Toronto Real Estate Market Update: February 2017 - Lori Williamson
Lori Williamson

Toronto Real Estate Market Update: February 2017

15 March 2017
Lori Williamson

Property Prices Did What?

I'm not sure whether I should be yelling Yikes or Yippee after reviewing the Toronto Real Estate stats for February 2017.

If you had a chance to watch the video you learned that:

  • the average property increased by $190,245 or 27.7%
  • the average price for a home in the GTA is $876,000
  • homes are selling faster than ever, down by 38.1% - selling within 13 days on average
  • active listings are down by 50.5%
  • however, sales are actually up by 5%

I'm advising all homeowners to stay up-to-date with property values in your neighbourhood by signing up for my instant updates - where you'll receive new listings, sold prices and be notified of upcoming open houses.  It's always good to keep on top of what's happening in your area, since your home isn't just a home, it's an excellent investment. If you want to find out how much your home is actually worth - whether for re-financing purposes, curiosity or because you're thinking of selling - fill our the form here or call my office direct 647.503.4701.

If you're thinking that you might be in the market to buy a home, start your home search here.  And if you're ready to meet up for a strategy session on how we can handle the purchase of your dream home in these current market conditions, let's chat 647.503.4701.

See you next month.