KW NEWS

John Cameron

Toronto Market Stats - February 2020


TREBIn line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS® System in February 2020, representing a 45.6 per cent increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up by 14.8 per cent compared to January 2020.

New listings amounted to 10,613 in February 2020, a 7.9 per cent increase compared to February 2019. This moderate annual growth rate was much smaller than that reported for sales, which means market conditions tightened considerably over the past year.

As market conditions tightened over the past year, competition between buyers has clearly increased. This resulted in a further acceleration in year-over-year price growth in February. The MLS® Home Price Index Composite Benchmark was up by 10.2 per cent. The average selling price for all home types combined was up by 16.7 per cent to $910,290. Double-digit average price growth was experienced for most major market segments, including detached houses and condominium apartment

Want to find out more?

If you would like further information on how you can help in your area or have any other questions please email john@johncameronteam.com

 



What is RED Day?

RED (Renew, Energize and Donate) Day is a Keller Williams Realty service initiative dedicated to improving our local communities. All Keller Williams Realty associates in Canada were asked to donate their time to renewing and energizing aspects of their local communities. Because of her constant commitment to the culture of our company, this day has been dedicated in honor of our Vice Chairman, Mo Anderson. 

Want to find out more?

If you would like further information on how you can help in your area or have any other questions please email john@johncameronteam.com

 



OutFront Magazine

OutFront is Keller Williams Realty's semi-monthly publication, focused on the Keller Williams advantage, success strategies among our associates throughout North America, and leading-edge strategies to help you to seize the shift in the real estate market to grow your market share.  Each issue is distributed to all of our associates in theUnited States and Canada.

Browse the current issue of OutFrontmagazine!

 

Additional printed copies of the magazine are now available in 10-packs!
Purchase copies of OutFront Magazine here.

 

 

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John Cameron

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Keller Williams Neighbourhood Realty - Realtor Licensed in Ontario Copyright ® 2020 Keller Williams ® Realty. - a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Each brokerage is independently owned and operated.

I have been in business for 30+ years helping my clients to be a success! Thank you, kindly, John Cameron
John Cameron, Honours BBA, Realtor, Sales Representative | john@johncameronTeam.com | Cell: (416) 399-9715 | Office: (416) 236-1392
Copyright © 2020 John Cameron. Sales Representative - Keller Williams Neighbourhood Realty - Realtor.