Toronto Home Sales Increase Mid-January 2015

The Toronto Real Estate Board says that home sales in Toronto were up by 9.8 per cent during the first few weeks of January compared to the same time last year, with a total of 1,409 sales.

“Despite the cold weather, home buyers remained quite active during the first two weeks of the New Year,” said the president of the Toronto Real Estate Board, Paul Etherington. “Households continued to take advantage of the diversity of affordable housing options available throughout the Greater Toronto Area.”

The average home price decreased slightly compared to the first two weeks of January 2013, arriving at $510,532.

“The slight dip in the average selling price reflects that we saw a different mix of homes sold this year compared to last year during the first two weeks of January, as evidenced by a lower average listing price,” said the director of market analysis for the Toronto Real Estate Board, Jason Mercer. “The month-end MLS HPI Composite benchmark price and the average selling price will provide a clearer view on prices.”

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