Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: Toronto Area Home Resale Market - January 2016

Wednesday, February 17, 2016

Toronto Area Home Resale Market - January 2016

Greater Toronto Area residential real estate market had a good start in 2016.  For January, Toronto Real Estate Board (TREB) experienced an increase of 8.2% and 14.1% in number of transactions and average selling price, respectively, compared to January of 2015.

  • 12% of polled GTA households are considering a home purchase in 2016
  • Average selling price of a GTA home was $631,092 vs $552,925 (of Jan 2015)
    • Detached: $848,999
    • Semi-detahced: $568,723
    • Townhome: $ 483,261
    • Condo: $386,165
  • This January,  there were more re-sales in 416 Area: Detached / Townhome / Condo; 905 Area: Semi-detached submarkets.
  • Upward price momentum was led by sales of Low-Rises in 905 Area and Condos in 416 Area
  • New and active listings were less than 12 months ago
"Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment," Mark McLean, TREB President.

Thinking of buying or selling a property, contact us to discuss. 

多倫多地產商會(TREB)近期調查,12%大多倫多家庭有在2016年購買房屋意欲。  在一月,大多住宅樓市比去年好:成交增 8.1%,平均售價增 14.1%
  • 獨立屋:$85
  • 半獨立屋:$57
  • 鎮屋:$48
  • 屋苑大廈:$37


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