As a whole the average selling price for 2017 was $822,681 up 12.7% as compared to 2016.
Sales of 92,394 were reported in Greater Toronto Area through TREB’s MLS® System in 2017. This total was down 18.3% compared to the record set in 2016.
“Much of the sales volatility in 2017 was brought about by government policy decisions. Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January 1, 2018.
If you are thinking about buying and selling real estate in Brampton, Mississauga and Toronto, please call me (Bobby Sengar, Broker, Homelife Superstars Real Estate Ltd.) today for a one on one meeting.