Skip to main content

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET FIGURES ..June 2014

TORONTO, July 4, 2014 – Stepping into his role as President of the Toronto Real Estate Board, Paul
Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up
compared to the same period in 2013, but by a lesser annual rate. This means that competition between
buyers increased in June.

“Home buyers in the Greater Toronto Area are confident in their ability to purchase and affordably pay for a home. Generally speaking, buyers feel that ownership housing will be a good investment over the long term. This is why we continued to see increases in home sales in June for all major home types across the GTA. Given the degree of pent-up demand in the market today, I would expect to see sales growth continue through the summer,” said Mr. Etherington.

The average selling price for June transactions was $568,953, representing an increase of 7.4 per cent
compared to June 2013. The strongest price increase for the GTA as a whole was for semi-detached
houses, with the average price up by 9.7 per cent year-over-year. The pace of price growth for
condominium apartments was also strong at 6.8 per cent.

“With less than two months of inventory in many parts of the GTA, it makes sense that we continued to
experience very strong price growth in June. This is especially the case for low-rise home types like
singles, semis and townhouses. Strong price growth for these home types will continue through the
remainder of 2014. Despite higher inventory levels, the condominium apartment market segment has
benefitted from enough buyer interest to result in above-inflation price growth,” said Jason Mercer,

TREB’s Senior Manager of Market Analysis. 

Comments

Popular posts from this blog

ANOTHER ABSOLUTE STUNNER IN BAYVIEW VILLAGE

If You're Looking For A Bright & Spacious Bungalow That's Move-In Ready, This Is It! Warm & Inviting From The Moment You Step Inside. Thousands Spent In Upgrades Including: Updated Baths, Kitchen, Stainless Steel Appliances, HVAC & Walk Out To Private Side Yard Covered Deck w/BBQ & Natural Gas Line. A Spectacular Family Room Addition w/ Vaulted Ceilings & Extra Large Sliding Windows Sets This Bungalow Apart From Others. Separate Entrance To Finished Basement With Oversized Above Grade Windows That's Easy To Convert To An In-Law Suite, Tons Of Built In Storage, Hardwood Floors Thru-Out, Double Car Garage, 2 Fireplaces & More. Steps To TTC, Parks, Shopping & Schools. Earl Haig School District. This Is A Must See!!!! Please don’t hesitate to contact us, we’re happy to answer any questions you have.  Jason Walker  |   Realtor 416-930-3301 | 1jawalker@gmail.com

Ordering Picture Frames Online

Thanks to smartphone technology, it's now possible to send your favourite photographs and images off to a professional framing house, without leaving your home or risking damage to a precious print. All you need is a good quality digital photograph or image from your phone or camera that you can email or file transfer. In some cases, depending on the facility (and copyright laws), you may also be able to provide a high-resolution image of artwork for framing. Of course, the higher the resolution you can send, the better the quality of the results you'll receive.  But, that's just the beginning. Before committing to a particular frame, you can now use a frame service's app to test-view your photo, poster or art in position with an entire inventory of virtual framing and matting arrangements. You can try different combinations until you find the one that works best for you. You can even see how an individual piece looks on your wall or plan out an entire collage or galler

TRREB MLS® Sales-to-New Listings Ratio April 2023