Toronto Real Estate Board Market Update: Mid November 2009 Numbers.

GTA 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-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.

mid-november-2009-treb

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Board Market Update: October 2009

TREB Reports Strong Growth in October MLS Transactions

In October 2009, Greater Toronto REALTORS® reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 – up by 20 per cent compared to the same month last year.

“Strong sales growth has occurred across many property classes – from price ranges that would attract firsttime buyers to luxury properties selling for over one million dollars,” said TREB President Tom Lebour.

“The highest rate of sales growth in October was experienced for properties selling for over $750,000 dollars. In contrast, luxury home sales declined at an above-average rate last year.”

Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost three per cent.

“After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.

“Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year.”

treb-october-2009

Source: TREB (Toronto Real Estate Board)

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