LOIC DANIS

Sutton Group - Old Mill Realty Inc. Brokerage

  • HOME
  • WHY LOIC?
    • WHY LOIC?
    • ABOUT LOIC
    • MY SOLDS
    • WHAT LOIC'S CLIENTS SAY...
  • SEARCH MLS LISTINGS
    • SEARCH MLS LISTINGS
    • FEATURED LISTINGS
    • TORONTO WEST NEIGHBOURHOODS >
      • THE KINGSWAY
      • SUNNYLEA
      • MIMICO + NEW TORONTO
      • LONG BRANCH + ALDERWOOD
      • BLOOR WEST VILLAGE + BABYPOINT
      • HIGH PARK + SWANSEA
      • RONCESVALLES
      • THE JUNCTION
  • TORONTO REAL ESTATE NEWS BLOG
  • TOOLS
    • MORTGAGE PAYMENT + LAND TRANSFER TAX CALCULATOR
    • CLOSING COSTS
  • CONTACT LOIC
CONTACT LOIC

MARKET UPDATE: Sales Growth Continues in September

10/7/2016

 
Picture
October 5, 2016 --Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 9,902 sales through TREB's MLS® System in September 2016. This result was up by 21.5 per cent compared to September 2015.
For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The pace of detached sales growth was slower in the City of Toronto and the number of semi-detached sales was down compared to last year. In both cases, the year-overyear dip in new listings was likely the issue.
"We continued to see strong demand for ownership housing up against a short supply of listings in the Greater Toronto Area in September. The sustained lack of inventory in many neighbourhoods across the GTA continued to underpin high rates of price growth for all home types," said Mr. Cerqua.
Both the MLS® Home Price Index (HPI) Composite Benchmark and the average selling price for all home types combined were up strongly on a year-over-year basis in September. The MLS® HPI Composite Benchmark grew by 18 per cent compared to September 2015. The average selling price was up by 20.4 per cent to $755,755. It is important to remember that the MLS® HPI provides a price growth measure for a benchmark home, thereby allowing for an apples-toapples comparison from one year to the next. The average selling price can be influenced by changes in both market conditions and the mix of homes sold.
"The Toronto Real Estate Board will be closely monitoring how the recent changes to Federal mortgage lending guidelines and capital gains tax exemption rules impact the housing market in the Greater Toronto Area. While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale," said Jason Mercer, TREB's Director of Market Analysis.

FULL REPORT AVAILABLE BELOW

mw1609.pdf
File Size: 1501 kb
File Type: pdf
Download File


Comments are closed.

    LOIC DANIS

    Loic Danis is a Toronto Real Estate Broker and Broker of Record/Owner of Sutton Group Old Mill Realty Inc. specializing in residential and investment real estate in Downtown Toronto, Etobicoke + West Toronto neighbourhoods including The Kingsway, Babypoint, Sunnylea, Swansea, Roncesvalles, High Park, Swansea, New Toronto, Mimico, Waterfront Communities, Yorkville, St. Lawrence Market, Bay Street Corridor and more! 

    Categories

    All
    Banbury-Don Mills Real Estate
    Bay Street Corridor
    Church-Yonge Corridor
    High Park - Roncesvalles
    Just Listed
    Lawrence Manor Real Estate
    Market Outlook + Year In Review
    Market Update
    Mimico Real Estate
    Mineola
    Mississauga Real Estate
    Mount Dennis Real Estate
    Palmerston - Little Italy
    Sunnylea Real Estate
    Toronto Condos
    Toronto Real Estate
    Waterfront Communities Real Estate

    RSS Feed

CONTACT



LOIC DANIS
Broker of Record

Direct | 416-671-0300
Office  | 416-234-2424

Sutton Group - Old Mill Realty Inc. Brokerage
CONTACT LOIC

NEIGHBOURHOOD SEARCH


THE KINGSWAY
SUNNYLEA
MIMICO + NEW TORONTO
LONG BRANCH + ALDERWOOD
BLOOR WEST VILLAGE + BABYPOINT
HIGH PARK & SWANSEA
RONCESVALLES
THE JUNCTION

NEWSLETTER SIGN UP


COPYRIGHT © LOIC DANIS 2017
Site Design by The Real Estate Marketing Shop