3 Predictions for Markham Real Estate in 2016



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First of all, we hope you and your family and friends are enjoying the holiday season.

As we all get together to celebrate, it’s also a time to look forward to the New Year and wonder what it will bring.

Needless to say, 2015 was a very good year for Markham’s homeowners. The Toronto Real Estate Board’s Market Watch report for November shows a 9.23% increase in the price of Markham homes of all types in versus November 2014. That translates to a $62,517 increase in the price of an average home so far in 2015.

The number of homes sold in the GTA to date in 2015 has already set a new all-time record, up 9% to 96,401 units across the region.

The combination of record high prices and record numbers of sales tells us that demand to get into the real estate market remains high.

Regardless of how good the news was in 2015, no one can say for sure which way the real estate winds will blow in 2016.

Never-the-less, the predictions have begun to roll in and here are just a few.

Stephen Tar

Stephen Tar

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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