[Infographic] Greater Toronto Area Market Report for March 2016

Inventory Shortage Continues to Push Prices Up

April 6, 2016 – Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. Year-over-year growth rate for sales was 15.8 per cent for Q1 2016 and 16.2 per cent for March 2016 while new listings continue to decline, down 30% compared to the same period in 2015. The shortage of homes continues to drive strong competition between buyers resulting in double-digit rates of price growth.

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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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