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

Thursday, September 6, 2012

TREB Market Watch August Hightlight

This August recorded 12.4% fewer home resales in GTA when compared to August 2011.

* TREB attributed the decline partially to the new CMHC mortgage rules introduded in July as well as land transfer tax of Toronto.

* Out of all home type in "416" and "905" areas, townhouse in "905" is the only sector that is more active this year than 2011.

* For the first time this year, the new listings reduced.  There were 5.5% less new listings in August as opposed to 12 months ago.  "Market conditions remained quite tight... "  TREB Analyst.

To read the entire report, here it is.

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