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

Monday, November 14, 2016

Toronto Area Home Resale Market - October 2016

In October, Toronto Area home resale market continued to outperform last year.  Sales increased by 11.5% and the average selling price rose 21.1% from $630,254 of last to $762,975.

十月, 大多倫多住宅重售市場表現繼續優勝過2015年十月: 交易量增 11.5%, 平均售價從去年 $63萬 升21.1% 至 $76萬。

Topline notes:-

* "For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment." - The sales of condos grew by 22% in 12 months.
* "Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto." - In October, detached house sales in 905-Area was more than TRIPLE of 416-Area (3,411 vs 1,088).
* Year-over-year, detached home price changed by 25.8% and condos increased by 12.5%.
* Although new listings were up slightly, active listings was still 1/3 less than October 2015 - "This meant that seller’s market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace."

If you are thinking of selling your property in this hot market, we definitely could help.  Contact us.


* 概觀各類型住宅市場, 共管屋苑買賣增幅最為明顯, 今年十月交易比往年同期多22%。

*  十月 905-地區獨立屋買賣是416-地區三倍以上, 帶動獨立屋市場走勢。
* 比較2015年十月, 獨立屋平均價脹 26% 而共管屋苑升 13%。
* 雖然十月新盤略為增加, 但仍然比去年同期少三分之一, 供不應求, 買家主導。

若果希望趁地產熱市高價出售物業, 我們可以幫忙, 馬上跟我們聯絡

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