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Welcome to your comprehensive source for Toronto real estate and neighbourhood information!
My focus is on ensuring the buying or selling of your home is an enjoyable and rewarding experience. To assist you in this exciting event, I have assembled this collection of useful knowledge about Toronto homes for sale, Toronto neighbourhoods, the process of selling or buying a home, mortgages, and much more.
I invite you to explore these resources, and contact me at any time. Whether it is to ask about house prices in a Toronto neighbourhood, to request a free buyers consultation, or to inquire about a listing you found, I look forward to hearing from you soon!
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The Toronto real estate market is still going strong! Many Toronto homes are being sold within days of being listed, sometimes before even appearing on MLS.ca and other public access websites. That is correct...listings on the internet may already be sold, and this could have happened before they even appeared on the web.
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If you see a 'For Sale' or 'Sold' sign in a Toronto neighbourhood you're interested in and would like to know more about the home, send me your request and I will be pleased to email you the complete MLS listing.
This is a quick, easy, and no-obligation service. For Sale Sign Inquiry
GTA REALTORS Report August 2016 Resale Home Market Figures
TORONTO, September 7, 2016
Toronto Real Estate Board President announced that Greater Toronto Area REALTORS® reported a record 9,813 sales through TREB’s MLS® System in August 2016.
While this sales result was 23.5 per cent above the number of transactions reported for August 2015, it is important to note that the majority of sales are reported on working days and there were two additional working days in August 2016 compared to 2015. When the year-over-year discrepancy in working days is accounted for, the annual percentage change in sales is closer to 13 percent.
“The conditions underlying strong demand for ownership housing remained in place, including a relatively strong regional economy, growth in average earnings and low borrowing costs. Unfortunately, we did not see any relief on the listings front, with the number of new listings down compared to last year. This situation continued to underpin very strong home price growth, irrespective of home type or area,” said Mr. Cerqua.
The MLS® Home Price Index (HPI) Composite Benchmark for August 2016 was up by 17.2 per cent on a year-over-year basis. Similarly, the average selling price for all home types combined was up by 17.7 per cent on an annual basis to $710,410. Both the MLS® HPI benchmarks and average prices for low-rise home types were up by double digits percentage-wise.
“Population in the GTA continues to grow. The resulting growth in households coupled with favourable economic conditions and low borrowing costs means that we remain on track for another record year for home sales. Against this backdrop, TREB will also be releasing new third-party research, and consumer and REALTOR® survey results throughout the fall and winter, with discussions focusing on foreign buying activity and issues affecting the supply of ownership housing,” said Jason Mercer, TREB’s Director of Market Analysis.
Source: Toronto Real Estate Board monthly press release on Toronto homes sales statistics
Scroll through the gallery below to view additional featured homes for sale. All listings are brokered by RE/MAX Hallmark Realty Ltd.
For a complete list of featured RE/MAX Toronto real estate listings that you won't find everywhere else, click the following link: Toronto RE/MAX Listings