7 Sep 2011

August home sales jump 24 percent

People continue to flock to Toronto, as the latest housing report from the Toronto Real Estate Board indicates home sales were swift last month.

According to the TREB, in August, more than 7,500 properties were sold in the GTA, a rise of 24 percent in year-over-year sales. Last year during the same 31-day period, just under 6,100 homes were purchased.

While sales increased, the ability to afford a home in the GTA did not, as the report indicated the average home sold for $451,663 – a price hike of 10 percent when compared to August 2010.

Richard Silver, president of the TREB, said home affordability could be aided, however, with the removal of the land transfer tax, which officials are not expected to renew when it expires later this year. Also helping lower home ownership costs, according to TREB's senior manager Jason Mercer, are affordable mortgages, as the interest rate has remained low for several months now.

Home ownership typically brings an increased need for extra storage. GTA residents can keep their expenses low there as well, as all of Jiffy Self Storage units are eminently affordable. 

Be Sociable, Share!

Related Articles [3]

Amazon’s Underwater Storage Facility Is The Future Of Warehouses

March 15th, 2018
Amazon is one of the world’s largest, most innovative and successful companies who consistently redefines what it means to operate a warehouse based on the online sale of...

Why Self Storage Is Booming In Big Cities

March 5th, 2018
Self-storage has always been popular, but lately, it is becoming increasingly more popular in big cities across the country. People are finding self-storage spaces can be...

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Leave a Comment

Recent Posts

Blog Categories


Subscribe to RSS Feeds
Essential SSL