Tom Smok – Mississauga Real Estate

House for sale in mississauga, real estate listings, mississauga homes, mls real estate search, www.tomsmok.ca


Leave a comment

  Visit My Website      www.tomsmok.com                                                                                                                                             

  


Leave a comment

TORONTO, Aug 7, 2014 — Toronto Real-est

TORONTO, Aug 7, 2014 — Toronto Real-estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by Ten percent to 9,198.

“The second half of 2014 started where the 1st half left off, with extraordinarily robust requirement for the diversity of reasonable home possession options in the Greater Toronto Area. Sales were up strongly for most major home types and market conditions actually tightened, with sales expansion outpacing listings growth.

The average selling price for July 2014 sales was $550,700 up by 7.5 per cent compared against July 2013. The strongest rate of price growth was reported for the detached market segment in the City of Toronto, with a year-over-year change of 11 per cent. The better-supplied condo apartment segment experienced average price growth of 5.3 per cent for the GTA in total.

“Strong demand for possession housing will underpin robust average cost increases for the remainder of 2014. In reality the pace of price expansion that we have experienced over the last year will continue till growth in listings outpaces growth in sales for an extensive period of time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Toronto Real Estate June 17, 2014

Leave a comment

TORONTO, June 17, 2014 — Toronto Real Estate Board President Dianne Usher announced both sales and new lists were up significantly during the first Fourteen days of June 2014 compared against the same period in 2013. New listings were up on a year-over-year basis for most major home types in the Town of Toronto and surrounding regions. However, sales expansion outpaced growth in new listings, which suggests that there’s still a large amount of pent-up demand yet to be satisfied, so sellers’ market conditions will possibly remain in position for the rest of 2014," said Ms. Usher.

Sales reported through the TorontoMLS system during the first 14 days of June amounted to 4,938 up by 11.3 % compared with 2013. New listings were up over the same period by 7.8 % to 8,825.

The average selling price for June mid-month transactions was $582,100, which represented an increase of 8.6 percent matched against the average of $535,865 in 2013.

"Average selling prices were up across the GTA for low-rise home types like singles, semis and townhouses and also for condo flats. This is not surprising given that the amount of transactions was up matched against 2013 by a greater rate than the number of new listings, which implies that competition between consumers arguably increased," said Jason Mercer, TREB’s Senior Manager of Market Research.

spacer.gifspacer.gifwww.tomsmok.com

www.tomsmok.wordpress.com
www.tomsmok.blogspot.ca

This gallery contains 0 photos

Toronto Real Estate Board June 4

Leave a comment

TORONTO, June 4, 2014 -Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago.

Total TorontoMLS sales for May 2014 amounted to 11,079 a new high for the month of May. This result was up by 11.4 % compared to 9,946 sales reported in May 2013.

"We are now at the top of the spring market when we often see the best number of sales and the highest average selling prices. The average selling price for these sales was $585,204, representing an 8.3 per cent year-over-year increase compared to the average price of $540,544 in May 2013. Based primarily on the May stats, buyers have been more active this spring compared to last year. Regardless of strong price expansion so far in 2014, many households remain ok with the monthly home loan payments associated with the purchase of a home, as borrowing costs have remained at or near record lows during the last few months," said Ms. Usher.

Average selling prices varied across the Larger Toronto Area, depending on geography and home type. A detached home in the City of Toronto sold, typically for $943,055. In the encircling GTA regions, the average detached price was $648,439.

"The listings situation in the GTA did not improve this past May. The result was price growth well-above the rate of inflation, particularly for singles, semis and townhomes," said Jason Mercer, TREB’s Senior Manager of Market Analysis. With listings down and sales up compared to last year, competition between purchasers increased.

"It is also critical to point out that even though the condo studio market segment remains relatively well-supplied, as new project completions have generally led on to an uptick in lists, we have seen enough purchaser interest to prompt strong apartment price growth as well," continued Mercer. President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago.

Total TorontoMLS sales for May 2014 amounted to 11,079 a new high for the month of May. This result was up by 11.4 % compared to 9,946 sales reported in May 2013.

"We are now at the top of the spring market when we often see the best number of sales and the highest average selling prices. The average selling price for these sales was $585,204, representing an 8.3 per cent year-over-year increase compared to the average price of $540,544 in May 2013. Based primarily on the May stats, buyers have been more active this spring compared to last year. Regardless of strong price expansion so far in 2014, many households remain ok with the monthly home loan payments associated with the purchase of a home, as borrowing costs have remained at or near record lows during the last few months," said Ms. Usher.

Average selling prices varied across the Larger Toronto Area, depending on geography and home type. A detached home in the City of Toronto sold, typically for $943,055. In the encircling GTA regions, the average detached price was $648,439.

"The listings situation in the GTA did not improve this past May. The result was price growth well-above the rate of inflation, particularly for singles, semis and townhomes," said Jason Mercer, TREB’s Senior Manager of Market Analysis. With listings down and sales up compared to last year, competition between purchasers increased.

"It is also critical to point out that even though the condo studio market segment remains relatively well-supplied, as new project completions have generally led on to an uptick in lists, we have seen enough purchaser interest to prompt strong apartment price growth as well," continued Mercer.


spacer.gifspacer.gifwww.tomsmok.com
www.tomsmok.wordpress.com
www.tomsmok.blogspot.ca

This gallery contains 0 photos

Follow

Get every new post delivered to your Inbox.

Join 377 other followers