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Real Estate Market Snapshot March 2020
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December 2014 GTA REALTORSยฎ Release Monthly Resale Housing Figures
/0 Comments/in Market News/by TanTeam EditorialTORONTO, January 7, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORSยฎ reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007.
“TREB’s 2014 sales figures are a testament to the importance Greater Toronto Area households continue to place on home ownership. GTA households realize that home purchases have been a quality long-term investment. While home prices certainly increased substantially in 2014, the purchase of an average priced home remained affordable, in terms of the average household’s ability to comfortably cover their monthly mortgage payments,” said Mr. Etherington.
The average selling price continued to grow on a year-over-year basis in calendar year 2014, with an 8.4 per cent increase over calendar year 2013 to $566,726. This included a seven per cent increase in the December 2014 average selling price to $556,602. Throughout 2014, annual increases in the average selling price and the MLSยฎ HPI Composite Benchmark were consistently reported on a monthly basis for most market segments, from detached homes through to condominium apartments.
“The strong price growth we experienced in 2014 can be explained with two words: listings shortage. The constrained supply of listings was especially evident for low-rise home types like singles, semis and town houses. The number of households looking to purchase these home types increased, while the number of homes from which they could choose decreased. This situation resulted in more competition between buyers and more aggressive offers,” said Jason Mercer, TREB’s Director of Market Analysis.
Source: The Toronto Real Estate Board
Office Locations
Mississauga Office:
6948 Financial Dr, Mississauga ON L5N 8J4
Georgetown Office:
324 Guelph St, Georgetown, ON L7G 4B5
Milton Office:
459 Main St E, Milton, ON L9T 1R1
Acton Office:
273 Queen St, Acton, ON L7J 1P8
Erin Office:
122 Main St, Erin, ON N3A 3E4
Caledon Office:
17228 Mississauga Rd, Belfountain, ON L7K 0E6
TanTeam News
- A Standstill in Spring SalesMay 5, 2024 - 7:00 AM
- More Choice for Home Buyers in AprilMay 3, 2024 - 11:14 AM
- An Update On Wealth, Mortgage Hikes, and A Word On Rate Cut Expectations In CanadaApril 28, 2024 - 7:00 AM
- New Canadian Tax Hikes, Market Dynamics, and Homebuying StrategiesApril 21, 2024 - 7:00 AM
- Home Sales Dip Despite Increased Listings, Prices on the RiseApril 3, 2024 - 3:57 PM
- Changes from the U.S. to Canada – The NAR LandslideMarch 31, 2024 - 12:01 AM
- Last Week In Real Estate – March 10-16, 2024March 19, 2024 - 8:32 PM
- Buyers Re-Enter the GTA Housing Market in FebruaryMarch 7, 2024 - 9:29 AM
- A Summary of TTREB’S 2024 Market Outlook and 2023 Year in ReviewFebruary 11, 2024 - 2:48 PM
- Borrowing Costs Dip, Toronto Homebuyers Dive In: A 2024 Market UptickFebruary 6, 2024 - 4:16 PM
EHS
- $1,599,000 – Georgetown โ Halton Hills โ AvailableJanuary 23, 2024 - 5:32 PM
- $899,000 โ Northwest Brampton โ AvailableMay 2, 2023 - 12:45 PM
- $2,400 – High Park – Swansea – LeasedFebruary 15, 2023 - 8:00 AM
- $585,000 – High Park – Swansea โ SOLDJanuary 16, 2022 - 9:46 AM
- $499,500 – Queen Street Corridor – Brampton โ @Symphony Condos on Queen – SOLDDecember 26, 2021 - 10:13 AM
TanTeam Listings
- $2,350 – New Toronto – Etobicoke โ AvailableMarch 22, 2024 - 1:57 PM
- $2,450 – City Centre โ Mississauga โ AvailableMarch 7, 2024 - 12:01 AM
- $929,000 โ Rural Oakville โ Oakville โ AvailableFebruary 6, 2024 - 4:46 PM
- $1,599,000 – Georgetown โ Halton Hills โ AvailableJanuary 23, 2024 - 5:32 PM
Contact and Business Hours
24/7/365 Support Staff:
(905) 821 3200
Direct Team Contact: (During Business Hours)
(647) 615 0005
- Monday-Friday: 9am to 9pm
- Saturday: 9am to 6pm
- Sunday: 10am to 5pm
- Holidays: Hours May Differ