Ibrahim Farooqui

Ibrahim Farooqui

Business Development & Marketing
CENTURY 21 Innovative Realty Inc., Brokerage*
  • 647-895-6551
  • 416-298-8383
  • 416-298-8303
  • 3-2250 Markham Road
    Toronto, ON M1B 2W4
Contact Me

About me!

As a CENTURY 21® Real Estate professional, I am dedicated to providing you with the highest quality service possible. My personal knowledge of the local Real Estate market is combined with the power of the CENTURY 21 brand - the most recognized name in Real Estate today.

Let me assist you in finding your dream home, in a neighborhood that is right for you, and in the price range you want. Or if you are interested in selling a property, I also have the expertise to help you get the fastest sale possible and at the best price.

I look forward to serving you!

 

TREB Market Watch: April 2017

Strong Growth in New Listings in April

May 3, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB's MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New listings for condominium apartments were at the same level as last year.

Total sales for the TREB market area as a whole amounted to 11,630 – down 3.2 per cent year-over-year. One issue underlying this decline was the fact that Easter fell in April in 2017 versus March in 2016, which resulted in fewer working days this year compared to last and, historically, most sales are entered into TREB's MLS® System on working days.

"The fact that we experienced extremely strong growth in new listings in April means that buyers benefitted from considerably more choice in the marketplace. It is too early to tell whether the increase in new listings was simply due to households reacting to the strong double-digit price growth reported over the past year or if some of the increase was also a reaction to the Ontario government's recently announced Fair Housing Plan," said Mr. Cerqua. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 31.7 per cent yearover- year in April 2017. Similarly, the average selling price for all home types combined was up by 24.5 per cent to $920,791.

"It was encouraging to see a very strong year-over-year increase in new listings. If new listings growth continues to outpace sales growth moving forward, we will start to see more balanced market conditions. It will likely take a number of months to unwind the substantial pent-up demand that has built over the past two years. Expect annual rates of price growth to remain well-above the rate of inflation as we move through the spring and summer months," said Jason Mercer, TREB's Director of Market Analysis.

 

Source: TREB

 

Communities

Ask me how to earn AIR MILES® reward miles when you buy or sell a home through me.

Email

Contact Me

Blog

Record Sales in 2016
TREB NEWS RELEASE: NOVEMBER 2016
NOVEMBER 2016 TREB MID-MONTH STATISTICS
Read More

Languages

  • English
  • Hindi
  • Punjabi
  • Urdu

Property List

105 George St, Toronto, ON M5A 2N4
Beds: 1 / Baths: 1