Stunning Mature Lot
Unique Board & Batten
Character of Old & New
4800 Sq.Ft. – 3 Storey
5 Bedrooms, 2.5 Baths
Geothermal Heating/Hydro
Pine Country Galley Kitchen
Some Hardwood Floors
Main Floor Office or Den Sunroom
Decking, 2 Porches
Tag: Toronto Real estate board
Strong Sales/Price Growth Continue in 2012 (Peel & Dufferin Market Update)
Peel & Dufferin Region Market Update February 2012
February 3, 2012 — Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.
“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver.
“The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.
The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.
“Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.
— Information Courtesy of the Toronto Real Estate Board