Recent Blog Posts by CENTURY 21 Millennium Inc.

How much house can we afford?

It can be difficult for first time homebuyers to know what they can afford. Barbara Sukkau, president of the Ontario Real Estate Association, helps a couple determine what they can afford with a simple formula. She reminds them that the lifestyle they want can affect the home they end up buying.

THE CANADIAN REAL ESTATE ASSOCIATION RELEASES JUNE 2011 STATISTICS

On July 15th, The Canadian Real Estate Association (CREA) released the latest National Sales Activity for the month of June 2011 over MLS® Systems. The results show an increase in new listings and sales activity in June over May 2011. Click here to see all the details.

THE CANADIAN REAL ESTATE ASSOCIATION RELEASES MAY 2011 NATIONAL RESALE STATISTICS

The latest national resale housing activity statistics have been released by The Canadian Real Estate Association (CREA). The stats show that sales were steady in May 2011 compared to April 2011. Please see the full article for details.

ONTARIO REAL ESTATE ASSOCIATION'S HOME OWNERSHIP MATTERS CAMPAIGN LAUNCHES

The Ontario Real Estate Association (OREA) has launched Home Ownership Matters. This is a campaign by OREA and the 50,000 member Realtors® intended to increase public awareness of the advantages of Home Ownership.  To launch this campaign, OREA has issued the news release Dream of Home Ownership Alive and Well in Ontario. This release discusses the findings of an online survey ...

NATIONAL HOME SALES HOLD STEADY IN MARCH

OTTAWA – April 15th, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity held steady in March 2011 compared to February.  Seasonally adjusted national home sales activity in March came in one tenth of a percentage point above levels for the previous month, with stable demand in most large urban centres.  ...

Georgian Triangle's September 2010 Press Release

Click here to view the Georgian Triangle's September 2010 Press Release for the third quarter whiched showed it slowed in the third quarter this year compared 2009.

TORONTO REAL ESTATE BOARD'S MAY 2010 RELEASE OF MARKET WATCH

June 3, 2010 -- Greater Toronto REALTORS® reported 9,470 sales through  the Multiple Listing Service® (MLS®) in May, representing a one per cent  dip from May 2009.  In comparison to previous years, this was the third  highest May sales result on record. ...

Thinking About Purchasing a 2nd Home......What about HST?

As we all know by now, the new HST (Harmonized Sales Tax) will be taking effect as of July 1st, 2010. But now purchasing a newly build second home will cost a lot more then it has in the past with the new tax. Any type of home purchased, for example cottages, weekend condo's etc will be subject to HST, which means ten of thousands of dollars will be added onto the cost of your second home. This ...

TORONTO REAL ESTATE BOARD'S APRIL 2010 RELEASE OF MARKET WATCH

  May 5, 2010 --Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. See details (pdf).   Click here for complete Market Watch

TORONTO REAL ESTATE BOARD'S MARCH 2010 RELEASE OF MARKET WATCH

April 6, 2010 -- Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948. See ...

ATTENTION: First Time Home Buyers

Buying your first home is one of the most exciting things in people's lives and now with the interest rates as low as they are, going from a Renter to a First Time Home Owner is easier than it ever has been. Many financial instituatins are offering great incentives to First Time Home Buyers. One of these incentives is a cash back option that can be put towards a downpayment. These ...

Mortgage Insurance Rules Announcement

Federal Finance Minister, Jim Fleherty, annouced prudent changes to mortgage insurance rules intended to come into force on April 19th, 2010. CAAMP (Canadian Association Of Accredited Mortgage Professionals) was actively engaged in the discussions around these changes, which are as follows: All borrowers must meet the standards for a five-year fixed rate mortgage even if you choose a mortgage ...

TORONTO REAL ESTATE BOARD'S JANUARY 2010 RELEASE OF MARKET WATCH

Sales Start Off Strong in 2010 February 3, 2010 -- Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. See details. Click here for complete Market Watch. pdf

Steady flow of newcomers buoys demand for sales

December 18, 2009 -- While low interest rates have enhanced affordability, they are only one factor contributing to the market’s strength. The steady stream of newcomers to the Greater Toronto Area, all of whom have housing needs, are another important factor says Tom Lebour the President of the Toronto Real Estate Board in his column in the Toronto Star. Please click here for full article ...

News Release from CREA in regards to MLS® activity for November...

OTTAWA – December 15th, 2009 –According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago. Please click here to view full article      

The Canadian Real Estate Association Revised Home Sales Forecast For 2009 and 2010

Monthly MLS® home sales activity continues to run strong, with new monthly records set in July, September, and October.  This has prompted The Canadian Real Estate Association to revise its MLS® home sales forecast for 2009 and 2010. For full story click here...... 

Canada Mortgage and Housing Corporation’s (CMHC) - Housing Activity to Strengthen in 2010

Housing starts have started to recover and are expected to continue to improve in the second half of 2009 also demand for existing homes has rebounded since the beginning of the year. In addition, lower inventory levels characterize both the new and existing home markets which should result in stronger 2010 activity. Please click here for full story 

3RD QUARTER 2009 MEDIA PRESS RELEASE PROVIDED BY THE GEORGIAN TRIANGLE REAL ESTATE BOARD

Q3 2009 Sales Revenue Up 28% over Q3 2008 The entire third quarter of 2009 (Q3 2009) exhibited continued strong showing and sales activity throughoutmost of the region, making up for the market’s lack luster performance in the first quarter of the year. For Information provided by the Georgian Triangle Real Estate Board please click here ......

TORONTO REAL ESTATE BOARD'S SEPTEMBER 2009 RELEASE OF MARKET WATCH

GTA Housing Market Rebound Continues in September October 5, 2009 -- In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year. See details. Click here for complete Market Watch

TORONTO REAL ESTATE BOARD'S JULY 2009 RELEASE OF MARKET WATCH

GTA REALTORS® report resale record in July August 6, 2009 -- In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 - up by six per cent compared to the same month last year. See details. Click here for complete Market Watch. pdf

The Canadian Real Estate Association reports second quarter of 2009

The Canadian Real Estate Association (CREA) reports second quarter of 2009 - the fourth strongest quarterly sales figure ever please click here for full report

TORONTO REAL ESTATE BOARD'S JUNE 2009 RELEASE OF MARKET WATCH

GTA Resale Housing Market Posts Best June on Record July 6, 2009 -- In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700. See details.

2nd QUARTER 2009 MEDIA PRESS RELEASE PROVIDED BY THE GEORGIAN TRIANGLE REAL ESTATE BOARD

2nd QUARTER 2009 MEDIA PRESS RELEASE PROVIDED BY THE GEORGIAN TRIANGLE REAL ESTATE BOARD For Information provided by the Georgian Triangle Real Estate Board, copyright 2009. E&OE.please click here

CENTURY 21 in the News!

June 22, 2009 CENTURY 21 in the News! CENTURY 21 Canada released a White Paper today entitled "Real Estate Statistics 101: What every Canadian homeowner should know about home price statistics", authored by Don Lawby, President of CENTURY 21 Canada.  This is a follow up to an Op Ed piece that was submitted to media in six major Canadian cities on May 21, 2009 to view full document click here

GTA Resale Housing Sales Up 19 Per Cent in the First Half of June

GTA Resale Housing Sales Up 19 Per Cent in the First Half of June TORONTO, June 17, 2009 - Greater Toronto REALTORS® reported 5,185 transactions in the first half of June - an increase of 19 per cent compared to the same period last year see details.....