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Showing posts from February, 2013

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES - February 2013

TORONTO, February 19, 2013 – Greater Toronto Area REALTORS® reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8.3 per cent compared to the same period in 2012. “The number of transactions was lower for most home types in comparison to last year, but so too was the number of new listings. This means that market conditions remained quite tight, especially for low-rise home types. The result was continued price growth over last year,” said Toronto Real Estate Board President Ann Hannah. The average selling price for TorontoMLS transactions in the first half of February was $509,061 – up by four per cent in comparison to the same time last year. “The annual rate of price growth so far in February has been in line with expectations for 2013. The average selling price in the GTA will continue to grow this year but at a slower pace compared to 2012. The basis of this price growth will be the low-rise segment o

What They Sold For January 2013

Market Watch --- Positive Start to 2013

February 5, 2013 -- Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012. This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market,” said Toronto Real Estate Board (TREB) President Ann Hannah. “It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto,” added Ms. Hannah. The average selling price for January 2013 sales was $482,648 – up by 4.3

Toronro MLS Average Resale Home Price January 2013

Toronto MLS Sales-To-New Listings Ratio January 2013

Toronto MLS New Listings January 2013

Toronto MLS Sales January 2013