Welcome guest.  ( Sign in )

Sales of Homes are up Year-Over-Year for October!

November 4, 2016 - Updated: November 4, 2016

Home Sales up Year-Over-Year for October!

 

As per the Toronto Real Estate Board, Home sales are up by a record 9,768 sales. This means sales are up by 11.5% compared to October 2015. The largest increase is in the Condominium Apartment market. Detached Homes were up by 10% year-over-year mostly due to the sales in the surrounding areas around.

"The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017," said Mr. Cerqua.

 

"New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller's market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments," said Jason Mercer, TREB's Director of Market Analysis.

 

Visit us at Durham Bungalows.ca!


Tagged with: home sales
| | Share

Prepare for an Emergency Part 2

Originally posted on: June 13, 2017
Last updated on: June 13, 2017
Filed under: emergency safety
COLLECT IMPORTANT DOCUMENTS Organize important documents in one place—such as an accordion folder or fireproof safe—so you can ...

Prepare for an Emergency Part 1

Originally posted on: June 8, 2017
Last updated on: June 8, 2017
Filed under: emergeny house damage
KNOW THE RISKS No matter where you live, your region may be susceptible to one or more emergency situations or weather hazards, including: e ...

Looking for a new place?

Originally posted on: May 30, 2017
Last updated on: May 30, 2017
Filed under: homes for sale real estate
The 5 priciest homes in one of the country’s hottest markets by Justin da Rosa, 29 May 2017 ...

B.O.C. Interest Rate announcement.

Originally posted on: May 24, 2017
Last updated on: May 24, 2017
Filed under: bank of canada interest rates
Bank of Canada makes interest rate announcement by The Canadian Press. 24 May 2017 ...

Why Homebuyers should work with an Agent

Originally posted on: May 18, 2017
Last updated on: May 18, 2017
Filed under: home buyers working with an agent
5 REASONS MOST HOMEBUYERS CHOOSE TO WORK WITH AN AGENT In most cases, your home is your most valuable asset, and it makes sense to ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)