Real Estate Newsletter

Liliana Usvat - B. Sc. Eng.
Sales Representative

Residential and (ICI) Investment
Homelife Eagle
Realty Inc.

Cell: 416-708-7454
Tel: 905-773-7771
Web: www.lilianausvat.com
E-mail: lilianausvat@yahoo.com

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Serving York Region and Toronto Areas

Market Watch

August 3, 2017 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB's MLS® System in July 2017. This result was down by 40.4 per cent on a yearover- year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.While sales were down, the number of new listings reported were only slightly (+5.1 per cent) above last year's level

'A recent release from the Ontario government confirmed TREB's own research which found that foreign buyers represented a small proportion of overall home buying activity in the GTA. Clearly, the year-over-year decline we experienced in July had more to do with psychology, with would-be home buyers on the sidelines waiting to see how market conditions evolve,' said Mr. Syrianos.
Sold Statistical Summary for August /2017
Municipality Sold / Month Avg$ / Month
Aurora 51 $912,595
East Gwillimbury 28 $903,825
Georgina 63 $594,010
King 19 $1,525,711
Newmarket 76 $755,269
Richmond Hill 175 $1,021,242
Brampton 628 $644,407
Mississauga 638 $643,153
Burlington 158 $748,524
Milton 154 $692,491
Toronto C01 455 $652,775
Toronto C04 49 $1,582,121
Toronto C08 207 $628,778
Toronto C11 18 $653,295
Toronto C14 130 $897,652
Toronto C15 108 $669,429
Toronto E04 85 $610,147

Co-op Housing and the situation in Toronto

A housing cooperative, co-op, or housing company  is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure.

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