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

Wednesday, June 10, 2015

Toronto Area Home Resale Market - May 2015

Following a record month of April, Greater Toronto Area real estate market continued to be "hot" in May with 11,706 sales.  It set a new record for the month of May.

隨最繁忙4月後,大多倫大 5月又創新高,現樓銷售達1萬1千7百宗。平均樓房售價為$65萬,比去年5月升11%。

多倫多市獨立屋缺供應,交易減少但價增長18%, 平均$111萬5。鎮屋, 柏文, 交投暢旺


- The average selling price was $649,599 - a 11.1% above last May.

- While year-to-year sales increased by 6.5%, the "detached" market sector grew only by 3% with limited supplies of low-rise homes in "416" area. 

- Detached selling price increased by 14% compared to 12 months ago.

- Townhomes, condos segments and "905" semi-detached were particularly active.

- New listings were slightly less than May of 2014 while the number of active listings was downed by 10%.

"With no relief so far on the listings front, expect similar rates of price growth as we move through the remainder of 2015," Jason Mercer, TREB's Director of Market Analysis.

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