TORONTO, September 4, 2015 – Toronto Real Estate Board
President Mark McLean announced that Greater Toronto Area REALTORS® reported
7,998 residential transactions through the TREB MLS® System in August 2015.
This result represented a 5.7 per cent increase compared to 7,568 sales
reported in August 2014. On a GTA-wide basis, sales were up for all major home
types. The annual growth rate in new listings was greater than the annual
growth rate in sales, but active listings at the end of August were still down
compared to last year. This suggests that sellers’ market conditions remained
in place, especially where low-rise home types like singles, semis and
townhouses were concerned. “Buyers in the GTA remain confident in their ability
to purchase and pay for a home over the long term. They see ownership housing
as a quality investment that has historically produced positive returns while
at the same time providing owners with a place to live in their chosen
community,” said Mr. McLean. Both the MLS® Home Price Index (HPI) Composite
Benchmark and the average selling price for all home types combined were up
substantially in August compared to the same period in 2014, with both
increasing by approximately 10 per cent year-over-year. “A record year for home
sales continued to unfold in August as competition between buyers exerted
upward pressure on selling prices. It was encouraging to see annual growth in
new listings outstrip annual growth in sales, but we will need to see this for
a number of months before market conditions become more balanced," said
Jason Mercer, TREB's Director of Market Analysis.
The festive holidays are approaching, and calendars are already filling up. Whether you’re staying with family around the country or taking an extended leave to escape the winter, you may be planning to leave your home vacant for more than a day or two. To ward against coming home to the wrong kind of holiday surprise, here’s what to do before you depart. Cheap Wi-Fi cameras Security equipment might sound high-tech and expensive, but securing your home against potential intrusion doesn’t cost much. For around $30, you should be able to outfit your home with WIFI cameras which are home assistant compatible. Shut the main water off Remember to shut off the main water supply if you plan to be away from your home for more than a day. In the event of a plumbing failure, your home could fall prey to serious water damage. Install smart water sensors in your basement Installing a smart water sensor in your basement can easily save a lot of money and worry. Some models will alert you to leaks a...
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