TORONTO,
ONTARIO, April 5, 2017– Toronto Real Estate Board President Larry Cerqua
announced that Greater Toronto Area REALTORS® reported 12,077 residential sales
through TREB’s MLS® System in March 2017. This result represented a 17.7 per
cent increase compared to the 10,260 sales reported in March 2016. For the TREB
market area as a whole, annual sales growth was strongest for condominium
apartments and detached houses. The number of new listings also increased on a
year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March
2016. The strongest growth in new listings was experienced in the detached
market segment. While new listings were up strongly compared to last year, the
rate new listings growth was still lower than the rate of sales growth. As a
result, GTA market conditions continued to tighten. “It has been encouraging to
see that policymakers have not implemented any knee-jerk policies regarding the
GTA housing market. Different levels of government are holding consultations
with market stakeholders and TREB has participated and will continue to
participate in these discussions. Policy makers must remember that it is the
interplay between the demand for and supply of listings that influences price
growth,” said Mr. Cerqua. Strong competition between buyers continued to cause
high levels of price growth in all major market segments. The MLS® Home Price
Index (HPI) Composite Benchmark Price was up by 28.6 per cent year-over-year.
For the TREB market area as a whole, the average selling price was up by 33.2
per cent, with similar annual rates of growth in the low-rise and condominium
apartment segments. “Annual rates of price growth continued to accelerate in
March as growth in sales outstripped growth in listings. A substantial period
of months in which listings growth is greater than sales growth will be
required to bring the GTA housing market back into balance. As policy makers
seek to achieve this balance, it is important that an evidence-based approach
is followed,” 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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