All housing types in the Greater Toronto Area saw an increase in August according to new figures from the Toronto Real Estate Board. The overall increase year-over-year was 5.7 per cent with 7,998 sales. Condo sales grew by 13.8 per cent year-over-year. New listings grew faster than sales but the overall level of active listings was lower in August than the same time in 2014 making it a sellers’ market.
“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.
Prices increased in both HPI Composite Benchmark and average selling price terms. In the city of Toronto the average price on August was $605,817 (2014: $564,270) while the rest of the GTA saw an average of $600,872 (2014: $536,318). Detached houses (12.4 per cent) and townhouses (11.7 per cent) achieved the highest price increases.
MBN
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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