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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, September 26, 2017

August housing activity well below potential peak—DLC’s Cooper

In a recent analysis on the broker network’s online portal, Dominion Lending Centres chief economist Dr. Sherry Cooper stated that the August numbers from the Canadian Real Estate Association (CREA) revealed a national housing market still performing well below its potential.

The CREA data indicated a slight 1.3-per-cent growth in sales last month, which ended four consecutive months of declines. This was mainly driven by a significant 14.3-per-cent increase in Greater Toronto Area sales.

Cooper noted that lopsided performance on a national scale was evident in flat sales growth in all other Canadian markets apart from the GTA—and that even Toronto’s recent rally was just the “first monthly rise since the April announcement of the Ontario Fair Housing Policy.”

National activity remained 13.8 per cent below the record set in March 2017. In Ontario, the number of sales remained 36 per cent below the peak (reached in March as well) and 32 per cent below the levels a year ago.

“Actual (not seasonally adjusted) sales activity was down nearly 10% year-over-year in August. Sales were down from year-ago levels in about 60% of all local markets, led by the GTA and surrounding housing markets,” Cooper wrote.

MBN

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