This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies.
More information

Jane Chen
Sales Representative

RE/MAX Realtron Realty Inc.
Independently owned and operated

Phone: 905-470-9800  Fax: 905-470-7770  Mobile: 416-418-9568


March 2, 2014
TORONTO, February 19, 2014 – Toronto Real Estate Board President Dianne Usher announced that 
“sales growth has rebounded so far in February after a slow start to the year in January. While new 
listings were still down in comparison to last year, the annual rate of decline was less than experienced 
last month. This may point to an improvement in the listings situation moving forward, which would 
help alleviate some of the pent-up demand that currently exists in the marketplace." 
Greater Toronto Area REALTORS® reported 2,767 sales through the TorontoMLS system during the first 
14 days of February. This result was up by 1.3 per cent in comparison to 2,731 transactions reported 
during the same period in 2013. New listings were down by 6.1 per cent on a year-over-year basis. 
"Price growth well above the rate of inflation will be the norm for the remainder of the year. Over the 
same period, mortgage rates are expected to remain low, thereby keeping home ownership affordable 
in the GTA," said Jason Mercer, TREB's Senior Manager of Market Analysis. 
The average selling price during the first two weeks of February 2014 was $547,107 – up 7.8 per cent 
compared to the average of $507,474 for the first 14 days of February 2013. 

Tagged with: resale market figures info
| | Share

Leave a comment...

Powered by Lone Wolf Real Estate Technologies (CMS6)