TREB's President Dianne Usher announced "last month's sales represented the best July result since 2009 and was the third best July result on record. Despite recent increases in average borrowing costs, home buyers are still finding affordable home ownership options in GTA."
Some quick points from the TREB July Market Watch:-
- No. of resales in July was 8,544, +16% of July 2012;
- Average GTA home resale price was $513,246, a +8% growth in past 12 months;
- The detached and semi-detached segments of the market experienced a 20%+ increase in transaction over last July. This happened to both the 416 and 905 area.
Going forward, TREB is "forecasting continued average price growth for the remainder of 2013 and through 2014 as well."
For the full report, please visit: http://www.torontorealestateboard.com/