Richard Silver

Greater Toronto Area REALTORS® Report Mid-Month Resale Housing Market Figures

TORONTO, November 18, 2009 - In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008. The average price for these transactions was up 10 per cent year-over year to $415,066.

Increased interest in ownership housing has been widespread throughout the GTA and across all housing types,” said Toronto Real Estate Board President Tom Lebour. “However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price”. Year-to-date sales, at 78,233 are up 11 per cent compared to 2008. Average price, at $393,180, is up by three per cent. 

“Sales and average price in the Greater Toronto Area this winter will be well above levels reported throughout the fourth quarter of 2008 and the first quarter of 2009,” according to Jason Mercer, Toronto Real Estate Board’s Senior Manager of Market Analysis.

This entry was posted on Wednesday, November 18th, 2009 at 7:05 am and is filed under Around TORONTO, Business, Real Estate, Selling in Toronto, Toronto. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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