TREB Market Statistics for January 2019
January 2019 Report
The Toronto Real Estate Board (TREB) has just released the overall sales numbers for January 2019. There were 4,009 sales in January 2019, up 0.6% compared to January 2018.On a seasonally adjusted basis, sales were up 3.4% compared to December 2018. There was a total of 9,456 homes listed in January 2019, up 10.5% per cent year-over-year. The average selling price was $748,328. On a seasonally adjusted basis, the average selling price was down by 1.7% compared to December 2018.
TREB’s forecast for the year ahead predicts moderate increases in the average price and MLS System Sales on a year-over-year basis. I have observed in the first two months of this year, prices for income properties are holding steady, still primarily based on a lack of supply.