Blog Elements • The TanTeam Real Estate Group

TORONTO, October 5, 2015 — Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.

TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

“We are on track for record home sales reported through TREB’s MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long-term investment,” said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year. The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semi-detached houses and townhouses.

“While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year’s level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016,” said Jason Mercer, TREB’s Director of Market Analysis.

Source: Toronto Real Estate Board

We hope you are enjoying the fantastic weather this summer as much we are!

The kids might be back in school but you still got the chance to fire up the grills for as long as the summer heat holds up. It’ll be interesting to note that traditionally around this time of the year, the real estate market hushes momentarily but that is not the case this year!

As it was for the past year, real estate inventory has been relatively dry which is causing pent up demand in certain pockets of the GTA that equates to strong home price growth.

Are you affected by this positive northward price increase? Curious and by how much exactly?

The good news is that’s where our EHS program kicks-in. We assist in establishing the maximum price point of which your home is potentially worth thereby unlocking future plans you might have for you and the family down the road, maybe not today or tomorrow but for the days after and beyond.

The bad news? Well, there are none really – other than not knowing!

We are only a short email or phone call away should that be something on your real estate road map moving forward! It’s really informal and obligation-free, it won’t cost you more than a couple of pleasant exchanges and some spare time.

Feel free to be in touch with Tan @ 647-615-0005 or [email protected]

Going backwards – Without further adieu, tune in and enjoy our latest complimentary bi-monthly Tan•gazine enews, featuring August – September 2015 Vol 04 Issue 05!

Until Next Time Happy Reading,

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Half Sized Blog Element (Multi Author Style)

September 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine August – September 2015 Vol 04 Issue 05

September 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine August – September 2015 Vol 04 Issue 05

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September 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine August – September 2015 Vol 04 Issue 05

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