[Infographic] Greater Toronto Area Market Report for February 2016

Record Home Sales, Despite New Federal Mortgage Lending Guidelines

TORONTO, March 3, 2016 – The Toronto Real Estate Board reported a record number of home sales for the month of February. Sales were up 21.1 per cent compared to February 2015 and surpassed the previous record set back in 2010, despite the new federal mortgage lending guidelines coming into effect that require at least a 10 per cent down payment on the portion of purchase prices between $500,000 and $1,000,000. With strong sales up against a constrained supply of listings, home prices will continue to trend strongly upward.

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Here’s a quick look at the numbers. Feel free to share this infographic.

If you are considering buying or selling a home or would like information about real estate in your area, contact a member of our Client Care team at 416.238.1542 or 1.800.362.0893, or email client.care@century21.ca. We’d be happy to refer you to a local real estate expert or arrange for a private viewing of homes in and around Toronto!!

Data Source: Toronto Real Estate Board (TREB) Market Watch

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