December and 2018 Annual Statistics Released

According to TREB there was a total of 77, 426 residential transactions through MLS in 2018. The average selling price for these transactions in 2018 was $787,300 for all home types for all of 2018. This represents a decrease of 4.3% since 2017 in the price of homes. A few factors contributed to this, one being the new mortgage guidelines and the stress test, which forced some homeowners trying to get into the market to put buying a house on the back burner for perhaps another year. On the contrary, condominium sales were up by 7.8% in 2018.

Full Article

Leave a Reply

Your email address will not be published. Required fields are marked *