GTA Resale Housing Market Posts Best June on Record

Steven — Mon, 06 Jul 2009 15:57:14 +0000

TORONTO, July 6, 2009 – In June 2009, Greater Toronto REALTORS reported a record
10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.

“The record result in June is testament to the fundamentally sound housing market in the GTA,” said the Toronto Real Estate Board’s newly appointed President Tom Lebour. “An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market.”

The average price for June transactions was $403,972 – up by two per cent compared to the same month last year.

“The re-emergence of seller’s market conditions has exerted upward pressure on home prices,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing.”

Source: TREB (Toronto Real Estate Board)

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GTA Resale Housing Sales Up 19 Per Cent in the First Half of June

Steven — Wed, 17 Jun 2009 22:17:40 +0000

TORONTO, June 17, 2009- Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year.

“Households in the GTA have become more confident in purchasing a home over the past three months,” said TREB President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role.”