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MARKET WATCH


Strong Start to 2015

TORONTO, February 4, 2015 – Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.

 

"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 Mr. Etherington. The average selling price for January 2015 home sales was up by 4.9 per cent year-overyear to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014.

 

"Home price growth is forecast to continue in 2015. Lower borrowing costs will largely mitigate price growth this year, which means affordability will remain in check. The strongest rates of price growth will be experienced for low-rise home types, including singles, semis and town houses. However, robust end-user demand for condo apartments will result in above-inflation price growth in the high-rise segment as well," said Jason Mercer, TREB's Director of Market Analysis.

 
 

King City real estate, Kleinburg real estate, Vaughan real estate, and Richmond Hill real estate is in high demand.  Interest Rates are still low, and there are a shortage of listings in some areas.  If you were on the market previously, and didn't sell, try it now. Please take a look at the local market information statistics under the “Helpful Information” tab at the top of your screen and then click Local Market Information.

 

Call me for an accurate evaluation of your property.  I will provide a top notch marketing plan and tell you about my satisfaction guarantee. 

It’s about people, is not just a slogan - it’s who I am. I know what you’re thinking and feeling because I’ve been through it a number of times. I’m here to help you feel more comfortable, more relaxed and ultimately feel more like “home” until you re-establish your home. I’ll get to know you, your lifestyle and what is required to make your transition a smooth one.

If you are a buyer, it would be a good idea to hire Realtors, To help navigate this difficult market.  I will discuss a plan to find the right home for you, be it a house, condominium, investment property, or a townhouse. I'm happy to announce that I've been awarded the Director's Platinum Award for 2014.  This puts me in the top 5% in Canada for Royal LePage. 

 

 

 


 

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Lucy Brookhouser BROKER, ABR

Royal LePage Your Community Realty Brokerage

Independently owned and operated

9411 Jane Street, Vaughan ON, L6A 4J3

Phone: 905.832.6656

Fax: 905.832.6918

Mobile: 416.708.5597

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