Residential sales up 15.8% in February 2016 compared to a year earlier. New listings in Ontario numbered 25,384 units in February 2016, an increase of 3.8% compared to last year. The provincial average price of homes in February 2016 rises 12.7% compared to a year earlier. There were 2.8 months of inventory at the end of February 2016.
The new federal legislature requiring a 10% downpayment for homes over $500,000 will cause several positive economic externalities for Georgina's real estate market.