Google+ Real Estate by Fanny Lee & TheTeam :Own Homes. Grow Wealth. Pass It On.: TREB Market Watch March 2013 Highlight

Thursday, 4 April 2013

TREB Market Watch March 2013 Highlight

"... 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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