Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

REAL ESTATE MARKET UPDATE JANUARY 2016 - TORONTO - GTA

January, 2016 

Dear Friends, 

Toronto Real Estate Board members sold 4,945 homes in December, bringing the 2015 calendar year total to 101,299. This 9.2 % increase over 2014’s 92,782 sales, marked 2015 as the best year in the history of the Board. The average selling price for 2015 as a whole was $622,217 – up 9.8 % compared to $566,624 in 2014. 

City of Toronto Average price $659,270 
Aurora Average price $746,715 
King Average price $1,006,701 
Markham Average price $803,357 
Newmarket Average price $618,498 
Richmond Hill Average price $886,773 
Vaughan Average price $797,377 
Stouffville Average price $789,730 
Pickering Average price $530,413 
Whitby Average price $488,304 

The outlook for 2016 appears to be more of the same if not better. We have several factors occurring that will impact the market.

First is the weak Canadian dollar. That has two immediate consequences. One, investors from around the world can buy Canadian real estate at 30% off. (Real estate sales in the USA are slowing down as foreign investors are not buying due to the strong US dollar.) Two, American companies are now buying Canadian, whether its goods or holidays or consultants as its 30% cheaper!

Secondly, with worldwide humanitarian crises continuing and Canada accepting more refugees, demand for housing will increase tremendously. 

All in all, a strong real estate market with increased demand, low interest rates and people who can afford the mortgage payments. A sure fire recipe for increasing prices.

If you have questions about how to invest in real estate, give me a call, I would love to help you create a great investment/retirement strategy....and remember, “I am never too busy for your referrals!” 


Have a great 2016! 

Your Friend in Real Estate,

Suzana ( Sue ) Davies , Sales Representative Remax Realtron

suzdavies@trebnet.com  416-843-7017 www.suzanadavieshomeseek.com

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Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 12/9/2017 7:42:39 AM