Toronto 2016 Numbers Are Out…Another Record Year!

January 17th, 2017

No surprise here. The number of sales in Toronto increased from 101,213 (for the year of 2015) to 113,133 (for the year of 2016) which is an annual increase of 11.78%. At the end of 2016, the average sales price in the GTA was $729.922 which is up from $622,121 in 2015.

It’s worth noting that a recent study was done to measure the amount of foreign real estate transactions in the GTA over the past year (from September 2015 to September 2016). Less than 5% of real estate transactions involved a foreign party which shows that FOREIGN BUYERS ARE NOT THE MAIN CAUSE FOR TORONTO’s INCREASING REAL ESTATE MARKET.