Sales & Price Growth Continue in November
December 4, 2014 -- Toronto Real Estate
Board President Paul Etherington announced that Greater Toronto REALTORS®
reported 6,519 residential transactions through the TorontoMLS system in
November 2014. This result was up by 2.6 per cent compared to 6,354 sales
reported in November 2013. Through the first 11 months of 2014, total sales
amounted to 88,462 - up 6.6 per cent compared to the same period in 2013.
While the trend of year-over-year sales growth continued, the supply of
listings remained constrained, with active listings at the end of November down in comparison to last year.
"Even with a constrained supply of homes for sale in many parts of
the Greater Toronto Area, buyers continued to get deals done last month.
Households remain upbeat about home ownership because monthly mortgage payments
remain affordable relative to accepted lending standards. This is coupled with
the fact that housing has proven to be a quality long-term investment,"
stated Mr. Etherington.
The average selling price for November transactions was up by 7.4 per
cent year-over-year to $577,936. The year-to-date average price was up by 8.4
per cent to $567,198. The MLS(R) Home Price Index Composite Benchmark price for
November was up by 7.7 per cent compared to a year earlier.
"The robust average price growth experienced throughout 2014 has
been fundamentally sound, with demand high relative to supply. Strong
competition between buyers has exerted upward pressure on selling prices.
Barring a substantial shift in the relationship between sales and listings in
the GTA, price growth is expected to continue through 2015," said Jason
Mercer, TREB's Director of Market Analysis.
12月マーケットウォッチ略訳
■数字で見る2014年11月
総売上物件数： 6,519件 （前年同期に比べ約2.6％増加）
平均販売価格： 577,936ドル （前年同期に比べ約7.4％増加）
Source:
www.torontorealestateboard.com
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