Blog

October Mid-Month Resale Figures Released

The Toronto Real Estate Board reported 2,961 sales through the TorontoMLS system during the first 14 days of October 2012.  The number of transactions was down by 10.5% compared to the same period in 2011.  New listings were up by 5.5% year-over-year to 6,505.

“Some households have put their home purchase plans on hold in response to the higher cost of home ownership brought about by the recent changes to mortgage lending guidelines.  Both first-time buyers and existing home owners have been affected, given that sales were down across house types and geography,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price for sales reported from October 1 through October 14 was $501,146 – up by almost 6% in comparison to last year.

“The average selling price grew well above the rate of inflation in the first half of October due to relatively tight market conditions from a historic perspective.  However, the market continued to become better supplied, pointing toward a slower pace of price growth as we move into 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

>>Click here for the full news release

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

Like Me on Facebook

Follow Me on Twitter

Link to Me on LinkedIn

Address

RE/MAX Hallmark Realty Ltd., Brokerage
723 Mount Pleasant Road
Toronto, ON
M4S 2N4

Brokerage

 

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/24/2017 2:33:39 AM