Last month, despite inclement weather the Toronto Real Estate Board (TREB) sales were up. This was largely due to strong sales in Condo Resales. Unlike the Freehold market of Attatched, Semi-Detached and Detached there was ample supply in the condo market. We are seeing multiple offers especially due to the lack of inventory amongst freehold listings.
TREB reports that the average selling price is up 8.6% compared to February 2013. The Home Price Index (HPI) was up 7.3 % over the same time period.

Lets hope more inventory of Low-rise homes comes on the market soon.  I have had a few clients competing in multiple offers over and over.  If you are thinking of selling your home, call me today at 905-456-1000 or email me, Ruth@RuthBallantyne.com .  Who knows, you may be receiving multiple offers by the week-end.



For more detailed information regarding statistics in Brampton, Mississauga, Caledon, and Orangeville click this link below.  If your interested in other areas please email me Ruth@RuthBallantyne.com.

http://communications3.torontomls.net/statistics/mwatch/2014/02/Peel-Dufferin_1402.pdf