2015 is off to a frantic pace in home sales and prices, which in my opinion were to be expected, as long as the winter weather played nice enough.

If you recall last January and February we were buried deep in snow and this pushed back our market in sales a bit. This year in January new listings were up by almost 10% over last year, which is notable as January isn’t typically known as a busy month. Sales activity was up 6% and prices up 4.9% year over year.

Expect a very busy spring market with similar conditions as buyers continue to outnumber sellers on desirable properties. 

With the Pan Am Games coming to Toronto in July and August, this too can play in sales activity and pricing. Although summer months, like January, tend not to be as frantic as spring or fall.

If you have further questions let me know?