Hope everyone’s new year is off to a great start!
Here is a quick snapshot looking back over 2017. There were 92,394 home sales reported through the TREB MLS in 2017. Annual home sales were down 18.3% from a record-setting 2016, but the average price still managed to climb up 12.7% compared with 2016. While the number of sales fell for seven months since May, the GTA has seen signs of recovery in the past few months, with sales in December having the smallest monthly decline since the introduction of the 15% foreign home-buyer tax and the Ontario Fair Housing Plan in April. There were 51.9% more new listings in December 2017 vs December 2016.
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