Industry News

April 29, 2011 -- The first quarter of 2011 ended strongly for the existing home market in the Greater Toronto Area. Resale transactions reported through the TorontoMLS® system in March amounted to 9,262 – the second strongest March on record behind March 2010. There were 19,610 sales reported during the first quarter, representing a 12.5 per cent dip compared to the record pace experienced during the first three months of 2010.

TORONTO, May 4, 2011 -- Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous five years.

TORONTO, May 4, 2011 — TREB Commercial Members reported 842,406 square feet of leased space in April 2011, down 27 per cent from the 1,155,944 leased square feet reported in April 2010. “

As the Canadian economy continues to expand in 2011, demand for commercial real estate is expected to remain healthy, albeit with some month-to-month volatility in transactions. Exports are generally expected to make a larger contribution to growth this year, which is important for firms located in the GTA,” noted Toronto Real Estate Board Commercial Division Chair Larry Purchase.