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

Monday, November 11, 2013

TREB Market Watch October 2013 Highlight

Toronto Real Estate Board (TREB) October statistics showed that Greater Toronto Area (GTA) property market continues to be active.  

"The GTA home ownership market has been broadly characterized by a rebound in sales since the summer.  Market conditions have been tighter in some market segments," Dianne Usher, TREB President.

Here is our quick takeaways from this Market Watch report.

• The number of home resales increase by almost 1/5 when compared to October 2012

• A GTA home was sold at the average price of $539,058 in October.

• Detached in 416 area, townhouse and condo  of both 416 & 905 were the performing segments.

• Compared to a year ago, detached and semi-detached home price increased by 10+%.

• New and active listings dropped from last October level.

"Growth in the average selling price ... will continue through 2014,"  TREB's Senior Manager of Market Analysis.

source: Toronto Real Estate Board (TREB)

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