How is the market doing? 2012


“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. “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. January 2012 reported 4,567 sales through the Toronto MLS® system. These results represented an 8.8% increase compared to 4,199 sales reported in January 2011. The number of sales reported in Peel Region was 1060 with the average sale price of $417,417 and an average of 31 days on the market.  Read More at





Genevra Cemovic

Genevra Cemovic

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
Contact Me

Blog Archives