TORONTO, February 4, 2015 - Toronto Real Estate Board President Paul
Etherington announced a strong start to 2015, with robust year-over-year sales
and average price growth in January. Greater Toronto Area REALTORS® reported
4,355 home sales through the TorontoMLS system during the first month of the
year. This result represented a 6.1 per cent increase over January 2014. During
the same period, new listings were up by 9.5 per cent. "The January
results represented good news on multiple fronts. First, strong sales growth
suggests home buyers continue to see housing as a quality long-term investment,
despite the recent period of economic uncertainty. Second, the fact that new
listings grew at a faster pace than sales suggests that it has become easier
for some people to find a home that meets their needs," said Mr.
Etherington. The average selling price for January 2015 home sales was up by
4.9 per cent year-over-year to $552,575. The MLS® Home Price Index (HPI)
Composite benchmark was up by 7.5 percent compared to January 2014. "Home
price growth is forecast to continue in 2015. Lower borrowing costs will
largely mitigate price growth this year, which means affordability will remain
in check. The strongest rates of price growth will be experienced for low-rise
home types, including singles, semis and town houses. However, robust enduser demand
for condo apartments will result in above-inflation price growth in the
high-rise segment as well," said Jason Mercer, TREB's Director of Market
Analysis
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
Comments