Monthly Archives: October 2016

HOT NEW LISTING: 12 ALROB COURT, VAUGHAN | $1,898,000

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Absolutely Stunning Home! Prime Thornhill Valley Estates With A Premium Lot On A Private Court. This Beautiful Upgraded Home Features Custom Kitchen Cabinetry With Granite, Over Sized Island, SS Appliances & Backsplash. Extended Front Entrance, Smooth Ceilings, 7” Handscraped Hardwood, Lighting, Caesarstone Bathrooms, Windows, 10′ Main, 9′ Second, 8′ Doors, Tiles, Mantle, Spindles, Hardware And More. See Full List Attached & Virtual Tour!!

Extras: Stainless Steel Appliances (Gas Stove, Fridge, Dishwasher, Built In Stacked Ovens, Warming Drawer, Wine Fridge) Washer & Dryer, Lighting Fixtures, Window Coverings, CVAC & GDO. *60 Foot Wide Backyard Largest On Street* Over 3700 Square Feet Of Luxury!

Open House: Saturday October 15 & Sunday October 16 from 2:00pm to 4:00pm
For More Photos & Information Visit: www.12Alrob.com

 

TORONTO REAL ESTATE MARKET UPDATE: Sales Growth Continues in September

September 2016 has brought a reported 9,902 sales through TREB’s MLS® System and this result was up by 21.5 per cent compared to September 2015. For the region as a whole, strong annual rates of sales growth were experienced for all major home types. The pace of detached sales growth was slower in the City of Toronto and the number of semi-detached sales was down compared to last year. In both cases, the year-overyear dip in new listings was likely the issue.
We continued to see strong demand for ownership housing up against a short supply of listings in the Greater Toronto Area in September. The sustained lack of inventory in many neighbourhoods across the GTA continued to underpin high rates of price growth for all home types,” said Toronto Real Estate Board President, Larry Cerqua.
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The MLS® HPI Composite Benchmark grew by 18 per cent compared to September 2015. The average selling price was up by 20.4 per cent to $755,755. It is important to remember that the MLS® HPI provides a price growth measure for a benchmark home, thereby allowing for an apples-to-apples comparison from one year to the next. The average selling price can be influenced by changes in both market conditions and the mix of homes sold.

“The Toronto Real Estate Board will be closely monitoring how the recent changes to Federal mortgage lending guidelines and capital gains tax exemption rules impact the housing market in the Greater Toronto Area. While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale,” said Jason Mercer, TREB’s Director of Market Analysis.