October 5, 2015 – Toronto Real Estate Board President Mark
McLean announced that Greater Toronto Area REALTORS® reported a record number
of transactions for the month of September through TREB’s MLS® System. There
was a combined 8,200 home sales reported for September 2015. This result was up
2.5 per cent compared to September 2014. TREB MLS® sales through the first nine
months of 2015 amounted to 80,331, which also represented a record result and a
9.5 per cent increase compared to the first three quarters of 2014. “We are on
track for record home sales reported through TREB’s MLS® System this year.
Barring a drastic shift in the economy over the next three months, total
transactions reported by TREB Members in 2015 are expected to be at or near the
100,000 mark. This is a testament to the importance that GTA households put on
home ownership as a long term investment,” said Mr. McLean. The MLS® Home Price
Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year.
The average selling price for all home types combined was also up by 9.2 per
cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the
average price was driven by the low-rise market segments, including detached
and semidetached houses and townhouses. “While September was the second
straight month where annual growth in new listings outstripped annual growth
sales, total active listings at the end of the month still remained below last
year’s level. This, coupled with the record pace of sales experienced so far
this year, suggests that competition between buyers will remain strong as we
move into the fourth quarter. Expect strong rates of price growth to continue
through the remainder of 2015 and into 2016,” 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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