Toronto's Housing Market is Still Hot in November!
December 9, 2014– Home prices rose across the Greater Toronto Area in November. The Toronto Real Estate Board reported the average sale price in the region was $577,936, a 7.4% increase from a year ago.
"The robust average price growth experienced throughout 2014 has been fundamentally sound, with demand high relative to supply. Strong competition between buyers has exerted upward pressure on selling prices. Barring a substantial shift in the relationship between sales and listings in the GTA, price growth is expected to continue through 2015," said Jason Mercer, TREB's Director of Market Analysis.
Here’s a quick look at the Greater Toronto Area market report for November 2014. Feel free to share this infographic on Facebook or Google+.
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 firstname.lastname@example.org. 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!!