KW NEWS

John Cameron

Toronto Market Stats - January 2020


TREBGreater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.

“We started 2020 where 2019 left off, with very strong growth in the number of sales up against a continued dip in the number of new and available listings. Tighter market conditions compared to a year ago resulted in much stronger growth in average selling prices. Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said Mr. Collins.

The MLS® HPI Composite Benchmark price was up by 8.7 per cent compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017. The condominium apartment market segment continued to lead the way in terms of MLS HPI® price growth, but all home types experienced price growth above seven per cent when considering the TRREB market area as a whole. The average selling price in January was up by 12.3 per cent, driven by the detached and condominium apartment segments in the City of Toronto.

“A key difference in the price growth story in January 2020 compared to January 2019 was in the low-rise market segments, particularly with regard to detached houses. A year seems to have made a big difference. It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment. Strong sales up against a constrained supply continues to result in an accelerating rate of price growth,” said Jason Mercer, TRREB’s Director of Market Analysis and Service Channels.

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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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.