Toronto Real Estate Record Home Sales September 2015

Here are the numbers for the Toronto Real Estate Market.

There were 8,200 home sales reported for September 2015. That is up 2.5% compared to September 2014.

For the first nine months of 2015 there were 80,331 home sales, which represented a record result and a 9.5% increase compared to the first nine months of 2014.

The average selling price in the GTA was $627,395, that’s up by 9.2%

What does this mean? Watch the video, skip to the 1 minute mark for the analysis.

Toronto Real Estate Market Watch April 2014

Toronto Real Estate Market – Big news for April 2014 just released!!!

Watch the video for my analysis.

Here are the raw numbers.

April Sales – 9,706 sales. +1.8% increase for year over year.  +20% increase for month over month.

April Average Sale Price – $577,898. +10% increase for year over year. 3.5% increase for month over month

Strong Average Price Growth in September in Toronto Real Estate

Greater Toronto Area (GTA) REALTORS® reported 5,879 transactions through the TorontoMLS system in September 2012. The average selling price for these transactions was $503,662, representing an increase of more than 8.5 per cent compared to last year.

The number of transactions was down by 21 per cent in comparison to September 2011. However, it is important to note that there were two fewer working days in September 2012 compared to September 2011. The majority of transactions are entered on working days. On a per working day basis, sales were down by 12.5 per cent year-over-year.

“While sales have been lower due to stricter mortgage lending guidelines, we continue to see substantial competition between buyers. The months of inventory trend remains low from a historic perspective, which explains the strong price increases we are experiencing,” said Toronto Real Estate Board (TREB) President Ann Hannah.

September average selling prices were up compared to last year for all major home types. Price growth was strongest in the City of Toronto, including for condominium apartments with eight per cent year-over-year growth. All benchmark home types included in the MLS® Home Price Index (MLS® HPI) experienced year-over-year price increases, with substantially stronger increases for low-rise home types.

“Barring a major change to the consensus economic outlook, home price growth is expected to continue through 2013. Based on inventory levels, price growth will be strongest for low-rise home types, including single-detached and semi-detached houses and town homes,” said TREB’s Senior Manager of Market Analysis, Jason Mercer.

Enhanced by Zemanta