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  7. Average Toronto home price reaches $609,236 in record-breaking July

Average Toronto home price reaches $609,236 in record-breaking July

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17 Aug 2015 13:16 #268062 by chairman
A record number of Toronto-area homes sold in July, with the average selling price reaching $609,236 for the month.

Toronto Real Estate Board President Mark McLean said 9,880 homes sold in the Greater Toronto area in July 2015, representing an 8 per cent increase from the sales in July 2014.

In a report released Thursday, McLean said the sales broke the sales record for July, a month that's typically slower for the real estate industry.
"It is important to point out that home ownership demand has been driven not only by low borrowing costs, but also by the fact that the GTA economy has been preforming quite well," McLean said in the report.
Average July sale price up
The TREB report found that the average sale price in the GTA was $609,236 for the month of July, up 10.6 per cent from July 2014, when the average was $550,625.
The average sale price reached a record high for the month of July, but is actually lower than the average price in June.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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18 Aug 2015 14:38 #268247 by chairman
houses outside toronto must be a million
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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  • Barbosa
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19 Aug 2015 13:18 #268350 by Barbosa
It's a given ...what goes up must come down. And it will.

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19 Aug 2015 13:30 #268356 by ketchim

Bank Of Canada not messing with the low mortgage rates...

I suspect in September : sh!t will hit the fan !  :-[

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  • VillageBelle
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19 Aug 2015 13:41 #268359 by VillageBelle
I wish

In toronto my house would easily go for over 1million
but not where I live......similar house sold recently for 600K :(

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  • Googley
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19 Aug 2015 14:08 #268362 by Googley
sell sell sell!!  8)

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  • vegito12
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19 Aug 2015 20:05 #268394 by vegito12
I reckon for the real estate agents this means money as they will be getting a good amount of commission for the job and also they will have more references, and also clients as well which will mean they will get good business each day. It is interesting to see what happens in the country and the prices can be a good amount for the home owner and also means they will be able to do quite a bit, with the money they make and enjoy the profits from the sale. So more sales may happen this month and will be interesting to see what occurs and the low rates to borrow, may mean it will see more sales and also commissions for the agents who are involved in the process.

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  • Kwami
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19 Aug 2015 20:23 #268396 by Kwami
When I am ready , I will list it on Kijiji  . Eff  the real estate  agents

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20 Aug 2015 12:40 #268460 by ketchim
When a Lawyer represent himself in Court it is a well known fact :

"He has a Fool for a Lawyer"  ;)

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  • Watooka
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20 Aug 2015 12:56 #268465 by Watooka
You guys lucky that you can get houses that cheap. In parts of London that sort of money will only buy you a garage or a shed.

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