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Market Watch – September 2015

Are you GTA realtor or just generally interested in the trending GTA housing market? Check out the latest on September 2015 results from the Toronto Real Estate Board’s Market Watch.

The Market According to Mercer continues to predict that the Toronto real estate market remains on track for a record sales year.

“We are on track for record home sales reported through TREB’s MLS® System this year.  Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark.  This is a testament to the importance that GTA households put on home ownership as a long-term investment,” said Mr. McLean.

The monthly housing figures speak for themselves as Jason Mercer, TREB’s Director of Market Analysis, reports that “while September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year’s level.  This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter.  Expect strong rates of price growth to continue through the remainder of 2015 and into 2016.”

With strong competition between buyers, ensure you are working with an agent that can help you when the negotiations get tough. As a seasoned realtor, I can help you buy, sell or lease commercial or residential properties.