Low Supply And High Demand For Homes Continue In The GTA!

July 25th, 2016

The story remains the same this quarter. With a very low supply of homes for sale versus the strong demand, prices continue to soar. With an increasing population, low mortgage rates and lack of supply of listings, Toronto real estate will continue increase in value. The average sales price in June 2016 was $746,546, which is 16.8% higher than the average sales price in June 2015 ($639,309).

Toronto Real Estate Up Again In June

July 6th, 2016

Number of sales up by 7.5% in June 2016 (compared to June 2015) and sales prices up by 16.8%!!! We need more sellers or else prices are going to keep rising…too much demand with very little supply.