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Sales & Price Growth Continue in November

 

TORONTO, December 4, 2014 – Toronto Real Estate Board President Paul Etherington

announced that Greater Toronto REALTORS® reported 6,519 residential transactions 

through the TorontoMLS system in November 2014. This result was up by 2.6 per cent 

compared to 6,354 sales reported in November 2013. Through the first 11 months of 2014, 

total sales amounted to 88,462 - up 6.6 per cent compared to the same period in 2013.

 

While the trend of year-over-year sales growth continued, the supply of listings remained 

constrained, with active listings at the end of November down in comparison to last year.

"Even with a constrained supply of homes for sale in many parts of the Greater Toronto 

Area, buyers continued to get deals done last month. Households remain upbeat about 

home ownership because monthly mortgage payments remain affordable relative to 

accepted lending standards. This is coupled with the fact that housing has proven to be a 

quality long-term investment," stated Mr. Etherington.

 

The average selling price for November transactions was up by 7.4 per cent year-over-year 

to $577,936. The year-to-date average price was up by 8.4 per cent to $567,198. The 

MLS(R) Home Price Index Composite Benchmark price for November was up by 7.7 per cent 

compared to a year earlier. 

 

"The robust average price growth experienced throughout 2014 has been fundamentally 

sound, with demand high relative to supply. Strong competition between buyers has 

exerted upward pressure on selling prices. Barring a substantial shift in the relationship 

between sales and listings in the GTA, price growth is expected to continue through 2015," 

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 President's Gold Award for 2013.  This puts me in the top 6% in Canada for Royal LePage. 

 

 

 


 

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Lucy Brookhouser BROKER

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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