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GTA is the Place to Be!

September 27, 2012 by  
Filed under Special Features


GTA is the Place to Be!Over the past three years, housing prices have appreciated in the vast majority of regions across the country. This solid growth has generated a general worldwide consensus that Canada’s real estate market is safe and sound.

Toronto’s market fared notably well during this period. When compared to August 2011, selling prices for August 2012 increased nearly 6.5 per cent to an average of $479,095 per home. This substantial growth was propelled by the city’s low-rise home segment, which includes a 15 per cent price increase in single-detached homes.

Overall, sales may have been down this year in the GTA, but new listings were as well. Accordingly, market conditions held firm due to intense competition between buyers in the low-rise segment. This balance between sales and new listings indicates that their relationship will continue to push price growth. The GTA is the place to be!

Industry innovator Vivian Risi is a Broker of Record and the Founder of Royal LePage – Your Community Realty, Canada’s No. 1 Brokerage. Her expertise in market trends, mortgages and real estate management spans over 30 years.

To contact Risi or one of her realtors with your questions, or to locate the nearest Royal LePage – Your Community Realty, visit 1.888.9LEPAGE (53-7243).

For more real estate information, follow Vivian Risi on Facebook and Twitter, or go to her website and send her a question under “Ask Vivian.”


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