2017 is off to a strong start. We are continuing to see the same market trends as we saw all throughout 2016.
Prices continue to increase at over 20% annually, while the number of homes on the market is down and moving quickly.
905 Areas including Mississauga, Brampton, Vaughan & Oakville continue to see the highest price increases at approximately 28% year over year on detached, semis and townhomes.
Condos also saw very healthy price jumps with the 905 areas seeing an almost 20% increase since last January. Inventory and sales of condos continues to be very active with 1636 sales (32% of all sales)in January across the GTA, 27% more sales then January 2016.
Overall a positive kickoff to the 2017 real estate market.