Jane Chen
Sales Representative

RE/MAX Realtron Realty Inc.
Brokerage
Independently owned and operated

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

Strong Sales/Price Growth Continue in 2012

February 11, 2012 - Updated: February 12, 2012

                TORONTO, February 3, 2012 — Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.


            “A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver.


            “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.


            The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.


            “Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

 

                               


Tagged with: real estate york north york house houses for sales houses north york north york realty real estate videos new houses for sale real estate guide real estate listings mls real estate ads houses for sale mls york pa real estate agents real estate agent real estate values real estate listings north york
| | Share

Leave a comment...

Please enter the numbers found on the right.

Powered by Lone Wolf Real Estate Technologies (CMS6)