Sunday October the 22nd, 2017 

TEAMJONAMANTE: *Jon*Sylvia*Mehdi*Cliff*Neil  *Sales Representatives

REMAX Realtron Realty Inc. Brokerage

Independently owned and operated

2815 Bathhurst Street, Toronto ON, M6B 3A4

Direct: 416-543-8852

Office: 416-782-8882

Toll Free Fax: 1-866-513-2193

Fax: 416-782-3329

January 2013 Market Stats at a Glance

February 6, 2013 - Updated: February 6, 2013

The first time buyer is back!  Mortgage lenders are seeing a surge of pre-approvals partly due to a pent up demand in the last few months due to the holidays and buyers waiting on the sideline to get a feel of the direction of local real estate.

 

Here are the latest real estate market stats for January 2013:

  • Home sales were down by 1.3 per cent over last year's figures but prices were up 4.3 percent across the GTA
  • Average price of a GTA home in January was $482,648 compared to $462,655 a year ago
  • Average price of a home in the city is $765,049 compared to $563.675in the 905 regions
  • Average price of a resale condo in the 905 region is $269.073 compared to $340,295 in the 416 area
  • Townhouses saw the biggest decline in sales, down 11.2 per cent but prices were still up by 2 per cent in the Toronto area while the 905 areas saw a 1 per cent increase.

 

Note that the decline in sales is mainly due to lack of inventory and not due to a decrease in demand. 

With interest rates at its lowest - there's no better time  to buy than now! 


Tagged with: real estate gta toronto. condos homes first time buyers home buyers
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