion in total 2016 sales
from DIYS http://ift.tt/2iUTidk
Toronto-area home sales sets record high in 2016, average selling price soars - CBC.ca
|
The Toronto Real Estate Board says the GTA's average home price soared to $730,472 last month, up 20 per cent from December 2015. The board says strong December sales volume helped make 2016 a record year for realtors in the Greater Toronto Area.
Toronto Real Estate Board to release December home sales figures today CTV News Vancouver home sales down 5.6 per cent last year, prices slide Macleans.ca Four top stories in Canadian news for Thursday, Jan. 5 The Journal Pioneer all 146 news articles » |
from DIYS http://ift.tt/2iLD3Ch
Year in review: Multimillion-dollar mansions, best places to work & more top slideshows from 2016
from DIYS http://ift.tt/2iEZTLt
Toronto home sales climb to record high in 2016 as supply hits 15-year low and prices soar 20%
TORONTO — The Toronto Real Estate Board says the GTA’s average home price soared to $730,472 last month, up 20 per cent from December 2015.
The board says strong December sales volume helped make 2016 a record year for realtors in the Greater Toronto Area.
There were 5,338 sales transactions for all types of residential property last month — including condo units and fully detached houses.
That was up 8.6 per cent compared with December 2015 — despite a tight supply of properties for sale.
The board’s MLS house price index — which adjusts for the different types of properties — was up 21 per cent in December.
Related
For the full year, TREB members had 113,133 sales through the MLS system — up 11.8 per cent compared with 2015, which had the previous record high.
“A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016,” TREB president Larry Cerqua said in a statement Thursday.
The board says upward momentum on pricing accelerated as the year progressed and the overall average selling price for the calendar year was $729,922 — up 17.3 per cent compared with 2015.
Another factor affecting prices was a constrained supply of active listings, which hit a 15-year low in December.
“Total new listings for 2016 were down by almost four per cent,” said TREB’s director of market analysis, Jason Mercer.
Mercer added that government rule changes and policy debates have focused on high demand but “what we really need is more policy focus on issues impacting the lack of homes available for sale.”
In October, the federal government made a number of changes aimed at stabilizing the country’s real estate markets, including requiring stress tests for all insured mortgages.
The stress test change was intended to ensure that Canadians don’t take on larger mortgages than they can handle, particularly in markets such as Toronto and Vancouver where affordability is stretched.
On Wednesday, the Real Estate Board of Greater Vancouver reported that home sales in Metro Vancouver, one of the country’s most watched housing markets, fell 5.6 per cent last year.
Meanwhile, the composite benchmark price for all residential properties in Metro Vancouver, as measured by the Multiple Listing Service home price index, tumbled to $897,600 last month. That’s up 17.8 per cent compared to December 2015.
from DIYS http://ift.tt/2iHCaYU
Wednesday, January 4, 2017
Portrait of a cooling housing market: Vancouver home sales fall 5.6% in 2016
Vancouver housing prices climbed 18 per cent last year and sales were the third highest on record, a gain that prompted governments to set tougher rules to prevent a crash.
Residential prices reached $897,600 in December, according to a report Wednesday from the Real Estate Board of Greater Vancouver, based on a composite benchmark price. The price gains were driven by buyer demand outpacing supply, with a mere 0.6 per cent increase in new listings, the group’s report said.
Jumbo mortgages and bidding wars on homes in the Pacific Coast city led British Columbia to set a 15 per cent tax on foreign buyers in August, and the federal government to toughen mortgage rules in October. The realtor figures Wednesday showed some success in curbing the price surge — gains were powered in the first half of the year, with the index receding by 2.2 per cent in the last six months of 2016.
Related
“The long-term effects of these actions won’t be fully understood for some time,” said Dan Morrison, the board’s president. “Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before.”
The 39,943 residential units sold represented a 5.6 per cent decline on the year, with the total the third highest on record behind 2015 and 2005. On the month, home sales fell 22.6 per cent in December from November, and were down 39.4 per cent from 12 months earlier.
Even with Vancouver’s strong job market supporting demand, some of the prices in the city are hard to fathom for many Canadians. Single family detached home prices averaged C$1.68 million in December.
from DIYS http://ift.tt/2hSDYQ5
Tuesday, January 3, 2017
Leader on Atlanta commercial real estate board is retiring
from DIYS http://ift.tt/2iyYl3k
Subscribe to:
Posts (Atom)