Tuesday, October 7, 2014

■Market Watch-October, 2014

Sales and Average Price Growth Continued in September

October 3, 2014 -- Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 per cent annually to 73,465.
"Despite a persistent shortage of listings in some market segments, we have experienced strong growth in sales though the first nine months of 2014. This is evidence that GTA households remain upbeat about purchasing a home. The majority of home buyers purchase a home using a mortgage. The share of the average household's income dedicated to their mortgage payment remains affordable, which is why buyer interest has remained solid," said Mr. Etherington.

The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached and semidetached houses and for condominium apartments. The average selling price year-to-date was $563,813 – up 8.5 per cent compared to the first nine months of 2013.

"If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales reported by TREB Members this year. On the pricing front, the multitude of willing buyers in the marketplace coupled with the short supply of listings will continue to translate into very strong annual rates of price growth in the fourth quarter," said Jason Mercer, TREB's Director of Market Analysis.


10月マーケットウォッチ略訳
■数字で見る20149
総売上物件数: 
8,051件 (前年同期に比べ約10.9%増加)
平均販売価格: 
573,676ドル (前年同期に比べ約7.7%増加)

■要訳
このペースで販売が伸び続けると、今年の売上高は新記録となるかもしれません。価格に関して、売り物件数不足という状況にたくさんの買い手がいるということは、第四半期にも非常に高い価格増加率がみられるということを意味しています。

Source: www.torontorealestateboard.com

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