Blog Elements • The TanTeam Real Estate Group

TORONTO, July 7, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.

“As I begin my term as TREB President, I think it is important to point out that our region continues to grow in response to our diverse economic, ethnic and cultural bases. The GTA consistently receives international accolades as one of the best places in the world to live and do business. As the number of households grow, many of them will take advantage of the diversity of affordable home ownership opportunities that exist in Toronto and the surrounding areas,” said Mr. McLean.

Selling prices were up markedly on a year-over-year basis in June, for all major home types. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent in comparison to June 2014. The average selling price was up by 12.3 per cent over the same period to $639,184.

High-end homes have accounted for a greater share of overall transactions this year compared to last year. This is the key reason why the average selling price has increased at a greater annual rate than the MLS® HPI Composite Benchmark. “It is encouraging to see that new listings have edged upward so far this year, as homeowners have reacted to strong home price growth and have looked to take advantage of increased equity in their homes. However, the annual rate of sales growth continues to far outstrip listings growth, which means that there remains a lot of willing buyers in the marketplace who haven’t found a home that meets their needs. As long as this situation persists, expect home prices to trend strongly upward,” said Jason Mercer, TREB’s Director of Market Analysis.

Source: The Toronto Real Estate Board

Summer is in and so is the heat, over at The TanTeam, we are hoping you are staying cool and hydrated in the sun!

A quick update on the Real Estate market if you will, it sure has been very active the past couple weeks this goes both ways for sellers and buyers in the GTA, with rates still attractively low, and a relatively dry inventory of available Real Estate for sale, it’s no wonder we are still seeing a rise on Real Estate prices!

It might surprise you that you might be missing out on the heated market, if you have spare equity lying around, you might as well park it into something that will generate some form of return (and I’m not saying at the banks) let’s talk about some Real Estate! The TanTeam offers free consultation for real estate investing and of course finding you and the family a new place to call home, Talk To Tan today to find out more! 647-615-0005.

Don’t forget to go EHS if you haven’t already, curious? Don’t get left behind! Start Planning To Maximize The Equity In Your Home Today!

Without further adieu, please enjoy our latest flagship e-news: Tan•gazine June-July 2015 Vol 4 Issue 4!

Until Next Time Happy Reading,

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June 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine June – July 2015 Vol 04 Issue 04

June 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine June – July 2015 Vol 04 Issue 04

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June 2015 GTA REALTORS® Release Monthly Resale Housing Figures

Tan•gazine June – July 2015 Vol 04 Issue 04

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