Finally, if you are looking for a home or income property in Toronto the market is starting to break. What I mean by that is that a larger amount of new listings are coming out on the market… There has been a shortgage of listings supply since early winter, people are not so keen to move in the cold. Niether am I, so that is all we can expect.
However, January 07 has been a record month for Sales. With 5173 sales that is 13% higher than January 2006 and up 6% over January sales of 2002 which was the previous record January.
The average price in Toronto has climbed 5% over Decembers figures to $353,724. An encouraging sign for those worried about the market.