Market Watch - February 2019

Tuesday Mar 05th, 2019


February 2019 Market Watch 

Data from the Toronto Real Estate Board reported 5,025 homes sold in February, down by 2.4 % on a year-over-year basis.   New listings also declined by a greater annual rate. 

The average selling price was up modestly on a year-over-year basis.  The average selling price for all home types combined was up by 1.6% year-over-year.  Price growth was driven by the condominium apartment segment and higher density low-rise home types.  On a preliminary seasonally adjusted basis the average selling price was down compared to January 2019.

The rental market continued to be on high demand.  The average one-bedroom rent was up by 8.1% to $2,145.  The average two-bedroom rent was up by 7.4% to $2,810. This is an increase well above the rate of inflation on a year-over-year basis for the January/February period.

In this video, Jason Mercer, Director of Market Analysis at TREB, discusses the Market Watch Report for February 2019.

To view complete report, please click on this link

Source:  Toronto Real Estate Board   

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