Toronto Market Up 21.4% in First Four Months (2016)
For those who are following the market, here is a list of the average prices for single family homes in the GTA (Greater Toronto Area) in 2015 and for the first four months of 2016, as reported by the Toronto Real Estate Board.
2015
January $552,925
February $596,320
March $613,818
April $636,094
May $649,648
June $639,309
July $608,875
August $603,534
September $627,818
October $630,254
November $632,800
December $608,753
2016
January $630,527
February $686,058
March $687,936
April $739,082
When we are looking at increases for the year, the December 2015 number is actually the end of the month or 31 December 2015. That’s just the same as the opening number on January 1st.
The increase in value so far this year has been $130,329.00, that’s a 21.4% increase, just in the first four months of 2016.
That’s certainly the largest increase we have seen in recent years.
Brian Madigan LL.B., Broker
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