Mattamy Homes (834) and Tribute Communities (811) follow Brookfield in
the GTA market rankings.
May I humbly add that in
the GTA market, there is an important element — high - rise condo's, where the «flipper» gets the key to the unit as an «occupant» several months before the actual transfer of title, and pays a robust «Occupancy Fee».
Wealthy buyers, baby boomers and foreign investors went on such a spirited real estate spending spree in 2014, they are «driving
the GTA market more than ever» and making even the $ 1 million - plus condo a hot commodity.
This news has been making a lot of noise lately, and people have been jumping to conclusion that
the GTA market is going nuts... BUT IS IT REALLY?
Other than stats which you'll see below, what are the real issues for
the GTA market?
TREB suggests
the GTA market is a key to economic health in Ontario.
He argued that by omitting vital MLS information such as historical data, VOWs are at a competitive disadvantage and will not be able to break into the red - hot, yet cutthroat
GTA market.
Not only is the focus or main interest of the above statement the VOW operators, but this fact is further reinforced to the extent that the Competition Bureau's lawyer goes so as far as to acknowledge the nature of the «cutthroat
GTA market.»
Essentially the Competition Bureau of Canada's lawyer has acknowledged at the Tribunal that there is a problem in the GTA, with the nature of the current competition among those real estate Registrant's or Practitioner's conducting business in the area, leading to a «cutthroat
GTA market» Given the nature of Competition Bureau of Canada's acknowledgment, would a reasonable person not draw from this that it was more likely that a consumer would to pay too much for a home — given the nature of the
GTA market, as so described by the Competition Bureau of Canada's own lawyer?
In
a GTA market of 42,000 + licensed Realtors and 200,000 transactions per year, it is imperative that individual salespeople distinguish themselves from the rest.
In August of this year, despite a softening
GTA market, the firm opened a third office, this time in Richmond Hill.
Hi everyone, what are your views on
the GTA market?
Should Canadian's really accept that the kind of excessive competition that can give rise to a ``... cutthroat
GTA market.»
In addition, Mr. Rook even further acknowledged TREB's success when he clearly implied that he didn't expect such strong competition (in the sense of broker's services) would occur in a «red - hot, yet cutthroat
GTA market!»
In this regard, the Competition Bureau only needs to regard the words of their own lead Counsel (John Rook) in regards to
the GTA market being «cutthroat» from the perspective of REALTOR behavior towards acquiring new business!
We should remember that the Competition Bureau of Canada's lawyer (Rook) is already on the record at the Tribunal as regarding the Greater Toronto Area market as being a: ``... cutthroat
GTA market.»
Your honor, it is our position that TREB has substantial or complete control of real estate brokerage services in the GTA; that TREB has exercised that control in a manner that has had the effect of creating or maintaining its market power to the benefit of its members; and that this has substantially lessened competition in the real estate marketplace, which is evidenced in no uncertain terms, by «the red - hot, yet cutthroat
GTA market.»
I personally was discouraged by
the GTA market due to the cap rates etc and now focus my investments and flips in more of eastern Ontario which have been quite successful over the past two years.
So what could happen when a lawyer makes a major slip and says something that we know they believe («the red - hot, yet cutthroat
GTA market.»)
Not exact matches
While this all might add up to a moderate correction in the Toronto condo
market, Alexander doesn't believe a slowdown in new condo sales acts as a threat to the
GTA economy, or the Canadian economy as a whole.
Take the
GTA and Vancouver out of the equation and you have a vastly different looking housing
market.
Jason Mercer, the board's senior manager of
market Analysis, said the relative short supply of low - rise home types in many parts of the
GTA continued to «prompt strong upward pressure on selling prices of singles and semis.»
Home sales in the Greater Toronto Area (
GTA), Canada's largest housing
market, and among the most inflated in the world, plunged 32 % in April, compared to a year ago, to 7,792 homes, according to the Toronto Real Estate Board (TREB), a real estate lobbying group.
«Furthermore, we believe that any attempt to increase the Toronto land transfer tax should require approval from the provincial government, given the significance of Toronto's economy to the province and the connections between the Toronto real estate
market and that of the broader
GTA.»
BILD says the
market for new construction homes across the
GTA picked up in September but it was primarily driven by sales of multi-family homes
April sales were down from the previous month in close to two - thirds of all local
markets, led by the Greater Toronto Area (
GTA) and offset by gains in Greater Vancouver and the Fraser Valley.
The ratio was above the sellers»
market threshold in about 60 % of all local housing
markets in March, the majority of which are located in British Columbia, in and around the
GTA and across southwestern Ontario.
Jason Mercer, the board's senior manager of
market analysis, said the rise in prices was in large part a result of inadequate supply of detached and semi-detached homes in many parts of the
GTA, particularly in the city of Toronto.
In the
GTA real estate
market, it would appear there is no end in sight to the bidding wars, multiple offers and craziness.
About Blog EventSource.ca is Toronto &
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Description:
GTA Online: Bikers opens up an entirely new part of the criminal underbelly of
GTA Online, bringing proper Motorcycle Clubs to the roadways and ever - evolving illicit
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GTA Online: Bikers opens up an entirely new part of the criminal underbelly of
GTA Online, bringing proper Motorcycle Clubs to the roadways and ever - evolving illicit
markets of Blaine County and Los Santos.
In late 2013, when the original Watch Dogs was expected to be a launch title for the PS4 and Xbox One, they issued some
marketing materials that said «two months is enough in Los Santos», referencing how Watch Dogs should be the game players buy next after picking up tens of millions of copies of
GTA V in September 2013.
«Think back to
GTA when it came out, and what was actually found is it grows the overall
market.
Considering the kind of money
GTA 5 brought in, Rockstar could have easily afforded a segment on the show, and since we're just a few days away from the quarterly Take - two investor call, it was logical to assume the devs would bag this
marketing ace.
Considering that Rockstar Games has evolved since the times of
GTA IV, going for a free update strategy instead of story based expansions, it doesn't look likely that PS4 is getting some sort of
marketing deal to announce here.
However
GTA Online itself has arguably become the developer's strongest delivery method for
marketing material.
GTA 5's budget was over a quarter billion, and reportedly half of that went into
marketing.
GTA 5 had a pretty strong
marketing campaign prior to release, such as entire trams being covered in promotional art, the sides of large buildings being emblazoned with posters, and it was probably the single most represented game on billboards ever.
Recently
Market Watch released some data on GTA 5, and even if they weren't quite right about it being the most profitable media product, they did show that PC sales account for only 2.1 % of all shipped copies, meaning there isn't that huge a market for it on this platform, and that won't exactly mark the PC as a priority, even if 2.1 % of 90,000,000 copies sold is 1,890,000, more than some other games sell in their lifetimes.One thing is for certain - if we ever do get a PC port of RDR2, it will only be officially confirmed after the game's initial release, considering how many extra sales GTA 5 raked in with people buying the same game over and over for multiple platfo
Market Watch released some data on
GTA 5, and even if they weren't quite right about it being the most profitable media product, they did show that PC sales account for only 2.1 % of all shipped copies, meaning there isn't that huge a
market for it on this platform, and that won't exactly mark the PC as a priority, even if 2.1 % of 90,000,000 copies sold is 1,890,000, more than some other games sell in their lifetimes.One thing is for certain - if we ever do get a PC port of RDR2, it will only be officially confirmed after the game's initial release, considering how many extra sales GTA 5 raked in with people buying the same game over and over for multiple platfo
market for it on this platform, and that won't exactly mark the PC as a priority, even if 2.1 % of 90,000,000 copies sold is 1,890,000, more than some other games sell in their lifetimes.One thing is for certain - if we ever do get a PC port of RDR2, it will only be officially confirmed after the game's initial release, considering how many extra sales
GTA 5 raked in with people buying the same game over and over for multiple platforms...
All joking aside, players who say that
GTA 5 also had so little
marketing this early on fail to see one small issue with it.
Mass media
marketing for
GTA 5, such a billboards, tram liveries, TV spots and clickable banners on every website even remotely related to digital entertainment only started closer to release.
We've said ourselves that generally speaking, the Red Dead IP speaks to a different
market segment as
GTA does.
Following the most recent earnings report, the publisher hosted a call to investors where it received many questions about Red Dead Redemption,
GTA Online, and the PC
market.
Even one year before release,
GTA 5 has a lot more going for it in terms of
marketing, meaning Red Dead Redemption 2 has a lot of catching up to do, if that is the plan at all.
The immense success of
GTA is three-fold: lots of
marketing, mainstream appeal and wide potential audience.
With
GTA Online's ballooning player base and constant growth, it too, in spite of being another product in the company's lineup, is also one of the most ideal venues of
marketing that is guaranteed to reach a lot of potential buyers.
The DB7
GTA is an even rarer car than the DB7 GT, with only 112 ever built; 60 of which were sold on the UK
market and only 17 for the USA.
«These estimates coincide with the percentages of new condos entering the rental
market upon completion, indicating the important role (domestic) investors play in the
GTA housing
market.»
According to the 2017 Spring
market Trends Report by Re / Max, demand in the
GTA is expected to remain high throughout 2017.