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Are there too many condos in Toronto? Real estate wiz Brian Persaud takes on this contentious issue


The following is a guest post by Brian Persaud, a Toronto based real estate agent, investor, analyst, TV show host, producer and author of the forthcoming book "Investing in Condominiums". He is a provider of Toronto condominium information and a good friend to the folks of BuzzBuzzHome. Read more

A day at the Beach in November? You better believe it! Beach Club Lofts holding exclusive preview event this weekend [PICS]


Those temperatures won't be going back up any time soon, so a day at the beach might seem like a "strange" concept at the moment.But it's not too hard to imagine spending a day at the Beach Club Lofts, the boutique residence by Zen Homes that's only Read more

We're feeling like nobility just looking at these new renderings from The Royal Collection


When you're searching for homes in a place like King City, we're guessing you might be looking for something with a hint of royalty. Well, this project by Zancor Homes registers pretty high on the royalty scale, so high in fact, that they simply named it The Royal Read more

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» canadian real estate association

CREA predictions come true as housing resale activity is on the rise

Posted on March 15, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

The Canadian Real Estate Association (CREA) recently predicted housing resale activity will be up in 2012, and now they have the stats to prove it.

National resale housing activity improved in February 2012 after having declined in January.

Here are some highlights from CREA’s report:

  • Home sales rose 1.4% from January to February.
  • Actual (not seasonally adjusted) activity was up 8.6% from February 2011 levels.
  • A total of 61,772 homes traded hands in the first two months of 2012, up 6.7 per cent from the same period in 2011. Read more

CREA: Home resales expected to rise in 2012

Posted on March 5, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

Nothing beats a little market news to lift you out of the Monday morning malaise, right?

On this fine Monday morn’ we’ve just read all about the Canadian Real Estate Association’s announcement that nationwide home resales are expected to rise by 0.3 per cent with low interest rates continuing to support the market.

CREA forecasts that sales will reach 458,800 units in 2012, up from 457,305  in 2011. In 2013, sales are expected to decline to 457,200. Not exactly what you’d call a volatile market… Read more

Canadian housing market heating up according to MLS home price index

Posted on February 9, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

The new MLS home price index results are in, and it’s looking like great news for the Canadian housing market. Excuse us while we nerd out on stats for a minute…

The index says the market is heating up, noting the first price increase in two months in the five surveyed markets, with Toronto leading the pack with prices rising 7.6 per cent. All markets saw an increase, especially for two-storey homes, which were up 6.7 per cent from a year ago.

If you didn’t know that the MLS releases a home index, that’s probably because it’s relatively new! Read more

CREA: Canadian home sales climb higher in December

Posted on January 16, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

Today we’re bringing you the latest stats released today by the Canadian Real Estate Association.

According to CREA, sales activity rose 1.8 per cent from November to December while annual activity totaled 456,749 sales for the year, up 2.2 per cent from 2010.

CREA also noted that the simultaneous increase in sales and new listings kept the national resale housing in balanced territory while the national average home price was up only 0.9 per cent on a year-over-year basis. This is the smallest increase since October 2010.

“The momentum in sales activity provides clear evidence that low interest rates continue to draw homebuyers to the housing market,” said Gary Morse, CREA President, in a statement.

“While buyers have become increasingly cautious, the hand off for sales activity going into the New Year suggests that Canada’s housing market will continue to benefit from low interest rates in 2012, and continue making a significant contribution to Canadian economic activity,” he continued. Read more

Toronto home prices are breaking records again… What else is new?

Posted on December 20, 2011 | buzzhomeblog Posted in DEVELOPMENTS, MARKET, ONTARIO | Leave a comment

According to figures released late last week by CREA, the average home price in Toronto reached $481,305 in November. That’s a new record average and it’s got the housing market back into sellers’ territory.

The Canadian Real Estate Association also noted that the November figure is 2.1 per cent higher than October’s average and, when seasonal fluctuations are taken into account, almost 10 per cent higher than the average GTA home a year ago.

The other big news is that November sales across the country were 7 per cent above the 10 year average for the month. This makes November 2011 the fourth busiest month in terms of sales on record. What makes this stat even more significant is the month is usually a slow time for sales. Read more