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GTA MARKET WATCH 2015 FIGURES
Posted on Mon, 01 Feb 2016, 02:55:00 PM  in Toronto MLS Market Watch,  Finance,  Toronto Real Estate Update,  Toronto Neighborhoods,  Toronto
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REAL ESTATE MARKET WATCH - GREATER TORONTO FIGURES 2015

 

2015 has been a record year for its 101,299 sales in the Greater Toronto Area. It is the first time in our history that the sales number surpasses the 100,000 units mark. Strong annual sales increases were experienced for all major home types during the year. Consumer confidence where home ownership is viewed as a quality long term investment, coupled with a relatively strong regional economy and low borrowing costs are the key fundamentals for these outstanding figures. 

Last 10 Years GTA Average Price and Units Sold Alex Pino Realtor

 

December sales were the second highest recorded and show an increase of 527 sold units in comparison to 2014. The average selling price for 2015 increased by 9.8 per cent from $566,624 to $622,217. The demand is expected to stay very strong for 2016 as buyers remain upbeat on the purchase of ownership housing.

Average Prices and Units Sold 2015 GTA Alex Pino Realtor

Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours. 

 

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GREATER TORONTO AREA MARKET WATCH END OF YEAR 2014
Posted on Mon, 02 Feb 2015, 07:08:32 PM  in Toronto MLS Market Watch,  Finance,  Toronto Real Estate Update,  Toronto Neighborhoods
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The number of units sold in 2014 was the second highest in the past ten years reaching 92,867 after 2007 that reported 93,193 showing the great importance households have given to Real Estate as it is considered a great long time investment. During the past 10 an average of 86,250 units per year have been sold and the price has been increasing on an average of 6.0% yearly.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor

The Year Average Price for the Greater Toronto Area had an 8.35% year increase from $523,036 in 2013 to $566,726 in 2014. There has been a shortage of listings for single family homes that resulted in higher prices for the overall available properties.

For 2015, banks are not seeing any changes in borrowing costs so consumers are expected to continue with the trend of investing in Real Estate. Condos are also estimated to continue its popular growth and areas such as Yonge & Eglinton and Yorkville are going to have a whole array of new offerings that are good for consumers who will have lots of choices to select and invest. Townhouses are still a norm on main arteries and are transforming neighbourhoods such as Little Italy.

Following the yearly trend, the beginning of the year started slow having a peak of sales and prices in May and October which are traditionally the highest months for transactions.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor monthly figures 2014

 Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours.

 

NEW CONDO MARKET

Based on Urbanation Inc., a total of 21,605 new condominium apartments were sold across the Greater Toronto Area during 2014, representing the third best year after 2011 and 2007. A record 20,809 condo units were completed in 2014. These figures are extraordinary and keep Toronto on the world map as a destination for real estate investment
Urbanation Annual Sales New Condos Toronto 2014

 

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GREATER TORONTO AREA MARKET WATCH END OF YEAR 2013
Posted on Tue, 04 Feb 2014, 07:19:42 PM  in Toronto MLS Market Watch,  Toronto Real Estate Update,  Toronto Neighborhoods
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It seems this year the newscasts are on better terms with the Real Estate industry as the headlines are more positive. We are pleased to share the basic general figures of the Real Estate Market in the GTA as of December 2013.
Toronto Real Estate Update Market Watch December 2013 YourHomeInToronto your home in toronto Alex Pino Realtor Statistics
  •    Though at the beginning of the year the number of sales was lower, there was a strong number of sales from April to July, followed by a steady second semester. December had a steep 14% and the year ended with a total of $87,111 units sold.
  •    The Year Average Price for the Greater Toronto Area had a 5.21% year increase from $497,130 in 2012 to $523,036 in 2013.
  •    Every single neighbourhood is comprised of several sub pockets with their own data that should be analysed accordingly.
  •   For 2014, provided borrowing costs will remain affordable, we foresee a strong home ownership market. Boomers in established low rise residential neighbourhoods are staying home longer adding more pressure to the prices as there is limited land availability. The new residential norm all over the city is single homes are being converted to townhouse projects containing several units. As there is more employment being offered in the core of the city, condos will continue to lead the market numbers with strong presence in the subway corridors.

In the past 10 years there has been a steady increase in prices fluctuating in the 6.0% mark per year and a constant number or properties sold averaging 83,500 units.

Toronto Real Estate Update Market Watch December 2013 YourHomeInToronto your home in toronto Alex Pino Realtor Statistics

Please let us know if you would like to review a detailed report on your neighbourhood and we would be pleased to send it.

 

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Alex Pino, FRI Arch., Broker & Veronica Lord, FRI, Broker
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