TORONTO, February 4, 2015 - Toronto Real Estate Board President Paul Etherington announced a
strong start to 2015, with robust year-over-year sales and average price growth in January. Greater
Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first
month of the year. This result represented a 6.1 per cent increase over January 2014. During the same
period, new listings were up by 9.5 per cent.
"The January results represented good news on multiple fronts. First, strong sales growth suggests home
buyers continue to see housing as a quality long-term investment, despite the recent period of economic
uncertainty. Second, the fact that new listings grew at a faster pace than sales suggests that it has
become easier for some people to find a home that meets their needs," said Mr. Etherington.
The average selling price for January 2015 home sales was up by 4.9 per cent year-over-year to
$552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to