Harvey Kalles Real Estate Market Report and Listings Sold and Leased: December 23, 2012 – January 19, 2013

Posted by: Elise Stern, Created date: January 25, 2013

Now that we’ve seen January’s mid-month market numbers from the Toronto Real Estate Board, we’re even more confident that the Toronto real estate market is going to be just fine: year-over year sales were up, by 2.4%, in the first half of January for the first time since sales numbers started to slide in August 2012. Average selling price was also up, by 4%, a reassuring result.

TREB President Ann Hannah is “cautiously optimistic” about these numbers: “It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.”

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