Monday, September 28, 2015

■JUST SOLD OVER ASKING_14 Main Street Toronto

Original & Tranquil. This fully brick detached home with three bedrooms in the Upper Beaches awaits your personal touch! It has loads of potential and tremendous natural light overlooking Glen Davis Ravine. Close to TTC and Go Train stations with easy access to the city’s core. Enjoy a family friendly neighbourhood with great schools as well as parks, cafes and restaurants nearby. Walking distance to the Lake.

For Sale: $649,900

MLS: E3322684

Saturday, September 12, 2015

■Market Watch-September, 2015

Sales and Average Price Up in August

September 4, 2015 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for all major home types.

The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers' market conditions remained in place, especially where low-rise home types like singles, semis and townhouses were concerned.

"Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while at the same time providing owners with a place to live in their chosen community," said Mr. McLean.

Both the MLS® Home Price Index (HPI) Composite Benchmark and the average selling price for all home types combined were up substantially in August compared to the same period in 2014, with both increasing by approximately 10 per cent year-over-year.

"A record year for home sales continued to unfold in August as competition between buyers exerted upward pressure on selling prices. It was encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced," said Jason Mercer, TREB's Director of Market Analysis.