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Teranet Named Top Toronto Employer

Author: GeoWarehouse
December 19, 2017

Teranet has been named one of Greater Toronto’s Top Employers for 2018! MediaCorp Canada Inc. holds an annual competition to recognize the best companies in the Greater Toronto Area by evaluating work environments — and Teranet’s work environment was deemed one of the best. See the reasons why Teranet is such a great employer: https://www.teranet.ca/teranet-news/teranet-named-top-toronto-employer/.

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In November, the Teranet–National Bank National Composite House Price Index™ was down 0.5% from the previous month, the third consecutive monthly decline and the largest for a month of November outside of a recession. Indexes were down for four of the 11 metropolitan areas surveyed: Toronto (−1.4%), Hamilton (−1.6%), Ottawa-Gatineau (−0.8%) and Edmonton (−0.7%). Indexes for the two West Coast markets, Vancouver and Victoria, were flat. Indexes were up for Montreal (1.0%), Quebec City (0.9%), Halifax (0.8%), (Calgary 0.7%) and Winnipeg (0.5%). For Toronto, it was the fourth straight monthly decline, for a total drop of 7.1%. For Hamilton, it was the third straight decline, for Ottawa-Gatineau and Edmonton the second.

However, the raw index* for Toronto was up 0.2% in November after four consecutive monthly declines totalling −8.5%. The retreat did not occur uniformly across all types of housing. The condo sub-index fell 4.4% in two months and then partly recovered with a gain of 2.3% over the last two months. Meanwhile, the sub-index for other types of housing declined in each of the last five months, for a total drop of −10.8%. Last month’s decline was the smallest of the five at −0.6%. November’s increase in the raw index could have been caused by some buyers rushing to buy before the implementation in January of the new ruling on qualification to an uninsured mortgage. The assumption of a rush is based on the fact that sales rose from October to November, bucking the usual seasonal trend.

Teranet-National Bank National Composite House Price Index™

The stabilization of the Vancouver index in November came after six consecutive months of all-time highs. The condo subindex has been especially vigorous, 10 consecutive months of increases for a total rise of 19.0%. The Montreal and Halifax indexes were also at record highs.

In November the composite index was up 9.2% from a year earlier, the smallest 12-month gain since June 2016 and a fourth consecutive deceleration from record 12-month gains of 14.2% in both June and July. The November 12-month rise was led by Victoria (14.0%), Vancouver (13.5%), Hamilton (12.3%) and Toronto (10.6%). The 12-month advance was much smaller in Montreal (6.7%), Ottawa-Gatineau (4.9%), Halifax (2.1%), Calgary (1.8%), Quebec City (1.0%), Winnipeg (0.8%) and Edmonton (0.2%).

Among 14 markets not included in the countrywide composite index, indexes for Barrie and Oshawa were down for a fourth straight month and those for Brantford and Kitchener-Cambridge-Waterloo for a third straight month. All 14 indexes were nevertheless up from a year earlier, though the 12-month increase ranged widely from 3.7% in Thunder Bay to 19.3% in the St. Catharines–Niagara market

For the full report including historical data, please visit our website: https://housepriceindex.ca

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October 19, 2017

Real estate sales professionals across Canada will love our new Teranet Market Insights report, which features insights into Canada’s housing market. In this inaugural edition, we dive deep into Ontario price and volume dynamics and changes in the Ontario mortgage market over the past three years. Accurate, in-depth, and timely — you’ll want to keep this report bookmarked to return to over and over again.

Click here to view this month’s report: http://www.teranet.ca/wp-content/uploads/2017/10/Teranet-Market-Insight-Report_Sept20179.pdf.

Click here to subscribe and receive the report right in your inbox: https://marketing.geowarehouse.ca/acton/fs/blocks/showLandingPage/a/1288/p/p-01ff/t/page/fm/0.

 

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August 9, 2017

To better reflect its growth, Teranet has unveiled a new corporate brand and website.

As Canada’s leader in the delivery of statutory registry services and real estate solutions, Teranet is continually growing and evolving to be able to offer more in-depth services and data.

The new brand and website reflects this commitment and reputation.

According to the press release, “As we continue to grow, it’s critical that our brand represents who we are and where we’re going,” says Elgin Farewell, Teranet President & CEO. “We want our corporate identity to connect to our proud and unique history, but to also represent our values and capabilities.  Teranet.ca showcases our ongoing innovations and achievements, which will help tell our story and attract future talent.”

Teranet is Canada’s source for land data and commercial registries insights. To find out more about Teranet, please visit the new website at www.teranet.ca.

 

 

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DMTI Spatial has announced the launch of its new Location Hub® service with enhanced condo information provided by Teranet. This new report makes it easier for companies to better manage their condominium concentration risk through an enhanced condo building database.

DMTI Spatial noted: “We are excited to add this enriched data source into Location Hub web services as it provides valuable location-based insights down to the condo building and unit level,” said Paul Franc, general manager, vice president of sales. “This is a key data set our clients value for sophisticated market and risk analysis. Having the ability to understand the number of unique condo buildings and the total number of units with a specific market will give companies involved in this market space the ability to power their analytic/BI needs within critical workflows to help with risk mitigation and market penetration.”

Teranet is excited about this new partnership!

Find out more by visiting https://ca.finance.yahoo.com/news/dmti-spatial-enhances-location-hub-144500001.html.

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