Each month the Toronto Real Estate Board reports sales statistics for Toronto market. (Click the picture above to connect to a YouTube Video covering the market conditions for the month of November, 2012.) The November report indicates that the number of transactions is declining, but that the average sale price has stayed relatively flat. One of the reasons for this is that the percentage of properties that sold above one million dollars has declined and this has leveled out and stabilized the average sale price. This phenomenon is clearly represented by HPI (Home Price Index), which will be explained in the above video.
If you would like to discuss the video or if you have any question regarding the current market conditions please do not hesitate to contact me. I look forward to hearing from you!