The Real Estate Market in Toronto is so HOT, that I had to present offers to purchase a property for my most recent clients four (4) times, in four different properties due to the fact that for each listed property there were multiple Offers every time. No matter whether the sellers were holding offers or not, no matter how fast or early I showed the properties to my clients and registered the Offers, we'd always be involved in a multiple Offer situation.
Obviously every single buyer wants to beat the HST (New 13% Tax) and the increase of the Interest Rates that will kick in this summer.
Sunday, April 25, 2010
$434,696 - Average Price for March Real Estate Transactions
According to TREB (Toronto Real Estate Board), greater Toronto Realtors® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948.
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