Tuesday, 22 October 2013
Thursday, 10 October 2013
TORONTO, October 3, 2013
TORONTO, October 3, 2013 -- Greater Toronto Area REALTORS reported 7,411 home sales through the TorontoMLS system in September 2013, representing a Thirty % increase compared with 5,687 transactions reported in September 2012. YTD, total home sales reported through TorontoMLS amounted to 68,907 during the first nine months of 2013 down by one % compared to the same period in 2012.
"It's superb news that homes have found that the costs of home possession, including home loan payments, remain cheap.
The average selling price for Sep transactions was $533,797 up by 6.5 % year-over-year. This is why the third quarter was identified by replenished growth in home sales in the GTA. Through the 1st 3 quarters of 2013, the average selling price was $520,118 up by over four percent compared to the 1st 9 months of 2012.
The MLS Home Price Index composite baseline for September was up by four % year-over-year. The annual rate of expansion for the composite baseline has been accelerating since the spring of 2013.
"The price growth story in Sep continued to be about strong requirement for low-rise home types, coupled with a short supply of listings. Even with slower price expansion and month-to-month volatility in the condo flat market, overall yearly price growth has been well above the rate of inflation this year. This scenario may continue to play out through what's left of 2013," said Jason Mercer, TREB's Senior Manager of Market Research.
"It's superb news that homes have found that the costs of home possession, including home loan payments, remain cheap.
The average selling price for Sep transactions was $533,797 up by 6.5 % year-over-year. This is why the third quarter was identified by replenished growth in home sales in the GTA. Through the 1st 3 quarters of 2013, the average selling price was $520,118 up by over four percent compared to the 1st 9 months of 2012.
The MLS Home Price Index composite baseline for September was up by four % year-over-year. The annual rate of expansion for the composite baseline has been accelerating since the spring of 2013.
"The price growth story in Sep continued to be about strong requirement for low-rise home types, coupled with a short supply of listings. Even with slower price expansion and month-to-month volatility in the condo flat market, overall yearly price growth has been well above the rate of inflation this year. This scenario may continue to play out through what's left of 2013," said Jason Mercer, TREB's Senior Manager of Market Research.
Thursday, 19 September 2013
September 17, 2013 -- Greater Toronto Area REALTORS
September 17, 2013 -- Greater Toronto Area REALTORS reported 3,158 transactions through the TorontoMLS system during the first 14 days of Sep 2013. This result was up by Twenty-nine % compared to September 2012. Sales were up for all the important home types on a year-over-year basis. The condo loft segment showed the way with robust sales expansion in the City of Toronto.
"The strong expansion in sales that we have seen during the last two-and-a-half months signifies that GTA homes are approaching home possession with a renewed sense of confidence.
The number of new lists entered into the TorontoMLS system was down barely compared with the same period in 2012. Powerful sales growth joined with a slight decrease in new lists points to increased competition between customers in some market segments and the continuation of above-inflation rates of price growth. The average selling price at mid-month Sep was up by four % on a yearly basis to $514,560.
"With months of inventory remaining low from a ground-breaking viewpoint and proof of tighter market conditions in the summer, the sole discussion that makes sense is for continuing home price growth in the Greater Toronto Area for the remainder of 2013," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"The strong expansion in sales that we have seen during the last two-and-a-half months signifies that GTA homes are approaching home possession with a renewed sense of confidence.
The number of new lists entered into the TorontoMLS system was down barely compared with the same period in 2012. Powerful sales growth joined with a slight decrease in new lists points to increased competition between customers in some market segments and the continuation of above-inflation rates of price growth. The average selling price at mid-month Sep was up by four % on a yearly basis to $514,560.
"With months of inventory remaining low from a ground-breaking viewpoint and proof of tighter market conditions in the summer, the sole discussion that makes sense is for continuing home price growth in the Greater Toronto Area for the remainder of 2013," said Jason Mercer, TREB's Senior Manager of Market Analysis.
Tuesday, 10 September 2013
TORONTO, 5 Five, 2013
TORONTO, 5 Five, 2013 -- Greater Toronto Area REALTORS reported 7,569 residential transactions through the TorontoMLS system in Aug 2013. This represented a Twenty-one per cent increase matched against 6,249 sales in August 2012.
"Sales were up strongly this past August for all of the major home types compared with last year. Many households have accounted for the additional costs caused by tougher mortgage lending tenets and have reactivated their search for a home.
The average selling price for August 2013 was $503,094 up by about 5.5 per cent matched against the average of $477,170 in August 2012. These homes have found that a diversity of affordable ownership options exist across the GTA," claimed Toronto Real-estate Board President Dianne Usher. The MLS Home Price Index ( HPI ) composite benchmark was up by 3.7 % over the same period.
"Despite a rise in borrowing costs during the spring and summer, a typical priced home in the GTA has remained cheap for a household earning an average income. Bearing this in mind, tight market conditions are anticipated to promote continued price growth through the rest of 2013," asserted Jason Mercer, TREB's Senior Manager of Market Research.
"Sales were up strongly this past August for all of the major home types compared with last year. Many households have accounted for the additional costs caused by tougher mortgage lending tenets and have reactivated their search for a home.
The average selling price for August 2013 was $503,094 up by about 5.5 per cent matched against the average of $477,170 in August 2012. These homes have found that a diversity of affordable ownership options exist across the GTA," claimed Toronto Real-estate Board President Dianne Usher. The MLS Home Price Index ( HPI ) composite benchmark was up by 3.7 % over the same period.
"Despite a rise in borrowing costs during the spring and summer, a typical priced home in the GTA has remained cheap for a household earning an average income. Bearing this in mind, tight market conditions are anticipated to promote continued price growth through the rest of 2013," asserted Jason Mercer, TREB's Senior Manager of Market Research.
Subscribe to:
Posts (Atom)
Listing MLS Search
