Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Toronto Market Up 23.5% in First Five Months (2016)

June 6, 2016 - Updated: June 6, 2016

Toronto Market Up 23.5% in First Five Months (2016)

 

For those who are following the market, here is a list of the average prices for single family homes in the GTA (Greater Toronto Area) in 2015 and for the first five months of 2016, as reported by the Toronto Real Estate Board.

 

 

2015

 

January                $552,925

February              $596,320

March                  $613,818

April                    $636,094

May                     $649,648

June                     $639,309

July                      $608,875

August                 $603,534

September            $627,818

October                $630,254

November            $632,800

December            $608,753

 

2016

 

January                $630,527

February              $686,058

March                  $687,936

April                    $739,082

May                     $751,908

 

When we are looking at increases for the year, the December 2015 number is actually the end of the month or 31 December 2015. That’s just the same as the opening number on January 1st.

 

The increase in value so far this year has been $143,155.00, that’s a 23.5% increase, just in the first five months of 2016.

 

That’s certainly the largest increase we have seen in recent years.

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: may 2016 treb market 23.5 up
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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