"... While some households have put their decision to purchase on hold as a result of stricter lending guidelines or the additional Land Transfer Tax in the City of Toronto, other households simply haven't been able to find the right house due to a shortage of listings in some market segments," said Toronto Real Estate Board President Ann Hannah with the release of March 2013 GTA home resales data.Just a few quick highlight pointers:-
- There were 7,765 resales in March in Greater Toronto. It was -17% from 2012's March. The average home sold price was $519,879, +3.8% versus a year ago.
- Compared to Q1 (Jan.-Mar.) of 2012, this quarter recorded -14% in number of resale transactions and +3.2% in home average sale price.
- Semi-detached, townhouse segments in 416 area; detached, townhouse segment in 905 area grew more than the average growth rate.
- There were less new listings this March (-9%).
For the detailed Market Watch report, please refer to www.torontorealestateboard.com.
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