Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: TREB Market Watch February 2013 Highlight

Wednesday, March 6, 2013

TREB Market Watch February 2013 Highlight

TREB released the resale numbers of February with Ann Hannah, TREB President's quote: 

"Stricter mortgage lending guidelines that precluded government backed mortgages on home sold for over one million dollars and the City of Toronto's addition upfront land transfer tax arguablu played a role in the slower pace of luxury detached home sales."

We marked up on the summary.

* Number of resales dropped 15% compared to last year (leap year).

* The average GTA home resale price this February is $510,580.

* In term of number of transactions, townhome is the most resilient segment

* Over the past 12 months, average sale prices of semi-detached and townhouse increased by 5.6% and 6.7%, respectively.

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