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

Thursday, April 7, 2016

Toronto Area Home Resale Market - March 2016

" Strong Growth in Home Sales in March / Q1" is the headline of March issue of Toronto Real Estate Board (TREB) Market Watch.  

The key numbers, compared to the same period last year, to note:-

  • During the first 3 months of 2016, there were 22,575 homes sales in Greater Toronto Area representing an increase of 15.8%.
  • March sales rose 16.2 % in volume and 12.1% in price (average $688,161).
  • Price / home type
    • Detached : $910,375
    • Semi-detached : $637,867
    • Townhome : $530,353
    • Condo : $ 389,319
  • The selling prices of all home types appreciated by double digits.  Semi-detached and condo apartment recorded 20+% increase.
  • Newly added and active listings are less than previous year, favourable to sellers.
Based on the current trend,  "demand was clearly not an issue in the first 3 months of 2016, regardless of the housing market segment being considered." " TREB outlook for the year pointed to a strong possibility of a second consecutive record year of home sales."

If you are thinking of taking advantage of the active market to sell your property, contact us for for a free consultation and evaluation.

加拿大地產商會(TREB) 3月地產月報頭條:第一季、3月摟房交投增長強勁。

  • 首季月錄22575成交,量升15.8%
  • 3月買賣增16.2%, 平均價升12.1%至$68萬8
  • 大多各住宅平均售價
    • 獨立屋:$91萬 
    • 半獨立: $63萬8
    • 鎮屋: $53萬
    • 屋苑大廈: $38萬9
  • 各類別樓房價錢有雙位%增幅;半獨立屋和屋苑大廈一年升幅超20%
  • 房產供應供不應求,利賣家

TREB 預期今年市埸極有機會創新高。


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