Toronto and Etobicoke Real Estate Homes Sales for February 2017

Looking for current information on Toronto and Etobicoke Real Estate Home Sales for February 2017?

Toronto Real Estate Board President Larry Cerqua announced Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February. Despite the fact February 2016 had one more day due to the leap year day. This result was up on a year-over-year basis by 5.7 % compared to 7,583 sales reported last year.Looking for current information on Toronto and Etobicoke Real Estate Home Sales for February 2017?

“The February statistics tell me that many Greater Toronto Area households continue to view home ownership as a great long-term investment. The high demand for ownership housing we’re seeing is broad-based with strong sales growth for most low-rise home types and condominium apartments. This makes sense given the results of a recent consumer survey undertaken for TREB by Ipsos which found an even split between intending first-time buyers and existing homeowners who indicated that they were planning on purchasing a home in 2017,” said Cerqua.

While the demand for ownership housing grew over the past year, new listings entered into TREB’s MLS® System in February were down on a year-over-year basis by 12.5 % to 9,834.

“The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of price growth to continue,” said Jason Mercer, TREB’s Director of Market Analysis.

But that is only a snapshot of what happened in the GTA. If you are looking for Etobicoke Real Estate Home Sale stats for your local area, I have you covered.

Here is a snapshot of homes sold in the month of February for Etobicoke:

ETOBICOKE REAL ESTATE MARKET WATCH

How did your Etobicoke market do? Do you have questions about your Etobicoke home and wonder where it falls within theses stats?

For more detailed information on your Etobicoke neighbourhood or more specifically on your own home. I invite you to give me a call at 416-762-8255 or e-mail me today

PART OF MY JOB AS YOUR REALTOR® IS TO PROVIDE YOU WITH UP TO DATE LOCAL MARKET STATISTICS. THIS WAY  YOU ARE KEPT IN THE KNOW ABOUT YOUR HOME’S WORTH.

THIS INFORMATION IS CRITICAL FOR MAKING A DECISION IF YOU ARE THINKING ABOUT WHETHER NOW IS A GOOD TIME TO SELL, BUY  OR JUST ENJOY YOUR HOME FOR MANY YEARS TO COME!