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GTA Resale Housing Sales Up 19 Per Cent in the First Half of June |
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Wednesday, 17 June 2009 |
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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."
The average price for MLS® sales was $407,716, up by two per cent compared to last year. "Heightened interest in ownership housing this spring has solidified resale home prices," according to Jason Mercer, TREB's Senior Manager of Market Analysis. “The number of home buyers has been high relative to the number of listings, pushing the average price above last year's level.” Summary Of Mid-June Sales And Average Price | | June | | June | | | | 2009 | | 2008 | | | | Sales | Average Price | Sales | Average Price | | City of Toronto ("416") | 2,023 | $449,946 | 1,733 | $439,469 | Rest of GTA ("905") | 3,162 | $380,698 | 2,641 | $371,686 | GTA | 5,185 | $407,716 | 4,374 | $398,542 |
Source: Toronto Real Estate Board For a complete copy of the Market Watch Report visit www.TorontoRealEstateBoard.com 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. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com. |
