Toronto Real Estate Market Update | November 2014
Real estate in Toronto and the GTA remains hot! With a 7.7% increase in homes sold compared to last october, this fall has proven itself to be one of the busiest in Toronto history.
Although new listings were also up by 3.5% over last years numbers, supply was very tight with a high demand pushing prices up 9% year over year.
There have been multiple offers on virtually everything this fall, including all detached singles, semis, townhomes and even in some condos.
Demand is expected to remain throughout 2014 and into 2015 as homebuyers are still very actively looking for homes in the GTA.
See the full report here: TREB Market Watch | October 2014
If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.
CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!
Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.
For over 12 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals.
He’s kind of like the Bruce Willis of real estate.