Real Estate News

February 2018 GTA Real Estate Market Report

Sales of homes declined steeply across the GTA last month compared to February 2017. Home sales fell by 34.9% Year over Year in February 2018 and average selling price was also down by 12.4% during the same time period. Of course, it is important to remember that February's average price ( 767,818 $ ) remained 12% higher than the average reported for February 2016! Condo market is still strong and price increased 10.1 % since last year which is very fantastic. The number of new listing entered into MLS system in last month was 10,520 which is 7.3 % increase over February of 2017 ( 9,801 ). The market is returning to a balanced state. All info obtained from TREB.

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