By Ilan Joseph, Broker, ABR, e-PRO, AMP | © All rights reserved | Follow @TopTorontoAgent
Toronto Real Estate Market Update | January 2015
The Toronto Real estate market is off to a strong start in 2015. This January we saw a 6.1% increase in homes sold compared to last January with no slowdown in sight.
There was a significant surge in new listings, up by 9.1% over last years numbers, yet supply remains very tight with prices also up by a more modest 4.9% over last year.
Multiple Offers are still the norm this winter on virtually all property types, including all detached singles, semis, townhomes and even on some condos.
With interest rates getting cut and the lack of available homes, you can expect demand to remain high for the near future.
See the full report here: TREB Market Watch | January 2015
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.
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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.
You can find him on LinkedIn, Twitter, YouTube and Google+.
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.