February 2012 -  Toronto Real Estate Board Market Watch Report

Strong Sales/Price Growth Continue in 2012

February 2012 -- Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.

“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver.

“The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

“Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

View detailed listing information of properties that are currently on the market on my home page of my web site.

Click on the W01 - W09  neighbourhood tabs on my home page of my web site:  www.TorontoWestRealty.com for current available listing information on homes and condominiums in West Metro Toronto.

Please E mail me at aadams@torontowestrealty.com or call me on my easy to remember numbers for any real estate matter, any time.

416 255 SOLD (7653)   or

Cell  416 801 SOLD (7653)

Sincerely,

Anne Adams, Broker of Record
Toronto West Realty Inc., Brokerage

aadams@torontowestrealty.com

www.TorontoWestRealty.com