Pamela Vasiliu
Sales Representative
pvasiliu@remax.net

RE/MAX Professionals Inc.
Brokerage
Independently owned and operated.

Date: Tuesday September the 26th, 2017 
416-236-1241

 

   

Toronto Housing Sales Called Record Year In Toronto Area

January 6, 2016 - Updated: January 6, 2016

The number of sales last year through the real estate board realtors totalled 101,299 — up 9.2 per cent from 2014.

The Toronto Real Estate Board reported that 2015 was a record sales year for its members.

The number of sales last year through TREB realtors totalled 101,299 — up 9.2 per cent from 2014.

The Toronto-area had 4,945 residential sales last month, the second-highest on record for a December.

The 2015 average selling price for homes of all sort — including condos and detached houses — was $622,217, up 9.8 per cent from the previous year.

The Greater Toronto Area and other parts of southern Ontario have experienced stronger demand than most Canadian markets — outdone only by parts of British Columbia in the Greater Vancouver and Lower Mainland areas.

TREB indicates sales in its area may have been even higher, if inventory levels were higher. The pent-up demand will carry over into this 2016

“TREB will release its official 2016 outlook later in January, but suffice to say that the demand for ownership housing is expected to remain very strong in 2016,” said Jason Mercer, TREB’s director of market analysis.

The group says it will release an outlook for 2016 on Jan. 18.

 


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