GTA REALTORS® RELEASE Market Watch Report for January 2012 [VIDEO]

Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the
regions surrounding the City of Toronto.

“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver. “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.
The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

“Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

Summary of TorontoMLS® Sales and Average Price


January 1 - 31


2012

2011


Sales

Average Price

Sales

Average Price

City of Toronto ("416")

1,705

$499,045

1,677

$446,458

Rest of GTA ("905")

2,862

$442,380

2,522

$412,000

GTA

4,567

$463,534

4,199

$425,762

TorontoMLS® Sales & Average Price By Home Type


January 1 - 31, 2012


Sales

Average Price


416

905

Total

416

905

Total








Detached

559

1,577

2,136

743,993

530,129

586,098

Yr./Yr. % Change

9%

15%

13%

15%

5%

8%

Semi-Detached

157

336

493

526,599

377,456

424,952

Yr./Yr. % Change

-5%

16%

8%

6%

11%

7%

Townhouse

194

531

725

410,129

340,957

359,467

Yr./Yr. % Change

10%

19%

16%

7%

10%

9%

Condo Apartment

775

351

1,126

343,835

272,103

321,475

Yr./Yr. % Change

-2%

1%

-1%

5%

7%

5%

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 32,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada’s largest real estate board.

Media Inquiries:
Mary Gallagher,
Senior Manager Public Affairs
(416) 443-8158
maryg@trebnet.com

Jason Mercer - Senior Manager, Market Analysis,
discusses the Market Watch Report for January 2012.
Hosted by Shannon Kelly - Social Media Manager.

Source: Toronto Real Estate Board (TREB)

Follow REALESTATESNATCH On Twitter and Facebook!

  
Read more from REAL ESTATE SNATCH Post blog:
Related Posts Plugin for WordPress, Blogger...

No comments:

Get Real Estate Tips

linkwithin...

About Us

Get Free Email Updates to your Inbox!

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



©Copyright 2009-2017 REAL ESTATE SNATCH All Rights Reserved Registration on or use of this site constitutes acceptance of our

Search This Blog