The Average price of all types of home is expected to rise 6 per cent to just over $600,000.00 [Video]

The Constrain supply of home in the Greater Toronto Area is expected to remain this year, the market to remain tight  in 2015 

The Constrain supply of home in the Greater Toronto Area is expected to remain this year the market around the Greater Toronto Area to remain tight  in 2015

Toronto Real Estate Board Jason Mercer - Director, Market Analysis, discusses the Market Watch Report for the Residential Real Estate Market for January 2015 around the Greater Toronto Area.

According to TREB's Mercer, three were 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007.

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ALSO ON REAL ESTATE SNATCH:

• GTA REALTORS® reported 92,867 residential sales through the TorontoMLS system in 2014
• Housing starts in Toronto have fallen by more than half since their peak