A sign of things to come in sales trends?

by |
Canada’s hottest market is set to close out a record year, with average prices eclipsing all-time highs. But sales figures tell two different stories.

The average price of a new home in the GTA has doubled in the last ten years, according to RealNet Canada. The average price of a new low-rise home (detached, semi-detached and townhouses) in the GTA reached $700,779 in November.

“This is the first time the average price of a home in the GTA eclipsed the $700,000 mark," BILD president and CEO Bryan Tuckey said. "As developable land with municipal services within the boundaries of the growth plan becomes limited, its value increases. This drives up the cost of housing and reduces choice, making it increasingly challenging for our members to build homes that people can afford to purchase."

Meanwhile, high rise prices increased three per cent year-over-year to $449,371.

As for sales, the high rise sector in the GTA continues to thrive, with sales jumping 25 per cent. Low rise homes, however, dropped 11 per cent year-over-year. 
  • Errol on 2014-12-23 3:47:33 AM

    I wish to show my appreciation to the writer just for rescuing me from this dilemma. Just after browsing through the internet and finding concepts that were not beneficial, I believed my entire life was well over. Existing devoid of the strategies to the issues you've resolved through your entire article is a critical case, and those which might have badly affected my career if I had not noticed your site. Your primary mastery and kindness in maneuvering all the stuff was valuable. I don't know what I would have done if I had not encountered such a subject like this. I can now look forward to my future. Thanks very much for this skilled and effective help. I will not think twice to recommend your web page to any individual who needs and wants care about this issue.

  • Jerome on 2014-12-23 11:20:10 PM

    Simply want to say your article is as surprising. The clarity on your publish is just spectacular and that i can assume you are a professional in this subject. Well with your permission let me to grasp your feed to keep updated with impending post. Thanks a million and please continue the rewarding work.

  • Iona on 2014-12-24 11:12:43 AM

    What's so great about this....I don't l know. Sounds like Dr. Jackyl (Errol) and Mr. Hyde (Jerome) with narcissistic tendencies (Jamie).

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions