MISSISSAUGA- GTA-REAL ESTATE MARKET UPDATE -JANUARY 2012
The real estate market is still hot in the Greater Toronto Area. January sales were up by 8.8% compared to sales in January last year. There were 4567 homes sold in January 2012. Sales growth was strongest for low-rise home types in the regions surrounding City of Toronto.
This is due to affordability factor with very low posted fixed mortgage rates and the consumer and buyers confidence in their ability to achieve the Canadian goal of home ownership.
The average selling price for January 2012 transactions was $463,534.00 up by almost nine percent compared to January 2011.
There has been multiple offer situations in the market due to low inventory and strong competion from the buyers. A better supplied market should result in a slower rate of price growth especially in the second half of 2012 said Jason Mercer who is the Senior Manager of Market Analysis at Toronto Real Estate Board.
If anyone needs a specific analysis of their neighbourhood and price, please feel free to send me email or contact me.
Are you downsizing, Upsizing, Buying your first home or moving up or even thinking of buying an investment property, Looking for Property Management...we help you with all the aspects of Real Estate.
Have no time for downsizing your parents and need all the help in moving them out of the current home, helping them to pack and seeling the home then do call me ..I have earned stripes to be an ACCREDITED SENIOR AGENT with full resources available to make the transition easy for SENIORS.
Comments(0)