TORONTO, Nov 18, 2013 -- Greater Toronto Area REALTORS reported 3,131 home transactions through the TorontoMLS system during the first fourteen days of Nov 2013. Over the same period, new lists were down by more than four percent.
"The results for mid-November indicate that GTA homes remain ok with the expenses of home ownership," said Toronto Real Estate Board President Dianne Usher.
"More consumers competing for a smaller number of listings has translated into an accelerating pace of price growth. This theme has been most abundant in the low-rise market segment, including single-detached and semi-detached houses and townhomes. Nevertheless it's critical to notice the condo apartment market has additionally become tighter," asserted Jason Mercer, TREB's Senior Manager of Market Research.
"The results for mid-November indicate that GTA homes remain ok with the expenses of home ownership," said Toronto Real Estate Board President Dianne Usher.
"More consumers competing for a smaller number of listings has translated into an accelerating pace of price growth. This theme has been most abundant in the low-rise market segment, including single-detached and semi-detached houses and townhomes. Nevertheless it's critical to notice the condo apartment market has additionally become tighter," asserted Jason Mercer, TREB's Senior Manager of Market Research.
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