ZENY MANINANG Sales Representative

ZENY MANINANG Sales Representative

Toronto Real Estate Home Sales in January 2020 up by 15.4% compared to January 2019

TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019.

“We started 2020 where 2019 left off, with very strong growth in the number of sales up against a continued dip in the number of new and available listings. Tighter market conditions compared to a year ago resulted in much stronger growth in average selling prices. Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said Mr. Collins.

The MLS® HPI Composite Benchmark price was up by 8.7 per cent compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017. The condominium apartment market segment continued to lead the way in terms of MLS HPI® price growth, but all home types experienced price growth above seven per cent when considering the TRREB market area as a whole. The average selling price in January was up by 12.3 per cent, driven by the detached and condominium apartment segments in the City of Toronto.

“A key difference in the price growth story in January 2020 compared to January 2019 was in the low-rise market segments, particularly with regard to detached houses. A year seems to have made a big difference. It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment. Strong sales up against a constrained supply continues to result in an accelerating rate of price growth,” said Jason Mercer, TRREB’s Director of Market Analysis and Service Channels.

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750 BAY ST #3603 Corner Penthouse at Bay & College

3603 - 750 Bay St ,  C4619207, Toronto,  sold, , ZENY MANINANG, HomeLife/Bayview Realty Inc., Brokerage*

Corner Penthouse in Prime Bay & College Location! Features 9 Ft.Ceilings, only 4 Units In Penthouse, $$$ spent in renovations, brand new Laminate Floors, Painted Throughout, Huge Master Bdrm. Great City & Lake Views! Excellent Amenities:24 Hr. Concierge, indoor lap pool,Whirlpool,Jogging Track,Gym,Sauna,Party Rm*Walk To U Of T,Ryerson,Toronto Hospitals,Eaton's,Discovery District,Financial District, Access To Subway Through College Park Across the Street *Parking Spot Next To Elevator*Maintenance Fees Include All Utilities! Convenient TTC access: One of the top bonuses is having the condo across the street College Park South Tower has direct underground access to College Street Station on the Yonge-University subway line. Accessed through the College Park Mall, a historical commercial space that features a 24-hour Metro. Many residents will appreciate this short-cut to their daily travels during Toronto winters.

View 3603 - 750 Bay St

Penthouse 750 Bay St #3603

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