The Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This outcome was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the strong sellers market trend so far this year, the number of new listings was down by 3.8 per cent.
“As I start my term as TREB President, we are certainly in an interesting environment for ownership housing. There is no doubt that demand is at a record level, but would-be home buyers continue to face an uphill battle against a constrained supply of listings, which has perpetuated strong price growth. Buyers and sellers alike continue to benefit from the value a REALTOR® brings to a transaction,” said Toronto Real Estate Board President, Larry Cerqua.
“As the federal, provincial and local levels of government discuss housing policy in the coming months, issues affecting the lack of supply in the GTA should be of paramount importance. TREB will be undertaking, and making public, results of additional research in the second half of 2016, with the goal of proactively adding to the housing policy discussion,” added Mr. Cerqua.
The 416 detach market continues to show a year-over-year growth of approx 20 per cent each year, bringing the average sale price up to $1,259,486. The average selling price for all home types combined was up by a slightly higher annual rate of 16.8 per cent to $746,546. The single-detached, semi- detached and townhouse market segments led the way in terms of price growth.
“When TREB surveyed consumer intentions for 2016, we found that the majority of GTA households who were likely to purchase a home continued to be pointed towards some form of ground oriented housing. This is why we continue to see strong competition between buyers in many neighbourhoods where supply remains constrained,” said Jason Mercer, TREB’s Director of Market Analysis.
Jason Lau is a new kind of realtor for a new era of people: the online generation. He utilizes the Internet to help Toronto residents buy and sell the best real estate in the region.
He has over 10 years experience in the information technology industry, excelling with experience in developing websites, promoting brands, and marketing high-end domain portfolios. As an accomplished internet entrepreneur, Jason has owned several successful companies including Bluewiremedia Inc, Cyberdreams Inc and iOutSource Inc. Jason has also obtained a BComm in Economics from the University of Toronto and has studied computer programming at the Institute for Computer Studies.
He now puts his online skills to use in the Toronto real estate market, utilizing a number of internet marketing tactics to help clients buy and sell homes. From social media and blogging to email marketing and search engine solutions, Jason knows how to get the internet to work for his clients.
Jason is an excellent real estate agent who builds lasting relationships with the people he works with. He enjoys helping others sell their property and loves finding his clients' dream homes.
Outside of work, Jason participates in a number of sports including golfing, snowboarding and fishing. He is also highly interested in investing and nutrition.External Links