If you are looking to sell your property, there might not be a better time than this as the GTA Real Estate Market continues to break sales records:
- Compared to July 2014, the sales total has increased 8% with the average selling price up 10.6% year over year.
- Transactions are up for all home types but the resale condo market has been particularly strong, with condo sales up 14.4% compared to July 2014
According to Jason Mercer, Toronto Real Estate Board's Director of Market Analysis, "With the level of inventory in the GTA trending below two months, many listings continued to generate a lot of interest from buyers. Not surprisingly, this supported further price increases well-above the rate of inflation. Assuming similar interest rate and economic environments over the next five months, strong price growth will remain the norm for the rest of 2015".
If you are looking to buy a bigger property or downsize, want to purchase your first property or are looking at an investment, the experts at http://teamtomjoseph.com will provide you invaluable advice and walk with you through the whole process. Please give our team a call today at 416-298-8200 or 905-477-6877.