We have all heard the catchy little jingles about The City above Toronto, The City of Vaughan!
But Vaughan is coming into its own unique character. The wiki for Woodbridge says;
Woodbridge is a large suburban community (Estimated 2006 pop. 101,170)[1] in theCity of Vaughan, just north of Toronto in Southern Ontario. It was once an independent town before being amalgamated with nearby communities to form the city in 1971. Its traditional downtown core is the Woodbridge Ave. stretch between Islington Avenue andKipling Avenue north of Highway 7. Woodbridge has a large Italian immigrant population but has been experiencing a growth of other cultures since 2000 with increased housing development.
Statistics are down as a whole for the N08 region on the Toronto Real Estate Board Stratus system. We know that it was another record breaking month. Sales are still booming and the inventory levels are starting to rise a little bit. He has put some numbers together for you so you will have this information a few days before TREB releases it to the media.
In April there were 10,889 sales reported to TREB! That hits another record for April, so sales are chugging along quite nicely. As of yesterday there were 22,659 homes for sale. Inventory has jumped from 18,431 last month which is a 22% increase. This may seem like a huge jump, but it’s not uncommon between March and April. There are still plenty of sales to support the inventory level with the exception of certain areas and price ranges.
We are clearly experiencing one of the most interesting real estate markets ever. While other economies and marketplaces are suffering, Toronto just seems to be oblivious to it all. We should be thankful that we live in an area that has one of the strongest economies and real estate markets in the world.
Details of individual stats by housing type and average sale will be available with the release of the Market Watch Newsletter. Please revisit the site in a few days If you wish to receive the Market Watch Publication as part of my email newsletter distribution please send an email to david@davidpylyp.com with your contact information and I will be please to add you to the recipient list. You may opt out at any time.
If you are considering the sale of your property and wish an agent who is professional and persistent in getting things done, Creative, Honest and delivers a touch of panache, Give me a call at 647 218 2414 or 905 361 3387. I would be pleased to hear about your situation or connect here at my Dream Home Finder Page.
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