TREB toronto real estate market

Toronto & GTA Real Estate Market Stats Infographic | February 2013

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca
March 13, 2013 | © All rights reserved

GTA home sales down 15% in February with prices climbing by 2% 

toronto real estate market vaughan real estate market february 2013Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. The average selling price for February 2013 was $510,580 – up two per cent in comparison to February 2012. “Stricter mortgage lending guidelines that precluded government backed mortgages on homes sold for over one million dollars and the City of Toronto’s additional upfront land transfer tax arguably played a role in the slower pace of luxury detached home sales,” added Ms. Hannah. “We will undoubtedly experience some volatility in price growth for some market segments in 2013.  However, months of inventory in the low-rise market segment will remain low, resulting in average price growth above three per cent for the TREB market area this year.  Our current average price forecast is $515,000 for all home types combined in 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.   [slideshare id=17182444&doc=trebhousingmarketcharts-february2013-130313195800-phpapp02] If you have any questions about the Toronto or GTA real estate market, feel free to contact me.      

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    first time home buyer toronto ontariotoronto real estate vaughan real estate for sale   IMG_0080 bwIlan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto real estate team. You can find him on TwitterYouTube and . For over 10 years, Ilan has provided more than 1400 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.     HOMES, ILAN JOSEPH, ILANJOSEPH.COM, THORNHILL CONDO FOR LEASE, THORNHILL CONDO FOR RENT, THORNHILL CONDO FOR SALE, THORNHILL HOMES FOR LEASE, THORNHILL HOMES FOR RENT, THORNHILL HOMES FOR SALE, THORNHILL REAL ESTATE FOR SALE, toronto, TORONTO CONDO FOR SALE, TORONTO HOMES FOR SALE, TORONTO REAL ESTATE FOR LEASE, TORONTO REAL ESTATE FOR RENT, TORONTO REAL ESTATE FOR SALE, VAUGHAN CONDO FOR SALE, VAUGHAN HOMES FOR LEASE, VAUGHAN HOMES FOR RENT, VAUGHAN HOMES FOR SALE, VAUGHAN REAL ESTATE FOR SALE