Greetings from Fabulous Mississauga!
- The average selling price last month was $875,983 (it was $770,745 the previous month) compared to January of last year. and this represents aver a 27.7% increase compared to the same month last year- see graph of prices here
- The overall average selling price for calendar year 2016 was $729,922 – up 17.3 per cent compared to 2015
- Greater Toronto Area REALTORS® reported 8,014 residential transactions through TREB's MLS® System last month. This result was up by 5.7 per cent compared to the same month last year
- The Bank of Canada Prime Lending Rate now stands at 2.70% steady (since July 2015) read more
Mortgage Interest Rates - time to lock in? read more
TREB reports that the volume of sales was down but prices are up year over year.