Just when we thought the Real Estate Market in Canada couldn't get any better after a strong year in 2015, the first quarter of 2016 has proven that we still have a lot of room for growth. According to The Canadian Real Estate Association (CREA), national home sales just posted their third monthly increase and broke all previous monthly records. With the Toronto and Vancouver areas leading the charge, the national average sale price rose 15.7% on a year over year basis in March. The increase in average sale price may be related to home buyers and sellers increasingly opting for the professional services that comes with listing or buying through a real estate agent. This is clearly shown in the latest Canadian MLS® Systems statistics as transactions through REALTORS have risen by 1.5% month over month to set a new all-time record in March 2016.
The value in consulting a professional Real Estate Agent is clear and the investment potential has proven itself again this past quarter. To find out how you can start generating wealth by investing in Real Estate, contact me for a friendly chat today!