Ontario Real Estate Association February Highlights

Ontario home sales rise to new February record Highlights:

Residential sales up 15.8% in February 2016 compared to a year earlier.
New listings in Ontario numbered 25,384 units in February 2016, an increase of 3.8% compared to last year.
The provincial average price of homes in February 2016 rises 12.7% compared to a year earlier.
There were 2.8 months of inventory at the end of February 2016.

Peter’s Comments: There are more residential sales (higher demand). With house prices increasing by 12.7% over the same time period and with the high demand for residential real estate, it may be the right time to list your property. Call us at Sutton Group-Heritage if you would like to discuss the current market: 905-619-9500

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