September 2014 Real Estate Statistics for Toronto: Great Time to Pay Down that Debt
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September 2014 Toronto Real Estate Market Report A Great Time to Pay Down That Debt
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How much further can prices go, who knows, but remember that Vancouver house prices are historically 30% higher than Toronto and people still rush to live there and manage their mortgages...speaking of which, mortgages are scheduled to stay low for another two years...a great time to pay down that debt!
Transcript of September 2014 Real Estate Statistics for Toronto: Great Time to Pay Down that Debt
September 2014 Toronto Real Estate Market
ReportA Great Time to Pay Down That
Debt
TREB reported 7,600 sales through the TorontoMLS system in August 2014. This is a 2.8 per cent increase compared to August 2013. Sales were up for all major home types in August, which suggests that buyers and sellers remain very active.
The average selling price in August 2014 was $546,303, which is a 8.9 per cent increase in comparison to the selling price in August 2013. The number of listings in August was however down in comparison to 2013.
How much further can prices go, who knows, but remember that Vancouver house prices are historically 30% higher than Toronto and people still rush to live there and manage their mortgages...speaking of which, mortgages are scheduled to stay low for another two years...a great time to pay down that debt!
