December Caps off fantastic year for the housing market in the GTA

December capped off a great year for the resale home and condo market in the GTA. 4,718 transactions were reported through the TorontoMLS system in December 2011. The December result marked the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.

The average selling price in December was $451,436 – up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.


BUYERS!!!! What are you waiting for? Contact me NOW and avoid the 4% increase.

About

I graduated from the University of Toronto in 2008 with a honors Bachelor of Arts Degree- majored in Law and Criminology. The intention was to go to law school but I began taking real estate courses as a personal endeavor and found that I absolutely loved everything real estate. I found that I was so passionate about it that I decided to turn it in to a career. I’ve been working in real estate for almost 5 years now and have had some great success early on. I began working with Remax Realtron in late 2008 and won Rookie of the Year for my branch that year. In 2009 I closed over 5.5 million worth of real estate in and around the GTA-joining the Remax 100% Club. In 2010, I repeated my success, making the 100% club for the second consecutive year! In early 2012 I joined Right at Home Realty and am now a BROKER. The main goal behind this blog is to help those looking to buy, sell or invest in real estate in Thornhill and Richmond Hill. While these areas are my specialty, having grown up there, I also branch out in to central Toronto, Brampton and Mississauga and especially love the new condominium scene downtown. I believe that to be a true professional you not only need to intimately know the market you service but also be knowledgeable about the surrounding areas. I strive to provide my clients with professional and knowledgeable advice to help them realize their real estate goals. Read the blog, comment on it; ask me any questions you may have and enjoy!

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