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.
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 ...
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