Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: Toronto Area Home Resale Market - Feb. 2015

Monday, March 16, 2015

Toronto Area Home Resale Market - Feb. 2015

"Even with the record low temperature last month, we still saw an increase in the number of people purchasing homes in GTA." ~ Paul Etherington, TREB President


GTA home resale market had a "HOT" month in February.  Note a few key points:-

• 6,338 resales, increased by 11+% compared to February 2014;

 average sale price was $596,163 vs $552,859 a year ago (+ $43,304);

 Toronto (416 Area) detached homes, for the first time, averaged above 1 MILLION;

 905 Semi's and Townhomes as well as 416 Condos were particularly active;

 less new and active listings compared to 12 months ago.

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