Surprising Facts And More From The TREB Homeowners Survey

The Toronto Real Estate Board recently released its Market Year In Review and Homeowners Survey. Here are some of the highlights:

  • There were 101,299 homes sold in 2015, an increase of 9.2 per cent over 2014.
  • Approximately 37 per cent of sales were within the City of Toronto, with the rest in other areas of the Greater Toronto Area.
  • 81 per cent of people buying in the City of Toronto had previously lived in the City of Toronto.
  • 60 per cent of homes sold were resale homes.
  • First time home buyers made up of more than half, or 53 per cent, of all home purchases in the GTA, and 60 per cent in the City of Toronto.
  • The average length of time homeowners in the GTA spent in their current homes was 10 years.
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