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September 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

September 16, 2014/0 Comments/in Market News/by TanTeam Editorial

TORONTO, September 16, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,297 sales through the TorontoMLS system during the first 14 days of September 2014. This result represented an 8.3 per cent increase compared to the same period in 2013. Year-to-date sales through September 14, at 68,731, were […]

August 2014 GTA REALTORS® Release Monthly Resale Housing Figures

September 4, 2014/0 Comments/in Market News/by TanTeam Editorial

TORONTO, September 4, 2014 — Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per […]

September 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

September 16, 2014/0 Comments/in Market News/by TanTeam Editorial

August 2014 GTA REALTORS® Release Monthly Resale Housing Figures

September 4, 2014/0 Comments/in Market News/by TanTeam Editorial

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September 2014 GTA REALTORS® Release Mid-Month Resale Housing Figures

September 16, 2014/0 Comments/in Market News/by TanTeam Editorial

“The sales result for the first two weeks of September showed strong growth for most major home types, indicating that home buyers continue to find homes that meet their needs and budgets. With a lot of buyers active in the marketplace relative to the number of homes for sale, average selling prices were up strongly for most low-rise and high-rise home ownership options,” said Mr. Etherington.

The average selling price for September mid-month sales was $555,890, which represented an increase of 8.1 per cent compared to the average price for the first two weeks of September 2013. Average price growth was strongest for single-detached and semi-detached homes.

The average year-to-date selling price was up by 8.5 per cent year-over-year to $562,244.

“Average prices in the low-rise market segments, including singles, semis and towns, continued to experience the impact of strong competition between buyers. It is also clear that while the condo apartment market segment remains comparatively better supplied, there are enough buyers relative to available condo listings to prompt very strong average price growth for this type of ownership housing as well,” said Jason Mercer, TREB’s Director of Market Analysis

Source: Toronto Real Estate Board

August 2014 GTA REALTORS® Release Monthly Resale Housing Figures

September 4, 2014/0 Comments/in Market News/by TanTeam Editorial

“The last full month of summer ended on a high note. As we look toward the fall market, I expect that demand for ownership housing will remain strong. Home buyers will continue to benefit from a diversity of affordable home ownership opportunities throughout the GTA. The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today’s marketplace,” said Mr. Etherington.

The average selling price in August 2014 was $546,303 – up 8.9 per cent in comparison to the average of $501,677 reported in August 2013. The year-to-date average price through August was $562,504, which represented an increase of 8.5 per cent in comparison to the same period in 2013.

“The number of listings in August was down in comparison to last year, while the number of sales increased. This means that sellers’ market conditions remained in place with a lot of competition between buyers. This is why we continued to see strong price growth last month. Looking forward, if sales growth continues to outstrip listings growth, the average selling price should continue to increase on a year-over-year basis,” said Jason Mercer, TREB’s Director of Market Analysis

Source: Toronto Real Estate Board