Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19% compared to the same period last year. "Households in the GTA have become more confident in purchasing a home over the past 3 months," said TREB President Maureen O’Neill. "Affordability, due in part to very low borrowing costs, has played a key role."
The average price for MLS® sales was $407,716, up by 2% compared to last year."Heightened interest in ownership housing this spring has solidified resale home prices,"according to Jason Mercer, TREB's Senior Manager of Market Analysis. “The number of homebuyers has been high relative to the number of listings, pushing the average price above lastyear's level.”
For a complete copy of the Market Watch Report visit http://www.zeeniakola.com/
For Further details contact:
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Ph: 905-828-3434
or
Email: zeenia@zeeniakola.com
or
http://www.zeeniakola.com/AgentProfile/contactme.cfm
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