Real Estate Prices UP and Sales Volume UP - Mississauga and GTA Real Estate Newsletter November 2018 - Issue 11:05
Once again, last month was another very strong month for sales and prices in the GTA.
November 2018 News
Greetings from Fabulous Mississauga!
- The average selling price last month was $807,340 (it was $796,786the previous month) and it was up about 3.5% compared to previous same month last year - see graph of prices here
- Greater Toronto Area REALTORS® reported 7,492 (it was 6,455 last month) residential sales through TREB’s MLS® System last month. This result represented a 6% increase compared to sales reported in the same month in 2017.
- The MLS® Home Price Index (HPI) Composite Benchmark price was up 2.6% on a year-over-year basis.
- The Bank Prime rate for most lenders now stands at3.95% read more about Interest rates
- The Bank of Canada Prime Lending Rate is the same as last month at1.75% read more
For more information please contact A. Mark Argentino
A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL:
mark@mississauga4sale.com
Website:
Mississauga4Sale.com
