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Adi Hauer
Sales Representative
416-495-3837

 

HAUER BROTHERS
Our Service | Your Success

TORONTO, CANADA


info@HauerBrothers.com 

Ingo Hauer
Broker
416-495-2767

 

 Royal LePage Terrequity Realty, Brokerage

Independently Owned & Operated

TORONTO RESALE HOUSING MARKET REPORT - JANUARY 2019

February 11, 2019 - Updated: February 19, 2019

 

TREB MLS®System Monthly Report for January 2019. TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS®in January 2019 up by 0.6 per cent compared to January 2018.

 

On a preliminary seasonally adjusted basis, sales were up by 3.4per cent compared to December 2018. It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather experienced in the GTA region during the last week of the month.The fact that the number of transactions edged upwards is in linewith TREB’s forecast for higher sales in calendar year 2019,” said Mr. BhauraThe MLS® HPI Composite Benchmark price was up by 2.7per cent compared to January 2018.

 

The condominium apartment market segment continued to lead the way in terms of price growth. The average selling price was up by 1.7 per cent on a year-over-year basis. After preliminary seasonal adjustment, the average selling price edged lower compared to December 2018.“Market conditions in January, as represented by the relationship between sales and listings, continued to support moderate year-over-year price increases,regardless of the price measure considered.

 

Given housing affordability concerns in the GTA, especially as it relates to mortgage qualification standards, we have seen tighter market conditions and stronger price growth associated with higher density low-rise hometypes and condominium apartments, which have lower average selling prices compared to single detached homes,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

 

 

 

 

 


Tagged with: market watch toronto housing market report january 2019 resale housing market housing market toronto real estate news toronto real estate treb numbers toronto real estate board
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