January Sales Trends, Positive increase.

In January 2014 average selling price of a home in the GTA rose by 9.2% compared to January 2013.

In a press release the Toronto Real Estate Board Said: "Home ownership in the Greater Toronto Area remains affordable and there are many people looking to purchase a home. In January, the number of homes listed for sale was down quite strongly compared to last year, which means that it was difficult for some buyers to find a home."

Further:

“Looking forward, it is possible that strong price growth, and therefore an increase in home equity, will act as a trigger for more households to list their homes for sale. This is especially the case for households whose life styles are changing, including those with an expanding family looking for a larger home or empty nesters looking to downsize,” said Dianne Usher, President, Toronto Real Estate Board.

See our Infographic for more detail: