TORONTO, August 2, 2013 – Greater Toronto Area REALTORS® reported 8,544
residential sales through the TorontoMLS system in July 2013. Total sales were up by
16 per cent compared to July 2012. Over the same period, new listings added to
TorontoMLS and active listings at the end of the month were up, but by a substantially
smaller rate of increase compared to sales.
“Last month’s sales represented the best July result since 2009 and was the third best
July result on record. Despite recent increases in average borrowing costs, home
buyers are still finding affordable home ownership options in the GTA,” said Toronto
Real Estate Board President Dianne Usher.
Reflecting tighter market conditions, the average selling price for July sales was up on a
year-over-year basis by 8 % to $513,246. The low-rise market segment
continued to be the driver of overall price growth. It should be noted, however, that the
average condominium apartment price was also up by more than the rate of inflation on
an annual basis. The MLS® Home Price Index (HPI) was also up on a year-over-year
basis for all major home types
residential sales through the TorontoMLS system in July 2013. Total sales were up by
16 per cent compared to July 2012. Over the same period, new listings added to
TorontoMLS and active listings at the end of the month were up, but by a substantially
smaller rate of increase compared to sales.
“Last month’s sales represented the best July result since 2009 and was the third best
July result on record. Despite recent increases in average borrowing costs, home
buyers are still finding affordable home ownership options in the GTA,” said Toronto
Real Estate Board President Dianne Usher.
Reflecting tighter market conditions, the average selling price for July sales was up on a
year-over-year basis by 8 % to $513,246. The low-rise market segment
continued to be the driver of overall price growth. It should be noted, however, that the
average condominium apartment price was also up by more than the rate of inflation on
an annual basis. The MLS® Home Price Index (HPI) was also up on a year-over-year
basis for all major home types
No comments:
Post a Comment