Skip to main content

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES - February 2013

TORONTO, February 19, 2013 – Greater Toronto Area REALTORS® reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8.3 per cent compared to the same period in 2012.


“The number of transactions was lower for most home types in comparison to last year, but so too was the number of new listings. This means that market conditions remained quite tight, especially for low-rise home types. The result was continued price growth over last year,” said Toronto Real Estate Board President Ann Hannah.

The average selling price for TorontoMLS transactions in the first half of February was $509,061 – up by four per cent in comparison to the same time last year.

“The annual rate of price growth so far in February has been in line with expectations for 2013. The average selling price in the GTA will continue to grow this year but at a slower pace compared to 2012. The basis of this price growth will be the low-rise segment of the market, for which months of inventory and therefore choice for buyers remains very low,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Comments

Post a Comment

Popular posts from this blog

GTA REALTORS Release March 2025 Stats

Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home. “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should improve,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. “Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach to home buying. If trade issues are solved or public policy choices help mitigate the impact of tariffs, home sales will likely increase. Home buyers need to feel their employment situation is solid before ...
Post a Comment
Read more

New Listing - 32 Cambridge Avenue

***Perfect Playter Estates Semi In Prime Jackman School District*** Bright & Spacious 3 Bedroom Semi, Open Concept, Updated, Hardwood Floors Thru-out & Bonus In Law Suite In Basement. Very Rare 2 Car Parking, Steps To Subway & Danforth.
Post a Comment
Read more

New Listing - 12 Feldbar Court

***Wonderful 4 Bedroom Executive Style Home In Prime Willowdale East*** Bright & Spacious, Terrific Flow, Generously Sized Rooms, Hardwood Floors Throughout, Multiple Walk-Outs, Finished Basement, Double Car Garage & Bonus Main Floor Office. Lovingly Maintained By Long Time Owner & In Pristine Condition. Awaits Your Designers Touch! So Many Options: Move In, Rent Out Or Renovate To Taste. Steps To Parks, Schools, Shopping & TTC. Earl Haig School District.
Post a Comment
Read more