Toronto Real Estate Sold Watch
Do you ever wonder what your neighbours got when their house sold ... what yours might be worth? Curious about what's going on in the local real estate market? Well, wonder no more.
You might be surprised to hear that you now have immediate access to information on all properties that have just been sold or listed on the Toronto Real Estate Board's MLS® system.
This information is available by paid subscription ($1.00 per month for each report) to individuals who want to inform themselves with real facts about real estate activity in Greater Toronto. This information also helps to ensure transparency in the process of buying and selling real estate in the Toronto area.
Just Sold Report
The Just Sold Report gives homeowners a tool to assess the value of their home and helps buyers make informed decisions about their real estate purchase.
Just Listed Report
The Just Listed Report is ideal for people looking to buy a home in a specific area. You can quickly and easily scan all of the new listings of homes or condos that have just come on the market in your geographic area of interest.
The exclusive Just Listed and Just Sold reports are provided by Select/Plan Real Estate Inc.- Real Estate Brokerage
April 12, 2016 | Permalink
Toronto Sales Up 16% in March
Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions. There were 10,326 sales in March and 22,575 sales in the first quarter. The year-over-year growth rate for sales was 15.8 per cent for Q1 2016 and 16.2 per cent for March 2016. For the TREB market area as a whole, double-digit year-over-year rates of sales growth were experienced for all major home types during the first quarter.
The positive annual growth in sales was not mirrored on the listings front. The number of new listings entered into TREB's MLS® System during March and the first quarter were down compared to the same periods in 2015.
“At the beginning of 2016, TREB’s outlook for the year pointed to a strong possibility of a second consecutive record year for home sales. This outlook was based, in part, on upbeat consumer survey results pointing to robust home buying intentions. It is clear that these upbeat intentions have translated into record first quarter results,” said Mr. McLean.
The MLS® Home Price Index Composite Benchmark for March 2016 was up by 11.6 per cent compared to March 2015. The average selling price for all home types combined was up 12.1 per cent year-over-year in March and 13.6 per cent in the first quarter.
“Demand was clearly not an issue in the first three months of 2016, regardless of the housing market segment being considered. The supply of listings, however, continued to aggravate many would-be home buyers. We could have experienced even stronger sales growth were it not for the constrained supply of listings, especially in the low-rise market segments. The resulting strong competition between buyers has underpinned the double-digit rates of price growth experienced so far this year,” said Jason Mercer, TREB’s Director of Market Analysis.
See the Toronto Real Estate Board's Market Watch report →
April 5, 2016 | Permalink