CANADIAN REAL ESTATE ASSOCIATION REPORTS for CANADIAN REAL ESTATE:
- Home Sales down 17.4% in December 2012 compared to previous month
- Prices up 1.6 %
GREATER TORONTO AREA MLS REPORTS:
- 3,690 MLS Sales in December 2012
- 4,585 MLS Sales in December 2011
- TORONTO AVERAGE SELLING PRICE 2012 - $478,739
- TORONTO AVERAGE SELLING PRICE 2O11 - $449,566
AVERAGE CONDO SELLING PRICE in DECEMBER 2012
- 416 - $342,847
- 905 - $281,458
COMMENTS:
- Price growth was strongest for low-rise homes;detached, semis and townhouses
- In spite of dip in "sales", market conditions remained tight for these kinds of homes with substantial competition between buyers
MORTGAGE RATES as of DECEMBER 2012
1 year 3.00% (fixed)
3 year 3.70% (fixed)
5 year 5.24% (fixed)
"when you call me, you speak to me - not an assistant"
Patricia Katz, Broker*
416-966-0300
pkatz@trebnet.com
patriciakatzrealestate@gmail.com
Sutton Group-Associates Realty Inc., Brokerage
