8 Jul 2011

TREB releases June housing numbers

Canada’s most populous city got a bit more crowded in the month of June, as the Toronto Real Estate Board recently reported an increase in the number of homes that were purchased.

The TREB report states more than 10,200 properties were sold in the GTA last month – an increase of 21 percent when compared to June of last year.

“The strong June result capped off an interesting first half of 2011,” said Richard Silver, president of the TREB. “The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June.”

Something else that surged in June was the cost of the average Toronto home, as the report indicates the typical transaction price was $476,371, nearly 10 percent more than June 2010. At that time, the standard home was purchased for $467,169, according to the report.

Jason Mercer, TREB’s senior manager for market analysis, said the rise in prices is largely due to the dearth of homes available, thereby fueling competition.

More homes being purchased often translates into increased buying of new furnishings. Jiffy Self Storage can hold older belongings on-site but also offers portable storage containers should they be a more convenient solution.

Be Sociable, Share!
Comment

Related Articles [3]

6 Manageable Steps for Cleaning Your Self-Storage Unit

June 22nd, 2020
The age-old saying, “out of sight, out of mind,” couldn’t be truer when it comes to self-storage in Toronto. So many Torontonians use their storage places to keep boxes...

Choosing the Right Size Storage Unit for Your Needs

June 8th, 2020
Living in Toronto provides access to some of the most amazing sights, entertainment, education, and careers in the country, but it sometimes comes at the price of space. For...

How Self-Storage Benefits Your Small Business

April 20th, 2020
Many Canadian small business owners are looking for strategies to increase the efficiency and productivity of their companies. Some owners are turning to self-storage units,...

Leave a Comment






Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL