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Toronto Real Estate Board:

GTA Realtors report January mid-month housing statistics.

Greater Toronto Realtors reported 1,749 existing home sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour. “Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.” The average price for transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009.

“Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year’s winter downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Source: Toronto Real Estate Board »

January 18, 2010 in Toronto Real Estate Board | Permalink

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Comments

great article..but i would love it more if you can post is new update about this post... hows the toronto real estate market is going today..

Posted by: rent office space makati | May 16, 2010 10:29:29 PM

Last year was a disaster. But this year, it's getting better.

Posted by: Realtors | Feb 3, 2010 12:20:37 AM

Do you ever worry that we just averted a disaster last year, but don't seem to have learned the lesson?

Posted by: Malcolm Johnston | Jan 26, 2010 4:01:12 PM

If you are interested in selling or buying a house here is a lot of useful information http://www.dreamhomecompany.com

Posted by: Jason | Jan 25, 2010 9:05:15 AM

Nice information. I hope this could give prosper to the real estate business this year.

Posted by: fort bonifacio condos | Jan 22, 2010 6:07:47 AM

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