The Ragona Sisters Team is your Vaughan Real Estate Agent, also servicing Tottenham, Beeton, Mississauga, Toronto, Brampton, Acton,  and surrounding areas.
Career based Real Estate Agents who have built a Successful Team.  They have a reputable name for being Trustworthy and Result Driven! Just check out their Testimonials!
 
Over 162 Million Dollars in Real Estate Sales  *2006-2016
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2016 Market in Review
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January 15, 2017

With demand High and a Shortage of Inventory, it was no doubt that 2016 was a record breaking year for Price Growth. Most areas saw doubt digit increases which was very different then prior years where single digit increase was the norm. The reason for strong price accerlation was due to continued low interest rates, low unemployment, population increase and above inflation income growth.

Interesting enough, foreign buyers only acccounted for 4,9% of the transactions where majority of the Buyers were buying a primary residence to either rent out or have their family members live in. As a result of the recent foreign buyers tax implemented for the Vancouver area, only 1 in 10 Realtor members in the GTA had received inquiries from foreign byers who otherwise would have purchased a home in Vancouver. Just 16% of these inquiries led to an actual purchase. In other words, *IPSOS estimated that less than 2% of Realtor members in the GTA represented a foreign buyer that has been impacted by the new tax in BC

IPSOS reports that 29% was the average downpayment for a a single dwelling.

Market has no signs of slowing down for 2017 and demand will continue to outpace the supply of houses that should put us back in the books for another record breaking year of price growth.


*Ipsos, Market research company



 
Market Watch May 2016

The robust market of year over year of price growth is showing the increased demand of people looking into home ownership

Just look at the year over year spread on how prices changed since last year in the York Region category


    
Average days on the market is less than 1 week with many home owners holding off on accepting offers until a specific day.

Vaughan is proven to be a continuously strong market with the affordability factor of low interest rates.

If you want more information, please don't hesitate to contact us!


 
 

About

Linda Marchese Ragona

Broker. ASA

Direct: 647-892-8877
 

Claudia Ragona

Broker Of Record

Direct: 416-830-6359

 

Luisa Ragona

Sales Rep. ASA

Direct: 647-770-6487
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