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Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record.
Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 360,808 square feet of space leased on a per square foot net basis through the TorontoMLS system in July. This result, which included transactions with pricing disclosed, was down from 696,939 square feet reported in July 2013. The amount of leased commercial/retail space was up on a year-over-year basis, whereas the amount of industrial and office space leased was down. Industrial properties accounted for 60 per cent of total square footage leased.
As a REALTOR®, I’m often asked for advice regarding the best approach to building a solid financial future.