Here's How You Can Educate Yourself In The Toronto, Canada, Real Estate Market May 2011

Click Here: http://www.torontopowerofsalehomes.ca. Toronto, Canada, Real Estate Market. May 2011.

Bank of Canada Overnight Rate Announcement - May 2011
Summary: Rates are up 0.25% from late 2010. Predict it will raise gradually this year It is still a all time low No change for 6 months

Canadian Retail Trades, March 2011
Summary:

Retail sales were flat in March, holding steady at $37.3 billion. After removing the effects of price changes, particularly higher food and gasoline prices, retail sales in volume terms decreased 0.8%.

Higher prices contributed to a 0.8% rise in sales at general merchandise stores in March. Other general merchandise stores led the gain, increasing 1.2%. Sales at department stores edged up 0.3%, following a 1.1% decline in February.


Canadian Labor Force Survey, May 2011 Results.
Employment rose by 22,000 in May, bringing gains over the previous 12 months to 273,000 (+1.6%). The employment increase in May, combined with a decline in the number of people looking for work, pushed the unemployment rate down 0.2 percentage points to 7.4%.

Full-time employment increased by 33,000 in May. Over the past 12 months, full-time employment rose by 224,000 (+1.6%) while part time was up 50,000 (+1.5%).


Canadian Consumer Price Index, April 2011 Results Consumer prices rose 3.3% in the 12 months to April, matching the increase recorded in March. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in April.

Energy prices advanced 17.1% during the 12 months to April, following a 12.8% increase in March. Gasoline prices increased 26.4%, bringing prices at the pump to a level 5.0% below the record high of July 2008. This increase followed an 18.9% gain in the 12 months to March.


Canadian Housing Starts, April 2011 Results

Municipalities issued building permits worth $6.8 billion in March, a 17.2% increase from February and a level not seen since June 2007. The gain was mostly the result of advances in the residential and non-residential sectors in Ontario.

Nationally, municipalities approved 17,141 new dwellings in March, up 26.7% from February. The increase came from multi-family dwellings, which rose 55.5% to 10,469 units. The number of single-family dwellings declined 1.9% to 6,672 units.


Greater Toronto Area Housing Market

Housing starts were slower than expected in April, largely due to a decline in construction on multi-unit buildings such as apartments and condos, according to Canada Mortgage and Housing Corp. "Housing starts moved lower in April mostly because of decreases in multiple construction across the country and in rural starts," said Bob Dugan, CMHC's chief economist.

Tighter conditions resulted in the average April selling price growing by nine per cent annually to $477,407.

Median Price

"In May, the median price was $400,000, from the $376,750 recorded during May of 2010."


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Toronto Real Estate Home Buying, Selling, & Sales
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Jameson Lee
(905) 346-8047
http://www.realestatetorontoon.com

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(416) 298-8200
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Toronto Mortgage Rates
2050 Sheppard Avenue East
Toronto ON M2J 5B3
Canada
(416) 502-2300
http://www.centum.ca/jameson_lee

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