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Toronto home sales rise again
GTA Realtors report August real estate market activity up.
In August 2009, Greater Toronto Realtors reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories of home buyers have chosen to make a long-term investment in housing, from first-time buyers to move-up buyers or buyers who are seeking a lifestyle change."
Year-to-date sales, at 58,421 were up two per cent compared to the first eight months of 2008. Average price, at $385,978 was up by less than one-half of one per cent.
"We have heard more positive economic news lately. The improved housing market has played a key role,” explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales have helped other sectors of the economy through home buyers’ spending on things like financial and legal services, moving, renovations and home furnishings."
See Toronto Real Estate Market Watch report »
September 3, 2009 in Toronto Real Estate Update | Permalink
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Comments
When your home is being marketed professionally, your real estate agent has many powerful selling tools that make it worth hiring someone who is experienced and competent. Some advantages to hiring an agent are the national and worldwide referral networks, the Multiple Listing Service, and the Internet.
Posted by: Austin Condos For Sale | Sep 22, 2009 1:30:43 AM
GTA Realtors report August real estate market activity up. In August 2009, Greater Toronto Realtors reported 8035 sales, up 27% per cent from August 2008.
Posted by: Barry | Sep 10, 2009 1:41:10 AM
GTA Realtors report August real estate market activity up. In August 2009, Greater Toronto Realtors reported 8035 sales, up 27% per cent from August 2008.
Posted by: Barry | Sep 10, 2009 1:40:00 AM
You have a terrific blog with heaps of useful information. However in all of the current media hype, slow down in the market etc. There is still very little talk about an agents ability to sell.
How many agents actually understand the difference between making a simple sale and a major sale such as a house?
You can read all about my frustrating experience last weekend with Real estate agents.
http://www.makingmajorsales.com
Steve Hilliar
Posted by: Steve Hilliar | Sep 9, 2009 7:35:08 AM
Preceding the crash anything could happen including a short bear market rally. Even those in the US had no idea what was coming until it bit them in the behind! Prices are not sustainable. The crash is coming, if not whatever, go jump in the pool, the water is hot.
Posted by: Trevor | Sep 8, 2009 6:48:41 PM
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