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February boasts strong numbers as 2020 off starts with a bang! Sales rose a staggering 45.6% over last February (which was a 10-year sales low). However, the sales numbers for February 2020 were still below the 2017 record result.

Here is a quick breakdown:

  • The MLS® Home Price Index Composite Benchmark was up by 10.2 per cent.

  • New listings for February increased 7.9% year over year, however active and current listings on the market was down -33.6%. This shows that competition for buyers has increased, with less inventory than 2019 overall.

  • The average selling price for all home types combined for the TRREB Market Area as a whole was up by 16.7% from $779,791 to $910,290.

  • Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

Double-digit average price growth was experienced for most major market segments, including detached houses and condominium apartments.

February was a solid segway into an extremely optimistic Spring market! If you are looking to make a move, we are always available to help! Contact us at any time for a free market analysis of your home.

It’s our family helping yours!

-Kristina & Rey

Thank you for being a part of the launch of our new Keyvani Team website!

Real estate can be an exciting endeavor, and we are here to help guide and be a part of that amazing adventure! Our mission is to offer an unparalleled real estate service and an unforgettable experience. Whether you are looking to buy, sell, lease or invest, we are at your service.

Stay tuned for more great updates, interesting and informative blog articles and more!

It’s our family helping yours!

Rey & Kristina