State of the Market Infographics December 2015 Stats

The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. TREB reported 4,945 sales in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole.

“Home ownership is a quality long-term investment that families can live in while the value increases over time. A relatively strong regional economy in the GTA coupled with low borrowing costs kept a record number of households – first-time buyers and existing homeowners alike – confident in their ability to purchase and pay for a home over the long term,” said Mr. McLean.

“If the market had benefitted from more listings, the 2015 sales total would have been greater. As it stands, we begin 2016 with a substantial amount of pent-up demand,” continued Mr. McLean.

The average selling price for 2015 as a whole was $622,217 – up 9.8 per cent compared to $566,624 in 2014.

Source: TREB MARKET WATCH 2015

Demand remains strong in Toronto which should make 2016 another great year for Toronto real estate.

Contact david@davidspeedie.com or by text/call 647 244 3931 for all your real estate needs.

Check out these infographics breaking down December 2015 Central Toronto Real Estate stats.

State of the Market Infographics December 2015 Stats

Detached

Semi/Rows Houses

Condos

State of the Market Infographics December 2015 Stats