Not surprised to hear about the Vancouver real estate market with the recent changes. We continue to feel the effects on the Toronto market here in the Kawartha Region as housing costs are high and inventory is low. Finding the perfect cottage or waterfront property in this market can be challenging so if you are looking to purchase a property in the Kawartha region give us a call as we are continuously speaking with cottage owners who are looking to sell.
Article Summary:
• The Real Estate Board of Greater Vancouver reported Thursday that home sales in January in Metro Vancouver dropped by 39.5 per cent year-over-year, from 2,519 to 1,523.
• TREB also reported that the average selling price in the GTA was up by 22.3 per cent on a year-over-year basis in January to $770,745, with double-digit gains in the average prices for all major home types.
• That's not the first time within the last year that GTA housing sales prices outside of the downtown have outpaced those within the city, Mercer said.
ROY Canada's key housing markets diverge as Toronto booms, Vancouver falls A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy Posted: Friday, February 3, 2017 10:13 am | Updated: 11:00 am, Fri Feb 3, 2017. Canada's key housing markets diverge as Toronto booms, Vancouver falls David Hodges The Canadian Press Penticton Herald | 0 comments TORONTO - Real estate sales figures in January are reinforcing suggestions that Canada's two most widely watched housing markets will take divergent paths this year, with Toronto set to continue its boom while...
Not surprised to hear about the Vancouver real estate market with the recent changes. We continue to feel the effects on the Toronto market here in the Kawartha Region as housing costs are high and inventory is low. Finding the perfect cottage or waterfront property in this market can be challenging so if you are looking to purchase a property in the Kawartha region give us a call as we are continuously speaking with cottage owners who are looking to sell.
Article Summary:
• The Real Estate Board of Greater Vancouver reported Thursday that home sales in January in Metro Vancouver dropped by 39.5 per cent year-over-year, from 2,519 to 1,523.
• TREB also reported that the average selling price in the GTA was up by 22.3 per cent on a year-over-year basis in January to $770,745, with double-digit gains in the average prices for all major home types.
• That's not the first time within the last year that GTA housing sales prices outside of the downtown have outpaced those within the city, Mercer said.