Posted on 23. November 2009 15:24 by jackiecarron
The Toronto Real Estate Board recently released their mid-month figures for November 2009. Prices may be up but we have to take into consideration the market we had one year ago... Read the entire entry below....
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-overyear
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 GTA this winter will be well above levels reported
throughout the fourth quarter of 2008 and the first quarter of 2009," according to Jason
Mercer, TREB's Senior Manager of Market Analysis.
Summary Of November Sales And Average Price
November
2009 2008
Sales Average Price Sales Average Price
City of Toronto ("416") 1,560 $441,893 830 $400,305
Rest of GTA ("905") 2,106 $395,195 1,161 $358,130
GTA 3,666 $415,066 1,991 $375,712
Source: Toronto Real Estate Board
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
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