Housing market headlines can be confusing: Markets are up. Markets are down. Markets are changing. Markets are about to change.
In some areas sales volumes are down, due to lack of activity. In other areas prices are up, due to lack of inventory. The media has to write news items every day, and they put their spin from one day to the next, to make it interesting.
There are several factors to consider such as active listings, demand, price range, price movement, product type eg, commercial, residential houses, residential condos. … (5 comments)
The two markets (houses and condos) within the Greater Toronto Area housing market …….
RealNet Canada Inc. and the Building Industry and Land Development Association’s research show that in February 2015. 1. The average price of a new house in the Greater Toronto Area was $733,578 and this is a 12% increase over the previous year. 2. The average price of a new condo, on the other hand, increased less than 1 per cent during the same time period, going up to $442,672.
The limited supply of land in the Toronto area is increasing … (3 comments)
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