Toronto Skyline byChristine Wagner
The new year is off with a bang – the real estate market has taken off quickly, similar to last year. We have been experiencing multiple offers already, steady open houses and bookings. We have quite a few new clients that are ready to make their dreams come true this year, and their enthusiasm is infectious!
TREB announced a strong start to 2015, with a 6.1 per cent increase in sales in comparison with January 2014. The average selling price for January 2015 was up by 4.9 per cent year-over-year to $552,575.
"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 Toronto Real Estate Board President Paul Etherington.