GTA JANUARY 2019 REAL ESTATE STATS

 Average Sale Prices by Major Home Type

• area 416 Detached: $1,174,134
• area 416 Semi-Detached: $993,465
• area 416 Townhouse: $797,528
• area 416 Condo Apt: $591,444

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•  area 905 Detached: $883,027
• area 905 Semi-Detached: $650,737
• area 905 Townhouse: $600,465
• area 905 Condo Apt: $456,857

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Market conditions in January, as represented by the relationship between sales and listings, continued to support moderate year-over-year price increases. Given housing affordability concerns in the GTA, especially as it relates to the “Stress Test ” mortgage qualification standards, we have seen tighter market conditions and stronger price growth associated with higher density low-rise home types and condominium apartments, which have lower average selling prices compared to single detached homes.

 FREE CUSTOM HOME EVALUATION AVAILABLE FOR YOUR HOME!

Need more information? Don’t hesitate to contact me directly: 416-879-2094

patriciakatzrealestate@gmail.com

Patricia Katz, Broker

Sutton Group-Associates Realty Inc., Brokerage