Muhammad Hussain - Real Estate Broker

MUHAMMAD
HUSSAIN

M.COM, PFP REAL ESTATE BROKER
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Office: 416-203-6636 | Direct: 416-318-5264 BUYING, SELLING & BOOKING OF NEW CONSTRUCTION CONDOS
Muhammad Hussain - Real Estate Broker

MONTHLY RESALE HOUSING FIGURES TORONTO

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES TORONTO, February 3, 2016 – Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015. “It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling conducted for TREB by Ipsos suggested 12 per cent of GTA households were seriously considering the purchase of a home in 2016. Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment,” said McLean. The MLS® Home Price Index Composite Benchmark Price for January 2016 was up by 10.7 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent. The difference in the annual growth rates for the MLS® HPI and average price was largely due to a greater share of high-end detached homes sold in the regions surrounding the City of Toronto this year compared to last. The MLS® HPI removes the impact of shifts in the share of different property types sold from one year to the next. “Market conditions in January were tighter compared to a year earlier, with an annual increase in sales up against a decline in listings. This is why growth in the MLS® HPI benchmarks continued to be strong, especially for singles, semis and townhouses, where there has been a persistent lack of inventory,” said Jason Mercer, TREB’s Director of Market Analysis.

Toronto Listings Mississauga Listings Why Muhammad? 45 Harbour Square
Toronto, ON
Phone: 416-203-6636
Fax: 416-203-1908
 

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Toronto Real Estate Board - IDX Last Updated: 9/22/2017 8:34:12 PM