TORONTO, January 18, 2016 – Today, The Toronto Real Estate Board launched its ground-breaking Market Year in Review & Outlook report at an event in Toronto.
“After a record year for home sales in 2015, another strong year is forecast for transactions reported through TREB’s MLS® System in 2016. Between 96,500 and 105,000 home sales are expected to be reported this year. Whether we see the second best year on record or a second consecutive record year will largely depend on the direction of borrowing costs and the availability of listings, particularly in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis.
The report provides key insight on the current state and future of the real estate market with key statistics from a never-before-seen survey of recent and intending home buyers conducted for TREB by Ipsos Reid.
Home prices will continue to trend upward in 2016. The calendar year average selling price is forecast to be between $655,000 and $665,000.
For the complete report... click here or email Irene at Irene@SoldByIrene.ca and I will forward it to you. My clients already have a copy... do you?
Irene Owchar is a Mississauga Realtor: "I grew up in Missy, lovin' raising my kids and working in this beautiful City."
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