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Newsletter November 2017
Historically October is the busiest month of the Fall market and once again this year was no exception. October’s 7,118 sales represented an above-average increase between September and October of almost 12%, a more pronounced increase than usual. That points to stronger Fall market conditions, not unexpected given the government’s announcement of stricter mortgage qualifications starting January 1 2018.
Newsletter October 2017
The 6,379 TREB sales in September, while not the 9,800 of a year ago, are a good indication that the
market is healthy and that there is strong demand for homes. Unfortunately our society is one of the
following others, and so quite a number of people who were prepared to pay unreasonable prices for homes in March are now waiting to see what happens to the market before they jump in.
Newsletter September 2017
There is a lot of misinformation in the real estate market these days. The confusion is created by the fact that we have different markets in different areas of the city and yet people are trying to have a general statement over the whole marketplace. Imagine, it’s like having a one size fits all bathrobe that can fit a five foot person or six foot person. Yes it fits but not really well. That’s the problem with general statements.
Newsletter August 2017
Another good month for the Toronto real estate board, as TREB members sold 5,921 homes in July. The average sales price now stands at $857 823, up 17% over year-end 2016 of $729,827. There are 18,751 active listings on the market and with an anticipated sale of 5,500 homes in August, There are 4 listings, (homes listed for sale) for the average buyer to choose from.
Newsletter July 2017
June’s sale of 7,974 homes brought the year to date number to 54,813, at an average price of $870,106, up 19% since the start of the year. Historically, 53.97% of the year’s sales are done by June 30, so it looks like 2017 will have 100,000 homes sold, down from the record breaking 113,000 of 2016.