Toronto and GTA sales for March 2014

Sales growth was much stronger in March than January and February . Average selling price increased by about 8%, year over year. Why ??? Borrowing cost is low and declining, shortage of listings, lots of first time home buyers willing to enter the market before CMHC restrictions apply ( May 1st ) . Strong price growth is expected for the remainder of 2014. Condo resale prices were up 5.1% in Toronto and 4.3% in the (905) area, the condo sales are up 6.9% in Toronto and 14.5% in (905) area.  . For a complete market report and date for your area click the link below 

http://communications3.torontomls.net/statistics/mwatch/2014/03/mw1403.pdf

 

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