7,374 Purchases

Wednesday Dec 06th, 2017

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That is how many units of real estate were purchased (I would like to say people but that would be misleading as some families sold and bought) in the GTA through the Toronto Real Estate Board's MLS system in the month of November, 2017.

That number doesn't include new construction purchases, private sale purchases and exclusive listing through realtors purchases.

To me that means a lot, and by the way congratulations to those who made the decision to go ahead and buy their dream home.

This number, means that people are confident in the real estate market. And why shouldn't they be? 

Interest rates are still at record lows. There are more properties coming up for sale, the demographics are shifting, immigration is healthy, all the right combination of elements that make it make sense to buy real estate. 

Thanks for reading.

 


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