Back to Blog
2 Feb

January 2018 Market Stats – TREB Market Watch

Real Estate News

Posted by:

Year-over-year inventory levels are up but this month’s housing stats shows that the Greater Toronto Area is entering a more balanced market.  Traditionally, a market shift towards a buyer’s market happens closer to 5-months of inventory.

Assuming your mortgage rate is 3.20%, the monthly payment would be about $2,851 based on a mortgage amount of $589,426 (20% down payment of the current average home price of $736,783)

January, 2018, TREB, Toronto, Ontario, Mortgage, Stats, Condo, Townhouse, Detached

January 2018 market stats for the Greater Toronto Area sourced from TREB market watch.