Toronto Condos and Real Estate Information

GTA REALTORS® Report Mid-Month Resale Housing Figures

TORONTO, May 19, 2010 – Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May.

This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059.

“The average household looking to purchase a home continued to benefit from affordable opportunities in the first half of May,” said Toronto Real Estate Board President Tom Lebour.

“The number of done deals will remain high for the remainder of 2010, but will dip from record levels.”

The average price for May mid-month transactions was $448,641 – up 12 per cent compared to the average of $399,811 recorded during the first 14 days of May 2009.

“The total number of homes currently listed in the GTA is now within a more normal range. As buyers benefit from more choice in the second half of 2010, average selling prices will grow at a slower pace,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: TREB (Toronto Real Estate Board)

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• 28 Empress Ave, North York, M2N 3T3
• The Majestic 1
• 22 Floor Condominium Apartment
• Finnished in 1999

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• 18 Kenaston Gardens, M2K 1G8
• Rockefeller on Bayview
• 20 Storey Condo Tower
• Complete in 2006
• Built by Daniels
• Part of the the New York Towers @ Bayview and Sheppard

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• 18 Spring Garden, M2N 7M2
• Platinum XO
• 36 Storey High Rise Condominium
• Location: North York, Just north of Yonge and Sheppard

Amenities include: Bowling Alley, Golf, Indoor Pool, Exercise Room, Billiards room, 24 hr concierge and more.

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TORONTO, May 5, 2010 – Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009.  There were also 20,683 new listings in April – a 59 per cent annual increase.  Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

“The GTA resale market is functioning properly.  Sales were high as buyers continued to take advantage of affordable home ownership opportunities.  Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour.  “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.

” The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.

 ”Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,”  said Jason Mercer, TREB’s Senior Manager of Market Analysis.   ”Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

Source: TREB (Toronto Real Estate Board)

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