Real Estate Report Toronto December 2015

Toronto Real Estate Report

Real estate market in Toronto continues to be hot and steady as per the latest Toronto real estate Board members for December. December 2015 has been on record the second best year for sales. The Board announced that in December 4945 homes were sold showing up substantial increase of 9.2% as compared to thousand 14. The Board maintains that the sales will continue to follow the same trends 2016 considering a stable and strong demand in the GTA area. Despite the recession like situation around the world, the home price in Toronto and Vancouver continue to search with unprecedented demand. Toronto especially has a high demand considering the number of immigrants coming to the city every year. Vancouver on the other hand had seen strong growth due to major investment by Chinese residents. Amongst Toronto area, all major cities have shown tremendous growth including Mississauga, Hamilton, Brampton, Vaughan, Milton, Caledon and surrounding cities.

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