MARKET UPDATE DECEMBER 2015 The Toronto Real Estate Board had the best November ever! Many are wondering why. The three most obvious reasons are: (1) Low interest rates, (2) Pent up demand from buyers, and (3) Mild weather. December promises to be busy despite the holiday season and we are on track to have the best year ever for Toronto real estate. I expect TREB will record over 100,000 sales for 2015! November figures show home sales were up 6.3%, compared to November 2014, with the average selling price being 11.1% higher. Home ...
MARKET UPDATE December 2015
December 30, 2015
Market Update March 2015
March 30, 2015
MARKET UPDATE MARCH 2015 February, 2015, will go down in history as the month in which the average price of a detached home in the City of Toronto (416 area code) surpassed $1,000,000. The average price of a detached home in the suburbs (905 area code) reached $694,285. Despite concerns of some people, economic indicators remain strong: Real GDP Growth for Q4 2014 was 2.4% The Toronto Employment Growth for January 2015 was 1% The Toronto Unemployment Rate for January 2015 was 1% The Bank of Canada overnight rate in February 2015 was 0.75% The Prime Rate ...