Good evening everyone;
From Thursday November 26th – Sunday November 29th I will be away attending our son’s first hockey tournament! We will be in Pittsburgh for 4 days hoping to come back victorious.
I will be reachable anytime but of course not physically available. In my absence, if required, you may contact me and anyone of the following:
In the Market – NOVEMBER 2015 TREB MID-MONTH STATISTICS
Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service®. Over 42,000 TREB Residential and Commercial Members serve consumers in the Greater Toronto Area. TREB is Canada’s largest real estate board.
November 17, 2015 – Toronto Real Estate Board Members reported 3,616 sales through the TREB MLS® System during the first 14 days of November 2015. This result represented a 9.4 per cent increase compared to November 2014. Year-over-year sales growth was strong for all major market segments, with the annual rate of sales growth strongest for semi-detached houses in the TREB market area as a whole.
The number of new listings entered into the TREB MLS® System by Members was also up compared to 2014, but by a lesser annual rate than sales. This suggests that market conditions remained quite tight, with inventory levels remaining low, especially for low-rise home types like detached and semi-detached houses and townhouses.
Growth in the overall average price for the TREB market area over the past year remained strong, with the average for the first two weeks of November amounting to $635,440. This result represented a 9.5 per cent increase over the average price reported for the first two weeks of November 2014.
Broken down by home type and geography, the strongest price growth in the City of Toronto and the surrounding regions was reported for single-detached houses. While tight market conditions and the resulting competition between buyers certainly played a key role in price growth, it is important to remember that changes in average prices can also be influenced by the mix of homes sold from one period to the next.
Average Detached Home in the 416 area $1,042,878
Thought: The low CDN dollar will attract even more non-resident purchases!
It’s been a little crazy – Next week I will have an update on the “construction Blog” Will we survive?????
Have a super, fantastic weekend and even better week, Anthony