Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: TREB Market Watch May 2012 Hightlight

Tuesday, June 5, 2012

TREB Market Watch May 2012 Hightlight

TREB just relayed GTA May 2012 market data with home resales continued to outperform May 2011 with 10,850 transactions, increase of 11%.  The average GTA home resale price was $ 516,787.

Here we highlighted a few items for your perusal.

* 905 market grew faster in 905 zone than 416 area especially in detached, semi and condo

* Significant increase in new listings in May : need to monitor this key supply factor

For details, please refer to TREB Market Watch report.

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