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Toronto Real Estate Home Prices Report - December 2016
Toronto Real Estate Home Prices Report For December 2016  [All statistics via TREB Market Watch] SMXLL  Average sales year-to-year increases In the final month of 2016, the Toronto MLS statistics show evidence that 2016 will be the second consecutive record year through the TREB MLS system.  In December, GTA realtors reported 113,113 transactions for home sales, up from 101,213 year-over-year comparison. This is a 11.8% increase compared to December 2015. In the TREB market districts, sales were up for all major home types, with the strongest annual rate of sales growth experienced in the condominium market and detached homes throughout the calendar year. TREB recently commissioned IPSO to determine if the demand for housing was influenced by foreign or domestic in nature in the GTA. The results of the IPSO survey showed the level of foreign buying activity is low in the GTA. This explains that housing demand is mostly of domestic in nature. In the City of Toronto, the share of foreign buyers was only 5%.   Check back at the end of January 2017 for the release of 2016 Toronto Real Estate Market Review, the Outlook projection for 2017, and potential policy changes. Overall Price Growth Across Major Home Types Up 20.3% The continual strong Sellers market and lack ... more

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