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Newsletter June 2017
Traditionally, the Toronto spring markets months of April and May are the most active months for Toronto realtors. 2017 bucked that trend, as Marchs record-breaking number of 12,027 homes sold (18% more than March 2016) took many buyers that would have normally purchase in the spring market.
Newsletter May 2017
Finally, a little respite in the frenzy of buying Toronto homes! A frenzy, I believe, created by the media, which were predicting prices would increase by over 30% in March. Really, a selffulfilling prophesy! By the way, this is the same media that a few months back was speculating that Toronto prices were abnormally high, and the bubble was going to burst and prices would fall. My only comment; the media is primarily concerned about ratings and advertising income, so their news and headlines are biased to achieve their goals!
Newsletter April 2017
As expected, (March being the start of the Spring Market) Toronto Real Estate Board Realtors reported 12,077 residential sales through TREBs MLS® System. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.
Newsletter March 2017
That pretty much sums up the Toronto real estate market. Record level sales, record level prices as 8,014 residential homes sold in February through the Toronto Real Estate Board MLS system.
Newsletter February 2017
With the sale of 5,188 homes, January 2017 became the most active January in the history of the Toronto real estate board, just outselling January 2007s 5,175 sales and January 2008s 5,075 sales.