January 2020 Market Snapshot

Dated: February 4 2020

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❗️January 2020 Market Snapshot ❗️

Up 8.7 percent compared to January 2019, the month of January has left us with the highest annual rate of growth for the MLS HPI Composite Benchmark since October 2017.

"The condominium apartment market segment continued to lead the way in terms of MLS HPI® price growth, but all home types experienced price growth above seven per cent when considering the TREB market area as a whole.

A key difference in the price growth story in January 2020 compared to January 2019 was in the low-rise market segments, particularly with regard to detached houses. A year seems to have made a big difference. It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment. Strong sales up against a constrained supply continues to result in an accelerating rate of price growth,” said Jason Mercer, TRREB’s Director of Market Analysis and Service Channels
As the market conditions tighten, the importance of having a knowledgeable, experienced realtor becomes more important. Whether you're looking to buy or sell this year, give me a call to discuss all of your real estate needs!
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Lindsay Reimers

As a real estate professional, I believe in personalized service and solid communication. I have been a full-time, full-service Realtor for 9 years now with sales across Toronto and the Greater Toront....

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