Skip to main content

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES BEST RESULT ON RECORD FOR THE MONTH OF NOVEMBER 2015

TORONTO, ONTARIO -- December 3, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of 2015 amounted to 96,401. “Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA,” said Mr. McLean. The MLS® Home Price Index (HPI) Composite Benchmark was up by 10.3 per cent year over year in November. The average selling price for all transactions was also up by a similar annual rate of 9.6 per cent to $632,685. Annual rates of average price growth for November and the first eleven months of 2015 were similar, with the strongest rates of increase being reported for low-rise home types, including detached and semi-detached houses and townhouses. “Demand for ownership housing has remained strong in the GTA throughout 2015, with sales generally increasing at a greater annual rate compared to new listings. This means that competition between buyers has strengthened in many neighbourhoods in the City of Toronto and surrounding regions. The end result has been upward pressure on home prices well above the rate of inflation in most cases,” said Jason Mercer, TREB’s Director of Market Analysis

Comments

Post a Comment

Popular posts from this blog

GTA REALTORS ® Release July 2025 Stats

TORONTO, ONTARIO, August 6, 2025 – The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.  “Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales. More relief is required, particularly where borrowing costs are concerned, but it’s clear that a growing number of households are finding affordable options for homeownership,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – up by 10.9 per cent compared to July 2024. New listings entered into the MLS® System totalled 17,613 – up by 5.7 per cent year-over year.  On a seasonally adjusted basis, July home sales increased month-over-month compared to June 2025. New listings also rose compared...
Post a Comment
Read more

Getting Your Home Back To School Ready

The countdown is on for back to school. If you have school-aged kids, now the time to prep for the busy days ahead. So, how can you get your home ready for the rush? Organize your entryway with a place to hang jackets and a spot for essentials you might need just before you go (e.g., sunglasses and keys). Declutter clothes and books, donating or selling items your kids have outgrown. Designate a study area with ample space, good lighting, and a comfortable chair. This could be in the kitchen so you can supervise homework while cooking, at the dining table, or at a desk in your child’s bedroom. Also, organize and stock up on school supplies. Organize cupboard space for lunch containers. Create a spot for quick and healthy after-school snacks like fruits and nuts, and reserve space in the fridge for perishable snacks like yogurt, cheese, and cut-up vegetables. Have a spot to hang art and test scores, such as a pegboard, a strong with clothespin, or a classic spot, the fridge. With little...
Post a Comment
Read more

7 Ways to Make Your Home Cozier This Winter Without Spending

As the temperatures continue to drop, we'll all be spending more time indoors. There are countless ways to make your home feel cozier for the winter if you have extra money to spend, but if you're being mindful of your finances after the holidays, here are some ideas to help you do it without spending. Bring Out the Blankets As the temperatures drop, it’s time to bring out all of those extra throw blankets and quilts you have lying around in storage. Drape blankets over your couches, chairs, beds, and ottomans; fill a blanket ladder and display it in the corner of a room; or fold extra blankets and place them in the corner. Sticking to warm textures such as wool where possible will help to make the space feel cozy. Light Candles Lighting some candles around your home is one of the easiest ways to make your space feel cozy, and who doesn’t have a stash of candles sitting around somewhere in their home? Not only will the flickering light add a sense of warmth and charm, but your ...
Post a Comment
Read more