or

Not a member? Sign up now and create your RedPin account

Sign in to get the latest listings.


By registering you accept
our terms of use.

Register to get the latest listings.

Already a member? to your RedPin account

Forgot your password eh?
Don’t worry, it happens.

By creating an account you accept our terms of use.

Loading...

Please be patient

Attempting
Facebook login

Please close the Facebook login window to return to the regular login.

0

Toronto Housing Prices are on the Rise – Financial Post

City of Toronto

As seen in a recent article in the Financial Post, housing prices in the GTA are on the rise. Sales may have dropped 1% year-over-year in June, but the housing prices in the same period have shot up 4.7%.

This is primarily seen thanks to growth in the single-detached and semi-detached houses in the GTA, while average condominium apartment prices have remained the same.

The housing market has improved since the first quarter of 2013, where we saw a tightening of houses going on the market and the number of transactions occurring. While transactions have still not improved, increased demand thanks to new searches has pushed housing prices higher, giving home sellers more incentive to command the value of their home.

Universally, we are seeing a drop in sales and an increase in prices, all resulting in a short supply of low-rise home types, especially detached housing.

What do you think about the rise in housing prices? Is this an indicator of a shift in the market?

Source: Financial Post

 

Did you enjoy this article?
Share the Love
Get Free Updates

About the Author

TheRedPin, Brokerage is a real estate brokerage that does things differently, serving the GTA and select cities in Ontario. The brokerage has been leading the way with new efficiencies in the real estate industry, offering a customer-service oriented real estate experience with advanced technology and non-commissioned agents (who are paid on salary and given bonuses based on customer satisfaction). Additionally, the brokerage offers TheRedPin Rebate: a 25% cash back incentive. TheRedPin also features an award-winning website featuring more listings than any other real estate site. To learn more about TheRedPin, Brokerage, visit www.TheRedPin.com/company-info.