Real Estate market stays hot in York Region

The numbers are in, and are again strong -- February home sales were up 16% (as compared to 2010) for the Greater Toronto Area.  Some highlights from last months numbers:

 

  • York Region's average resale price was $584,973 (GTA average is %502,508)
  • Markham had 338 sales, Richmond Hill 263, Vaughan 351
  • 60% of sales in February were fully-detached homes
  • Average sale price of a semi-detach in Markham grew to $452,000

 

With low interest rates being maintained, we would expect the market to continue on the same trajectory for the near future - expect near-term prices to climb slightly in the Markham, Unionville and Stouffville areas.