TREB Says Continued Price Growth in 2012

By goninblog • January 24th, 2012

If all continues well in 2012, and if Canada does not see a recession, selling price is expected to increase in the GTA by approximately 4%, making the average selling price $485,000.

“TORONTO, January 20, 2012 – Starting with its November 2011 Market Watch publication, the Toronto Real Estate Board (TREB) has been publishing a new Months of Inventory (MOI) indicator. MOI shows how long, on average*, it would take to sell all actively listed homes assuming the level of sales remained the same and no additional homes were listed.” Toronto Real Estate Board News Release 2012

Read the whole article HERE.

For any questions you may have about the Suburban Toronto real estate markets in  Oakville, Milton and Burlington or for information about buying or selling homes in Oakville, Milton or Burlington Ontario, contact Team Gonin today.

 

Contributed by

Team Gonin
RE/MAX Aboutowne Realty Corp., Brokerage
67 Lakeshore Road West, Oakville, ON L6K1C9
Call (905) 338-9000 | Fax (905) 338-3411
Comments(0) Burlington, GTA real estate market, Halton Region, investing in real estate, Market, market update, Milton, Oakville, real estate market, real estate sales, Real estate update, Toronto, toronto real estate board

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