Catherine To

Broker, President's Award 2016

 

C: 647-700-0043

E: catherineto@live.com

 

Mar 2016
Apr 2016
May 2016
Jun 2016
Jul 2016
Aug 2016
Sep 2016
Oct 2016
Nov 2016
Dec 2016
Jan 2017
Feb 2017
Mar 2017
Apr 2017
May 2017
Jun 2017
Jul 2017
Aug 2017
Sep 2017
Oct 2017
Jan 2016
Feb 2016
 

Market Watch Reports

    

TORONTO, ONTARIO, November 2, 2017 – Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented an above-average increase between September and October of almost +12%, pointing to stronger fall market conditions. On a year-over-year basis, October sales were down compared to 9,715 transactions in September 2016 (year-over year sales are down by -26.73%). Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same time period in 2016 (total sales through the first 10 months are down by - 19.18%). “Every year we generally see a jump in sales between September and October. However, this year that increase was more pronounced than usual compared to the previous ten years. So, while the number of transactions was still down relative to last year’s record pace, it certainly does appear that sales momentum is picking up,” said Mr. Syrianos. The MLS® Home Price Index Composite benchmark price was up by +9.7% on a year-over-year basis in October. Annual rates of price growth were strongest for townhouses and condominium apartments. The average selling price for October transactions was $780,104 – up by +2.3% compared to the average of $762,691 in October 2016.The housing market in the GTA has been impacted by a number of policy changes at the provincial and federal levels. Similar to the track followed in the Greater Vancouver Area, it appears that the psychological impact of the Fair Housing Plan, including the tax on foreign buyers, is starting to unwind,” said Jason Mercer, TREB’s Director of Market Analysis.