Home sales, prices in Toronto could hit record in 2016, real estate board says

The Toronto Real Estate Board expects home sales in Canada’s largest city will be strong in 2016 and may set a record. TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year – either just above or just below last year’s record high of 101,229 transactions. The average selling price is also expected to rise to between $655,000 and $665,000 – one of the highest in Canada – up from $622,217, which … [Read more...]

GTA REALTORS® Report record year for TREB MLS® Home sales

The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year. "Home ownership is a … [Read more...]

Toronto Real Estate Board: November Market Watch

TORONTO, December 3, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of 2015 amounted to 96,401. “Not only did we see a record sales result for November, but … [Read more...]

Demand for home ownership remains strong in the GTA

Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market. Through the first 10 months of 2015, there were 124,123 new and resale homes sold in the GTA. A record number of sales were … [Read more...]